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Quadrise Fuels extends cash resources to mid-Q2 next year as progress is made in Morocco

Quadrise Fuels International's (LON:QFI) Mike Kirk tells Proactive London's Andrew Scott they've been able to find an additional £500k or so of additional cost savings which allows them to extend its cash runway to mid-Q2 next year.

''This is a significant development for us given the impact of COVID-19 on some of our operations ... it's enabling us to have a lot more runway to actually deliver these projects to a level where investors can feel comfortable that substantive progress is being made''.

Quick facts: Quadrise Fuels International PLC

Price: 2 GBX

LSE:QFI
Market: LSE
Market Cap: £21.55 m
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