Debt-free Balance SheetWith no reported debt and ~19.9M in equity, the company’s conservative capitalization reduces refinancing and interest-rate risk and provides durable financial flexibility. This supports sustained exploration spending and optionality over the next 2–6 months without immediate liquidity pressure.
Positive TTM Free Cash FlowTTM free cash flow turned positive (~$0.32M), signaling improved cash conversion and tighter capital discipline versus prior periods. For an exploration-stage miner, this provides a meaningful buffer to fund near-term programs and reduces immediate reliance on external financing if the trend holds.
Narrowing Net LossesTTM net loss narrowed to about -$1.75M from a much larger 2024 loss, indicating operational progress and cost control. A sustained trend toward smaller losses increases the odds management can extend the cash runway organically and execute on exploration milestones with less dilution.