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Ark Mines Faces Cash Crunch, Plans Capital Raise to Sustain Operations
11:54am on Friday 31st of January, 2025 AEDT
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Mining
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Ark Mines Faces Cash Crunch, Plans Capital Raise to Sustain Operations
11:54am on Friday 31st of January, 2025 AEDT
Key Points
Negative operating cash flow of $779,000 for the quarter
Cash reserves declined to $207,000 by quarter-end
No proceeds from equity or convertible securities issued during the quarter
Borrowings repaid and new borrowings of $350,000 recorded
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Ark Mines (ASX:AHK)
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