Horizon Minerals Ltd (AU:HRZ) has released an update.
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Horizon Minerals Ltd reported a cash flow statement for the quarter ending September 30, 2024, indicating a net cash outflow of $2.4 million from operating activities. The company also experienced a $551,000 net cash outflow from investing activities, mainly due to exploration and evaluation expenses. The financials reflect ongoing investments in exploration and lack of significant revenue generation, impacting liquidity.
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