Latest news with #RouynNoranda
Yahoo
23-05-2025
- Business
- Yahoo
Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
ROUYN-NORANDA, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ('Abcourt' or the 'Corporation') (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the third quarter ended March 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results (In dollars) Three months endedMarch 31 Nine months endedMarch 31 2025 2024 2025 2024 Revenues – – – 255,000 Administration expenses 1,068,917 776,367 2,499,582 2,657,981 Care and maintenance 692,919 231,541 2,743,950 2,031,082 Exploration expenses 4,063,635 1,765,615 6,118,177 4,043,679 Settlement of litigation with Revenu Québec – – (1,452,757 ) – Deferred income and mining taxes (1,100,000 ) – (1,273,000 ) (170,712 ) Net loss and comprehensive loss (5,466,608 ) (2,892,142 ) (9,756,976 ) (8,692,837 ) Net loss per share, basic and diluted (0.01 ) (0.01 ) (0.01 ) (0.02 )(In dollars) March 31, 2025 June 30, 2024 Cash 937,733 757,753 Total assets 16,493,159 14,063,983 Non-current liabilities 12,908,748 12,261,315 Shareholders' equity (3,447,876 ) (6,284,136 ) Working capital (non-IFRS measurement) * (2,172,892 ) (4,947,411 ) * Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section "Non-IFRS Measure". Abcourt has achieved a significant improvement in its working capital for the period ended March 31, 2025, with a negative working capital of $2,172,892, compared to negative working capital of $4,947,411 as at June 30, 2024. Non-IFRS Measure This press release presents working capital as a performance measure which is non-International Financial Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides investors with an improved ability to evaluate the performance of the Corporation. Non-IFRS measures do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be comparable to similar measures employed by other companies. This data may not be comparable to data presented by other companies. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS. The Corporation determines working capital as follows: current assets less current liabilities. Abcourt Mines Inc. Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant mine and mill and the Flordin exploration property, where it focuses its operations. For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on Pascal Hamelin Dany Cenac Robert, Investor Relations President and Chief Executive Officer Reseau ProMarket Inc., T : (819) 768-2857 T : (514) 722-2276, poste 456 Email : phamelin@ Email : FORWARD-LOOKING STATEMENTS Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Globe and Mail
22-05-2025
- Business
- Globe and Mail
More Visible Gold on Globex's Kewagama Royalty Claims
ROUYN-NORANDA, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Radisson Mining Resources Inc. (RDS-TSXV) has announced that they are expanding their 22,000 metre 2025 drill program by an additional 18,000 metres. Drilling will be focused on the O'Brien Mine as well as the East O'Brien area of the New Mineral Resource to a depth of up to 2 kilometres. Globex holds a 2% Net Smelter Royalty on the Kewagama Gold Mine portion of the East O'Brien area on which previous and current drilling has intersected high-grade gold values and visible gold. Visual free gold was reported in Radisson's recent press release dated May 21, 2025 and long-section reproduced below. (Holes OB-24-363 and OB24-361). Pilot hole and wedge clusters in the O'Brien Mine and East O'Brien Areas in the west to and Trend #3 in East O'Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending. - Radisson Mining Resources Inc. Globex also holds a 1% NSR on the New Alger Gold Mine (also called Thompson Cadillac) portion of Radisson's West O'Brien project holdings. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, President & CEO Globex Mining Enterprises Inc. 86, 14 th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on
Yahoo
22-05-2025
- Business
- Yahoo
More Visible Gold on Globex's Kewagama Royalty Claims
ROUYN-NORANDA, Quebec, May 22, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that Radisson Mining Resources Inc. (RDS-TSXV) has announced that they are expanding their 22,000 metre 2025 drill program by an additional 18,000 metres. Drilling will be focused on the O'Brien Mine as well as the East O'Brien area of the New Mineral Resource to a depth of up to 2 kilometres. Globex holds a 2% Net Smelter Royalty on the Kewagama Gold Mine portion of the East O'Brien area on which previous and current drilling has intersected high-grade gold values and visible gold. Visual free gold was reported in Radisson's recent press release dated May 21, 2025 and long-section reproduced below. (Holes OB-24-363 and OB24-361).Pilot hole and wedge clusters in the O'Brien Mine and East O'Brien Areas in the west to and Trend #3 in East O'Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending. - Radisson Mining Resources Inc. Globex also holds a 1% NSR on the New Alger Gold Mine (also called Thompson Cadillac) portion of Radisson's West O'Brien project holdings. This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, & CEOGlobex Mining Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242Fax: 819.797.1470 info@ Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
