Orpheus Uranium Reports Quarterly Cash Flow

Argonaut Resources N.L. (AU:ORP) has released an update.

Orpheus Uranium Limited, previously known as Argonaut Resources NL, reported a net decrease in cash and cash equivalents in its latest quarterly cash flow statement for the period ending March 31, 2024. The company experienced a cash outflow from its operating and investing activities, with notable payments towards exploration and evaluation, while administrative costs also contributed to the outflow. Nonetheless, the company’s financing activities provided a significant boost earlier in the year, with proceeds from equity securities issuances.

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