Mont Royal Resources Ends Quarter Financially Strong

Mont Royal Resources Ltd. (AU:MRZ) has released an update.

Mont Royal Resources Limited reported a net increase in cash and cash equivalents with a positive cash flow from operating activities amounting to $802,000 for the current quarter, bolstered by significant government grants and tax incentives. However, the company faced a cash outflow from investing activities totaling $210,000, primarily due to exploration and evaluation costs, while financing activities added another $2,042,000 to their cash reserves over the 12-month period.

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