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Breakthrough Mineral Secures Funding Amid Strategic Cost Cuts and Exploration Push

5:57pm on Sunday 1st of June, 2025 AEST Mining
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Breakthrough Mineral Secures Funding Amid Strategic Cost Cuts and Exploration Push

5:57pm on Sunday 1st of June, 2025 AEST
Key Points
  • Net cash outflow from operations and investing activities totaling $551,000
  • Raised $847,000 from equity issuance, netting $794,000 after costs
  • Cash reserves at quarter end stand at $998,000, supporting 1.8 quarters of funding
  • Board and management changes led to reduced corporate and administrative expenses
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