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Clean TeQ Holdings Reports Negative Cash Flow of $17.71m for the March 2019 Quarter

14 May 2019  |  17:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: March Quarterly Activities and Cash Flow Report

Clean TeQ Holdings reported negative cash flow of $17.71m for quarter ended 31 March 2019. Operating cash flow for the period was $(2.09m). Investing cash flow was $(15.55m). Financing cash flow was $(66,000). Cash in hand at the end of the quarter was $99.71m. The Company advised that construction and commissioning of three commercial-scale ion-exchange metal recovery and water purification plants nearing completion in DRC, Australia and Oman. The Company also noted that market conditions remain favourable for EV battery materials - nickel was the best performing base metal on the LME in Q1 2019.

Consolidated Statement of Cash Flow for the Quarter ended 31 March 2019

Current Quarter $A'000- 31 March 2019 Year to Date $A'000-9 Months
Net Operating Cash Flows (2,088) (11,861)
Net Investing Cash Flows (15,555) (41,340)
Total Operating and Investing Cash Flows (17,643) (53,201)
Net Financing Cash Flows (66) 278
Net Increase (Decrease) in Cash Held (17,709) (52,923)
Cash at Beginning of Quarter/Year to Date 117,423 152,637
Cash at End of Quarter 99,714 99,714
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