Original News Release
Century Global has cash of $3.4-million at Sept. 30
Mr. Sandy Chim reports
CENTURY ANNOUNCES FILING OF SECOND QUARTER FINANCIAL RESULTS AND MANAGEMENT DISCUSSION AND ANALYSIS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2025
Century Global Commodities Corp. has filed its condensed consolidated interim financial statements for the second fiscal quarter ended Sept. 30, 2025, and the related management discussion and analysis (MD&A). Copies of these documents are available under Century's SEDAR+ profile and will also be posted on Century's website.
As of Sept. 30, 2025, the company had unrestricted free cash, bank deposits and marketable securities totalling $3.4-million (March 31, 2025: $4.2-million) and a net working capital of $5.6-million (March 31, 2025: $6.0-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.
About Century Global Commodities Corp.
Century Global Commodities is primarily a resource exploration and development company with a large portfolio of multibillion-tonne iron ore projects in Canada, mostly discovered by its own exploration team. It has other non-ferrous metals properties under exploration as well as a well-established food distribution business (Century Food) in Hong Kong.
The Joyce Lake direct shipping iron ore project
Joyce Lake, the company's most advanced project, is an open pit direct shipping iron ore project in Newfoundland and Labrador, close to the town of Schefferville, Quebec, which is serviced by a rail link directly to ocean shipping iron ore ports at Sept-Iles. The project has completed an updated feasibility study in 2022 and is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron Inc. (JDI), in which Century owns 89.8 per cent.
Century Food
Century Food is a subsidiary of the company operating a value-adding marketing and distribution business of quality food products sourced from such high-quality regions as Europe and Australia for the Hong Kong and Macau markets. It was created as a counter-cyclical business at the bottom of the Super Cycle in 2015 to generate profit and cash to supplement the metals business.
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