ADX Energy Ltd Quarterly Cashflow Report - June 2026
Key points
- Net cash used in operating activities was $1,233,000 for the quarter
- Total cash and cash equivalents at end of the quarter were $2,196,000
- ADX Energy Ltd announced a capital raise of $3.58 million to fund operations
- The company expects to continue operations based on funds raised in July
Full summary
ADX Energy Ltd released its Quarterly Cashflow Report for June 2026, detailing its financial activities. The company reported a net cash outflow of $1.23 million from operating activities, resulting in total cash and cash equivalents of $2.20 million at the end of the quarter. ADX Energy Ltd has announced a capital raise of $3.58 million to fund ongoing operations. The company expects to continue its operations based on the funds raised in July 2026. The report also highlights the company's financing facilities, including a $750,000 unsecured loan with interest rates of 10% and 14%, repayable by September 2027.
Guidance
Net cash used in operating activities: $1,233,000 for the quarter; Cash and cash equivalents: $2,196,000 at quarter end
Outlook
ADX Energy Ltd plans to raise $3.58 million to fund operations, expecting to continue its business objectives based on the funds raised.
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