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Argonaut Resources ( (AU:ORP) ) has shared an announcement.
Orpheus Uranium Limited reported a net cash outflow of A$474,000 from operating activities in the quarter ended 31 December 2025, driven mainly by staff, administration and corporate costs, with no receipts from customers. The company also recorded a net cash outflow of A$116,000 from investing activities as spending on tenement acquisitions and exploration exceeded proceeds from asset disposals, resulting in total cash and equivalents declining from A$3.07 million to A$2.48 million over the quarter, underscoring its reliance on existing cash reserves to fund ongoing exploration and corporate overheads.
More about Argonaut Resources
Orpheus Uranium Limited is an Australian-listed mining exploration company focused on uranium assets. As an exploration-stage entity, it generates no operating revenue and is primarily engaged in acquiring and evaluating tenements and related exploration activities within the resources sector.
YTD Price Performance: 32.00%
Average Trading Volume: 210,135
Technical Sentiment Signal: Sell
Current Market Cap: A$18.59M
Learn more about ORP stock on TipRanks’ Stock Analysis page.