RE:Funding Gaps—Red Flag or Growing Pains?MH44, not sure where you see $700K in new found money, as I see -
As at September 30, 2024, the Company had a total of $21,658 in cash and $2,293 in investments to settle current liabilities of $11,977,806. The Company believes that its cash position and investments in marketable securities will not provide adequate liquidity to meet all of the Company’s financial obligations and continue its planned exploration activities for at least the next twelve months (see note 1). The Company anticipates completing additional financing to improve its liquidity.
Hope they have a few irons already in the fire ;)
Found this interesting:
Three Months Ended Nine Months Ended September 30, 2024
General and administrative (notes 13 and 14) $ 471,331