North Stawell Minerals, Ltd. (AU:NSM) has released an update.
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North Stawell Minerals Ltd reported a net cash outflow from operating activities of $218.5k and a net cash outflow from investing activities of $80.2k for the quarter ending September 2024. However, the company bolstered its finances with a net cash inflow of $241.4k from financing activities, primarily through equity securities and borrowings. This financial maneuvering highlights the company’s strategy to maintain liquidity while continuing its exploration and development efforts.
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