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Breakthrough Mineral Secures Funding Amid Strategic Cost Cuts and Exploration Push
5:09pm on Friday 31st of January, 2025 AEDT
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Mining
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Breakthrough Mineral Secures Funding Amid Strategic Cost Cuts and Exploration Push
5:09pm on Friday 31st of January, 2025 AEDT
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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Breakthrough Minerals (ASX:BTM)
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