Lake Resources N.L. (AU:LKE) has released an update.
Lake Resources N.L., a mining and exploration company, reported a challenging quarter with a net decrease in cash and cash equivalents of $1.2 million. Despite a net cash inflow from financing activities amounting to $13.4 million, the company faced significant cash outflows from both operating and investing activities, totaling over $10,000 and $4,000 respectively. Year-to-date figures indicate a more pronounced cash burn, with a net decrease of $46 million in cash and cash equivalents.
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