Balance Sheet StrengthZero reported debt and a meaningful equity cushion materially reduce refinancing and credit risk, giving the company durable financial flexibility to fund exploration, operational needs or opportunistic investments over the next several quarters without immediate external financing.
Improved Cash GenerationA shift to positive operating and free cash flow in FY2025 indicates the business can currently convert activity into cash. If sustained, this improves self-funding capacity, lowers reliance on capital markets, and supports longer-term operational continuity and reinvestment.
Revenue ReinstatementResuming revenue after prior zero-revenue years demonstrates commercial traction or restart of production activities. Even modest recurring revenue provides a foundation to scale operations, improve fixed-cost absorption, and work toward consistent margin improvement over 2–6 months.