Tower Resources management commentary says nine-month operating expenses rise to CAD 609,653 on higher consulting, management fees and share-based compensation
Bitget2026/09/30 02:07- Tower Resources management commentary flagged higher spending as exploration accelerated in the nine months ended July 31, 2026.
- Exploration and evaluation asset expenditures rose to CAD 2.06 million from CAD 496,031, driven by Rabbit North drilling and related geology work.
- Operating expenses increased to CAD 609,653 from CAD 515,789, with changes concentrated in consulting, management fees, share-based compensation.
- Cash fell CAD 610,343 to CAD 1.82 million, mainly reflecting Rabbit North spending, partly offset by financings and warrant exercises.
- July financings raised CAD 1.72 million gross, including flow-through shares, while warrant exercises added CAD 327,960 in proceeds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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