M8 Sustainable Ltd. (AU:M8S) has released an update.
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M8 Sustainable Ltd. has initiated commissioning of a new metals shredding facility at Maddington, with operations expected to start in early 2025 pending regulatory approval. The company reported a net cash outflow of $288k for the quarter ending September 2024, attributed mainly to manufacturing and operating expenses. Despite the cash flow challenges, M8 Sustainable is positioning itself for growth with plans to divert landfill waste to a new site in Gingin next year.
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