Debt-free Balance SheetA zero-debt position with positive equity gives Eskay structural financial flexibility: lower fixed financing costs and reduced default risk. Over the next several months this supports the ability to pursue option/JV discussions or staged exploration without immediate debt servicing pressure.
Improving Cash Flow TrendsRecent shift to positive TTM operating and free cash flow signals improving capital discipline and smaller near-term funding needs. While amounts are small and volatile, the trend supports incremental project activity and reduces the pace of external financing required over the coming months.
Flexible Monetization ModelAs an exploration-stage company, Eskay can structurally de-risk projects by farming out, selling interests, or attracting partners to fund drilling. These industry-standard pathways provide durable options to advance assets while limiting capital intensity and preserving cash runway.