Charger Metals NL (AU:CHR) has released an update.
Charger Metals NL reported a quarterly decrease in cash reserves due to significant investments in exploration and evaluation, despite earning from joint venture partner cash calls and earning-in considerations. The company also raised funds through equity securities, which helped offset the cash outflows. Overall, financing activities provided a net cash increase, mitigating the cash used in operations and investments over the past year.
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