Tombador Iron Ltd. (AU:TI1) has released an update.
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Tombador Iron Ltd., an Australian mining company, has reported a positive cash flow with an increase of AUD$412K for the quarter ending June 2024, bolstering cash holdings to AUD$10.84m after selling its main asset, the Tombador Iron Project in Brazil. The company is actively engaging in due diligence for potential new acquisitions and has no bank loans, maintaining a strong financial position as it explores options for relisting.
For further insights into AU:TI1 stock, check out TipRanks’ Stock Analysis page.
