Charger Metals Shows Resilience Amid Cash Flow Challenges

Charger Metals NL (AU:CHR) has released an update.

Charger Metals NL reported a decrease in cash flow from operations, with the company using $394,000 in the recent quarter, primarily due to staff and administrative costs. However, the firm saw a modest increase in cash from investing activities, thanks to a $607,000 joint venture cash call, resulting in a net positive cash flow of $78,000 from investing. Despite the operating cash outflow, Charger Metals remains active in its exploration and evaluation efforts.

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