Century Announces Filing of First Quarter Financial Results and Management Discussion and Analysis for the Three Months Ended June 30, 2025

Company Overview - Century Global Commodities Corporation is primarily a resource exploration and development company with a significant portfolio of multi-billion tonne iron ore projects in Canada, along with non-ferrous metals properties and a food distribution business in Hong Kong [3]. Financial Performance - As of June 30, 2025, the company reported unrestricted free cash, bank deposits, and marketable securities totaling $3.0 million, a decrease from $4.2 million as of March 31, 2025. The net working capital was $5.7 million, down from $6.0 million [2][7]. Key Projects - The Joyce Lake Direct Shipping Iron Ore Project is the company's most advanced project, located in Newfoundland and Labrador. It has completed an updated feasibility study in 2022 and is currently undergoing environmental assessment. Century owns 89.8% of this project through a special purpose vehicle, Joyce Direct Iron Inc. [4]. Subsidiary Operations - Century Food, a subsidiary of the company, operates a marketing and distribution business for quality food products sourced from Europe and Australia, targeting the Hong Kong and Macau markets. This subsidiary was established to generate profit and cash flow to support the metals business [5].