middle.news
Empire Energy Navigates $14M Cash Outflow Amid $54M Funding Buffer
8:59am on Tuesday 28th of January, 2025 AEDT
•
Mining
Read Story
Empire Energy Navigates $14M Cash Outflow Amid $54M Funding Buffer
8:59am on Tuesday 28th of January, 2025 AEDT
Key Points
Quarterly cash outflow of $14.2 million primarily from exploration and evaluation
Cash and cash equivalents at $25.6 million at quarter-end
Unused financing facilities of $28.3 million with Macquarie Bank
Estimated 3.7 quarters of funding available based on current cash burn
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
EEG
OPEN ARTICLE