Infinity Lithium Corporation Limited (AU:INF) has released an update.
Infinity Lithium Corporation Limited reported a considerable net cash increase from operating activities amounting to $30.4 million for the current quarter, driven by significant government grants and tax incentives. Simultaneously, the company experienced a net cash outflow from investing activities at $25.8 million, primarily due to payments for exploration and evaluation. Overall, the period saw a net increase in cash and cash equivalents, highlighting a positive financial momentum for the mining exploration entity.
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