Orion Minerals Limited (AU:ORN) has released an update.
Orion Minerals Ltd reported a significant increase in cash flow from financing activities, amounting to $10,519,000 for the current quarter, bolstering their financial position despite operating and investing activities leading to a net cash outflow. The company’s cash and cash equivalents saw an overall increase, with a closing balance advantageous to future operations and investments. These financial movements reflect Orion’s strategic efforts in managing capital and advancing their exploration endeavors.
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