Atrum Coal Ltd (AU:ATU) has released an update.
Atrum Coal Limited reports a net cash outflow of $1,393k from operating activities and a significant cash inflow from financing activities amounting to $2,431k for the quarter ending 31 March 2024, driven by a successful equity entitlement issue. The company has been managing expenditures tied to exploration projects and a litigation case with the Government of Alberta, while also successfully raising capital through the issuance of new shares.
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