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Empire Energy Navigates $14M Cash Outflow Amid $54M Funding Buffer
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Empire Energy Navigates $14M Cash Outflow Amid $54M Funding Buffer
7:03pm on Monday 2nd of June, 2025 AEST
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
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