last chance to exit?, page-30

Right. So the 26th Feb announcement says that the money will be used to provide additional working capital to support the continued development of the Texas silver mine's operations.

The announcements about the extra $2.5m are also for working capital for the mine.

So the company has raised $5m for working capital. That implies that they are expecting operations to be cash negative by a sum approaching that amount, before they become cash positive!