Core Viewpoint - Abcourt Mines Inc. reported significant financial results for the fourth quarter and year ended June 30, 2025, highlighting increased exploration expenditures and a notable improvement in working capital, while still facing a net loss for the year [1][2][7]. Financial Summary - Revenues for the year ended June 30, 2025, were $0, compared to $255,000 in 2024 [2]. - Administration expenses decreased slightly to $3,657,276 in 2025 from $3,762,272 in 2024 [2]. - Care and maintenance costs increased to $3,350,461 in 2025 from $2,702,092 in 2024 [2]. - Exploration expenses surged to $8,322,676 in 2025, up from $4,682,988 in 2024, reflecting significant work on the Sleeping Giant and Flordin properties [2][7]. - The net loss for the year was $14,421,015, compared to a loss of $11,585,571 in 2024 [2]. - Cash reserves improved to $2,578,587 in 2025 from $757,753 in 2024 [2]. - Total assets increased to $21,408,153 in 2025, up from $14,063,983 in 2024 [2]. - Non-current liabilities rose to $14,175,891 in 2025 from $12,261,315 in 2024 [2]. - Shareholders' equity improved to -$599,534 in 2025 from -$6,284,136 in 2024 [2]. - Working capital turned positive at $2,952,725 in 2025, compared to negative working capital of -$4,947,411 in 2024 [2][7]. Operational Highlights - The President and CEO noted that fiscal 2025 was significant for exploration achievements at the Sleeping Giant and Flordin properties, with plans to move into development mode following financing completed in July 2025 [3]. - Preparations for production at the Sleeping Giant property began in August 2025, indicating a shift towards operational development [3]. Company Overview - Abcourt Mines Inc. is a Canadian gold company focused on developing the Sleeping Giant mine and exploring other properties in northwestern Quebec [6]. - The company owns 100% of the Sleeping Giant mine and mill, as well as the Flordin exploration property [6].