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Waratah Minerals Reports Strong Financing Cash Inflow Amid Operational Outflows

Story Highlights
  • Waratah Minerals reported a $2.011 million operating cash outflow mainly from exploration and evaluation costs.
  • The company achieved a $2.314 million financing cash inflow due to equity securities issuance.
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Waratah Minerals Reports Strong Financing Cash Inflow Amid Operational Outflows

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Battery Minerals Ltd. ( (AU:WTM) ) has shared an update.

Waratah Minerals Limited, a mining exploration entity, has reported its quarterly cash flow for the quarter ending December 31, 2024. The company experienced an operating cash outflow of $2.011 million, primarily due to exploration and evaluation costs and administration expenses, while generating a net cash inflow of $2.314 million from financing activities, reflecting strong support from equity securities issuance. The overall cash balance increased, highlighting effective financial management despite operational cash challenges.

More about Battery Minerals Ltd.

YTD Price Performance: -3.23%

Average Trading Volume: 257,368

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$30.36M

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

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