Orpheus Uranium Limited (ASX:ORP) Reports Quarterly Cash Flow
Quarterly Financial Overview
Orpheus Uranium Limited (ASX:ORP) reported a net cash outflow from operating activities of $478,000 for the quarter ended December 2024. Year-to-date, the company incurred a total operational cash outflow of $671,000.
The total cash receipts from operating activities remain at $0. Operating costs primarily consisted of staff and administration expenses amounting to $178,000 and $332,000 respectively.
Investing and Financing Activities
Investing activities resulted in a cash outflow of $138,000. Notable expenditures included $288,000 for exploration and evaluation activities. However, Orpheus Uranium generated $150,000 from the disposal of tenements.
On a positive note, financing activities yielded a net inflow of $1.56 million, primarily from the issuance of equity securities. After accounting for transaction costs, the company’s total net cash flow for the quarter was a decrease of $478,000.
Cash Position and Outlook
Cash and cash equivalents at the end of the period stood at $3.73 million, up from $2.79 million at the beginning of the quarter. The estimated cash available for future operations covers approximately 4.87 quarters of funding, indicating a healthy frontline for continuing operational activities.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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