Atrum Coal Reports Quarterly Cash Flows

Atrum Coal Ltd (AU:ATU) has released an update.

Atrum Coal Limited’s latest quarterly cash flow report indicates a net operating cash outflow of $1.27 million for the current quarter, with significant expenses in exploration, evaluation, and administration, including legal fees. Despite these outflows, the company secured $2.75 million from equity financing activities, leading to a net inflow of $2.43 million. The report highlights expenditures on lease renewals for the Groundhog & Panorama projects and litigation costs with the Government of Alberta.

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