TRUE NORTH COPPER LIMITED (ASX:TNC) Releases Quarterly Cash Flow Report
Financial Performance
TRUE NORTH COPPER LIMITED reported a net cash outflow from operating activities of $7.234 million for the current quarter, compared to $16.016 million for the first six months of the year.
Investing Activities
The company used $0.547 million in investing activities this quarter, down from $2.973 million year to date.
Financing Activities
Financing activities provided a net inflow of $22.651 million this quarter, contributing to the company’s cash and cash equivalents of $19.120 million at the end of the period.
Future Outlook
TRUE NORTH COPPER LIMITED stated it has funding available for 18 months to support its exploration programs at Mt Oxide and Cloncurry.
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