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Mindax Raises $7.75M, Secures Nearly Six Quarters of Funding Amid Exploration Spend
4:17am on Monday 2nd of June, 2025 AEST
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Mining
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Mindax Raises $7.75M, Secures Nearly Six Quarters of Funding Amid Exploration Spend
4:17am on Monday 2nd of June, 2025 AEST
Key Points
Raised $7.75 million from equity issuance in Q1 2025
Net cash used in operating activities totaled $785,000 for the quarter
Investing activities consumed $2.56 million, primarily on exploration and evaluation
Cash and cash equivalents ended at $5.94 million
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Mindax (ASX:MDX)
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