True North Copper (AU:TNC) has released an update.
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True North Copper Limited has reported a significant cash outflow in its latest quarterly cash flow report, with net cash used in operating activities and investing activities amounting to $6,052,000 and $5,578,000, respectively, for the current quarter. Despite these outflows, the company’s financing activities provided a net cash inflow of $24,042,000 for the quarter, driven primarily by proceeds from equity securities issuances.
For further insights into AU:TNC stock, check out TipRanks’ Stock Analysis page.