Tamboran Resources Bolsters Cash Balance

Tamboran Resources Limited (AU:TBN) has released an update.

Tamboran Resources Corporation reports a net increase in cash and cash equivalents for the period ending June 2024, with significant proceeds from issues of equity securities offsetting operational and investing outflows. The company saw no income from customer receipts, substantial expenses in exploration and evaluation, and staff costs, but managed to bolster finances through equity financing, resulting in a positive cash balance by the end of the quarter.

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