Sky Metals Limited (AU:SKY) has released an update.
Sky Metals Limited has reported a challenging quarter, with cash outflows from operating and investing activities totaling $284,000 and $287,000 respectively. However, the company’s financial position was bolstered by significant financing activities, bringing in $3.357 million, leading to an overall increase in cash and cash equivalents. This financial activity indicates a strategic push in their exploration endeavors despite operational costs.
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