NickelSearch Ltd. (AU:NIS) has released an update.
NickelSearch Limited, a mining and exploration company, reported a net cash outflow from operating and investing activities, totaling $868,000 and $2,034,000 respectively over nine months, as per their latest quarterly cash flow report. However, the company managed to offset these outflows with a significant $3,448,000 net inflow from financing activities, mainly through equity issuance. The financing activities led to an overall increase in cash and cash equivalents for the period, indicating a strategic focus on maintaining liquidity through capital markets.
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