Tlou Energy Reports Cash Outflow Amid Exploration Costs

Tlou Energy Ltd. (AU:TOU) has released an update.

Tlou Energy Ltd. reported a cash outflow from operating and investing activities, with expenses outweighing the proceeds from financing in the quarter ending September 2024. The company spent significantly on exploration and evaluation, leading to a net decrease in cash and cash equivalents. Despite raising funds through equity securities, Tlou Energy ended the period with reduced cash reserves.

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