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Genmin Faces Acute Liquidity Crunch, Moves to Secure New Funding
8:25am on Thursday 31st of July, 2025 AEST
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Mining
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Genmin Faces Acute Liquidity Crunch, Moves to Secure New Funding
8:25am on Thursday 31st of July, 2025 AEST
Key Points
Net cash used in operating activities reached USD 4.86 million for the quarter
Cash and equivalents dwindled to just USD 56,000 at quarter-end
Unsecured loans totaling AUD 5.5 million from related parties underpin working capital
Company plans to raise additional funds via loan amendments and convertible notes
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