Native Mineral Resources Holdings Ltd. (AU:NMR) has released an update.
Native Mineral Resources Holdings Ltd. reported a net decrease in cash from operating activities amounting to $691,000 for the current quarter and $2,372,000 year-to-date, reflecting significant investments in exploration and staff costs. However, the company saw a positive cash flow from financing activities, bringing in $1,073,000 for the quarter and $2,550,000 over nine months, primarily through equity securities and convertible debt securities. This financing success helped offset operational expenditures, contributing to a net increase in cash and cash equivalents for the period.
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