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Native Mineral Resources Reports Quarterly Cash Flow with Strong Financing Influx

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Native Mineral Resources Reports Quarterly Cash Flow with Strong Financing Influx

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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) just unveiled an announcement.

Native Mineral Resources Holdings Ltd. reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $3.159 million, primarily due to costs associated with exploration, production, and administration. Despite these outflows, the company secured $10 million from equity securities issuance, resulting in a net cash inflow from financing activities of $9.833 million, which supports its ongoing exploration and development efforts.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Ltd. operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is engaged in activities related to the development and production of mineral assets, aiming to expand its presence in the market.

Average Trading Volume: 1,849,637

Technical Sentiment Signal: Sell

Current Market Cap: A$96.11M

Find detailed analytics on NMR stock on TipRanks’ Stock Analysis page.

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