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Genmin Limited Faces Funding Crunch Amid $2.88M Quarterly Cash Outflow

6:00pm on Sunday 1st of June, 2025 AEST Mining
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Genmin Limited Faces Funding Crunch Amid $2.88M Quarterly Cash Outflow

6:00pm on Sunday 1st of June, 2025 AEST
Key Points
  • Quarterly operating cash outflow of $2.88 million
  • Cash balance at quarter end of $2.38 million
  • Extraordinary $1.1 million payments for prior trade payables
  • Cost-reduction review underway to extend funding runway
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