XTC Lithium Strengthens Cash Position

Xantippe Resources Limited (AU:XTC) has released an update.

XTC Lithium Ltd reported a net increase in cash and cash equivalents for the quarter ending September 30, 2023, despite experiencing net cash outflow from operating and investing activities. This was offset by a substantial net cash inflow from financing activities, largely due to proceeds from equity securities and borrowings. The company’s financial position appears to be strengthened by these latest cash flow figures.

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