Linear Minerals FY26 net loss narrows to $2.68 million
Reuters2026/08/12 10:15- Linear Minerals posted a net loss of $2.68 million for the year ended March 31, 2026, narrowing 19.01% from the prior year.
- Cash fell to $330,676 at March 31, 2026, from $951,807 a year earlier; working capital swung to a $657,582 deficit.
- Exploration and evaluation spending dropped 25.37% to $961,335; investor relations expense slid 87.97% to $39,874.
- Professional fees climbed 45.34% to $174,064, due to legal costs tied to a plan of arrangement.
- Management said additional financing is needed over the next 12 months; a proposed Critical Prospecting properties deal remains under negotiation.
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