Northern Minerals Limited (AU:NTU) has released an update.
Northern Minerals Limited has reported significant cash outflows in its latest quarterly cash flow report, with a net decrease in cash and cash equivalents due to substantial investments in exploration, development, and staff costs. Despite these expenses, the company managed to offset some of the outflows with government grants and tax incentives, and financing activities including equity securities issues. The detailed financial activities underscore the company’s ongoing commitment to growth and operational development.
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