Askari Metals Limited (AU:AS2) has released an update.
Askari Metals Limited reported a challenging quarter with net cash used in operating activities totaling $179,000, and investment activities resulting in an outflow of $435,000. However, the company managed to raise $1,003,000 from financing activities, leading to a net increase in cash and cash equivalents. This financial maneuvering reflects Askari Metals’ strategic efforts to maintain liquidity and fund its exploration endeavors.
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