Metal Bank Limited (AU:MBK) has released an update.
Metal Bank Limited reported a decrease in cash and cash equivalents after the latest quarter ending June 30, 2024, with a net cash outflow from operating activities of $135,000 and investing activities of $287,000, despite an influx from financing activities amounting to $2.621 million. The company has been actively investing in exploration and evaluation, with significant expenditures contributing to the cash outflows. This financial activity highlights the company’s ongoing commitment to growth and development within the mining and exploration sector.
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