Argonaut Resources ( (AU:ORP) ) has issued an update.
Orpheus Uranium Limited, a mining exploration entity, reported its quarterly cash flow results for the period ending March 31, 2025. The company experienced a net cash outflow from operating activities of $363,000, primarily due to staff and administrative costs. Despite this, the company saw a positive net cash inflow from investing activities amounting to $216,000, largely driven by proceeds from investments. Financing activities resulted in a slight cash outflow of $18,000 for the quarter. Overall, the company ended the quarter with a decrease in cash and cash equivalents, highlighting challenges in its operational cash flow management.
More about Argonaut Resources
Technical Sentiment Signal: Buy
Current Market Cap: $4.85M
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