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Freehill Mining Secures $1.2M Funding Boost Amid Tight Cash Runway

4:18am on Monday 2nd of June, 2025 AEST Mining
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Freehill Mining Secures $1.2M Funding Boost Amid Tight Cash Runway

4:18am on Monday 2nd of June, 2025 AEST
Key Points
  • Net cash used in operating activities of A$51,000 for the quarter
  • Cash and equivalents at quarter-end stood at A$53,000
  • Short-term interest-free loans from related parties total A$62,000
  • Entered long-term lease in Chile to scale processing and improve margins
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