Metalicity Limited (AU:MCT) has released an update.
Metalicity Limited’s quarterly cash flow report for the period ending June 30, 2024, indicates a net decrease in cash and cash equivalents due to operating and investing activities totaling ($943,000) and ($1,012,000) respectively, despite a positive cash flow from financing activities amounting to $1,448,000. The company has experienced significant outflows from exploration and evaluation costs, while managing to raise funds through equity securities and borrowings.
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