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Horizon Minerals Secures US$5M Convertible Loan Amid Tight Cash Flow
5:39am on Monday 2nd of June, 2025 AEST
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Horizon Minerals Secures US$5M Convertible Loan Amid Tight Cash Flow
5:39am on Monday 2nd of June, 2025 AEST
Key Points
A$7.48 million net cash outflow from operating activities in Q1 2025
Cash balance of A$5.999 million at quarter-end
Fully drawn US$5 million Nebari Convertible Loan Facility with 7% coupon
Estimated funding runway of only 0.74 quarters based on current outgoings
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Horizon Minerals (ASX:HRZ)
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