Vulcan Energy Resources Ltd. (AU:VUL) has released an update.
Vulcan Energy Resources Limited reported significant investment activities in its latest quarterly cash flow report, with a net cash outflow of €22,438,000 attributed to property, plant, and equipment acquisitions, and exploration costs. Despite operational cash outflows (€3,663,000 for the quarter), the company secured €40,000,000 from equity issuances, netting a positive cash flow from financing activities. The report highlights Vulcan’s focus on expanding its asset base and advancing the Zero Carbon Lithium™ Project, marked by substantial capital expenditures and financing costs.
For further insights into AU:VUL stock, check out TipRanks’ Stock Analysis page.
