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Century Announces Filing of Second Quarter Financial Results and Management Discussion and Analysis for the Six Months Ended September 30, 2025
Globenewswire· 2025-11-11 13:00
Core Viewpoint - Century Global Commodities Corporation has filed its condensed consolidated interim financial statements for the second fiscal quarter ended September 30, 2025, indicating ongoing efforts in resource exploration and development [2][3]. Financial Performance - As of September 30, 2025, the company reported unrestricted free cash, bank deposits, and marketable securities totaling $3.4 million, a decrease from $4.2 million as of March 31, 2025 [3]. - The net working capital stood at $5.6 million, down from $6.0 million as of March 31, 2025, which is deemed sufficient for covering near-term administrative and basic mineral property development expenses [3][8]. Company Overview - Century Global Commodities Corporation is primarily engaged in resource exploration and development, with a significant portfolio of multi-billion tonne iron ore projects in Canada, alongside non-ferrous metals properties and a food distribution business in Hong Kong [4][6]. - The Joyce Lake Direct Shipping Iron Ore Project is the company's most advanced project, located in Newfoundland and Labrador, and is currently undergoing environmental assessment after completing an updated feasibility study in 2022 [5]. 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 [6].