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Sky Metals Posts Exploration-Driven Cash Outflows but Maintains Liquidity via Equity Raising

Story Highlights
  • Sky Metals reported significant operating and investing cash outflows, mainly from exploration.
  • Equity raisings bolstered Sky Metals’ cash balance, supporting its ongoing exploration program.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sky Metals Posts Exploration-Driven Cash Outflows but Maintains Liquidity via Equity Raising

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Sky Metals Limited ( (AU:SKY) ) has issued an update.

Sky Metals Limited reported its quarterly cash flow for the period ended 31 December 2025, showing a net cash outflow from operating activities of A$449,000 and from investing activities of A$1.464 million, driven mainly by capitalised exploration and evaluation spending. The company partially offset these outflows with A$592,000 in proceeds from equity issues during the quarter, contributing to a six‑month total of A$5.885 million raised, and ended the period with A$4.701 million in cash and cash equivalents, underscoring its continued reliance on equity funding to support an intensive exploration program and maintain liquidity for its ongoing projects.

The most recent analyst rating on (AU:SKY) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Sky Metals Limited stock, see the AU:SKY Stock Forecast page.

More about Sky Metals Limited

Sky Metals Limited is an Australian-listed mining exploration company focused on identifying and advancing mineral deposits. As an exploration entity, its primary activities and expenditures revolve around exploration and evaluation of tenements rather than production, positioning the company in the early-stage resources sector where access to capital and prudent cash management are critical for ongoing project development.

Average Trading Volume: 1,272,914

Technical Sentiment Signal: Buy

Current Market Cap: A$127.8M

For a thorough assessment of SKY stock, go to TipRanks’ Stock Analysis page.

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