Neometals Ltd (AU:NMT) has released an update.
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Neometals Ltd experienced a net cash outflow of $2,001,000 for the quarter ending September 2024, primarily due to significant investments in exploration and joint ventures. Despite this, the company successfully raised $4,488,000 through equity securities, offsetting operational and investment costs. Investors in the financial markets may find Neometals’ strategic investments and financing activities indicative of its growth ambitions.
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