tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Waratah Minerals Boosts Cash Reserves Through Equity Raising Despite Exploration Outflows

Story Highlights
  • Waratah Minerals recorded A$4.25 million in operating cash outflows, mainly from exploration and corporate costs.
  • Strong equity raisings delivered A$16.98 million net, increasing Waratah’s cash balance to A$28.63 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Waratah Minerals Boosts Cash Reserves Through Equity Raising Despite Exploration Outflows

Claim 50% Off TipRanks Premium

An update from Battery Minerals Ltd. ( (AU:WTM) ) is now available.

Waratah Minerals Limited reported its quarterly cash flow for the period ended 31 December 2025, showing net operating cash outflows of A$4.25 million driven primarily by exploration and evaluation expenditure and administration costs, and modest investing outflows largely related to property, plant and equipment. The company strengthened its liquidity position through significant equity raisings, generating A$16.98 million in net cash from financing activities for the quarter and lifting its cash balance from A$16.10 million to A$28.63 million, indicating continued investor support for its exploration strategy despite ongoing negative operating cash flow typical of early-stage resource companies.

The most recent analyst rating on (AU:WTM) stock is a Sell with a A$0.55 price target. To see the full list of analyst forecasts on Battery Minerals Ltd. stock, see the AU:WTM Stock Forecast page.

More about Battery Minerals Ltd.

Waratah Minerals Limited is a mining exploration entity listed on the ASX, focused on mineral exploration and evaluation activities rather than production, with spending directed toward exploration programs, corporate administration, and supporting infrastructure and equipment.

Average Trading Volume: 800,369

Technical Sentiment Signal: Buy

Current Market Cap: A$180.9M

See more data about WTM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1