Century Global has cash of $3.4-million at Sept. 30

Executive Summary

• Century Global Commodities Corp. has filed its condensed consolidated interim financial statements and Management’s Discussion and Analysis (MD&A) for the second fiscal quarter and six months ended September 30, 2025.
• The company reported unrestricted free cash, bank deposits, and marketable securities totaling $3.4 million as of September 30, 2025, down from $4.2 million at March 31, 2025.
• Net working capital stood at $5.6 million as of September 30, 2025 (down from $6.0 million at March 31, 2025), which management states is adequate to cover near-term administrative and basic mineral property development expenses.
• The company continues to seek additional funding to complete the development of its projects, specifically the Joyce Lake iron ore project.

Key Details

• Financial Position (Sept 30, 2025):
  • Unrestricted free cash, bank deposits, and marketable securities: $3.4 million (vs. $4.2 million at March 31, 2025).
  • Net working capital: $5.6 million (vs. $6.0 million at March 31, 2025).
• Project Updates:
  • Joyce Lake Project: Located in Newfoundland and Labrador, this is an open-pit direct shipping iron ore project near Schefferville, Quebec. It is serviced by a rail link to ocean shipping ports at Sept-Iles. The project completed an updated feasibility study in 2022 and is currently undergoing environmental assessment. Century owns 89.8% of Joyce Direct Iron Inc. (JDI), the special purpose vehicle holding the project.
  • Century Food: A subsidiary operating a value-adding marketing and distribution business for quality food products sourced from Europe and Australia for the Hong Kong and Macau markets. Established in 2015 to generate profit and cash to supplement the metals business.
• Strategic Outlook: The company remains a resource exploration and development company with a portfolio of multibillion-tonne iron ore projects in Canada and non-ferrous metals properties. It is actively seeking additional funding to advance project development.

Notable Quotes

• "As of Sept. 30, 2025, the company had unrestricted free cash, bank deposits and marketable securities totalling $3.4-million... and a net working capital of $5.6-million... which is adequate to cover near-term continuing administrative and basic mineral properties development expenses."
• "As a resource exploration and development company, the company continues to seek additional funding to complete development of its projects."