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THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES HONG KONG, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Century Global Commodities Corporation (“Century” or the “Company”) (TSX: CNT) is pleased to announce that it has filed its condensed consolidated interim financial statements for the second fiscal quarter ended September 30, 2023 and the related management discussion and analysis (“MD&A”). Copies of these documents are available under Century's SEDAR+ profile at www.sedarplus.ca and will also be posted on Century's website at www.centuryglobal.ca.
Century Global Commodities Corporation has released interim financial statements for its fiscal first quarter, the company announced. As of June 30, the company had net working capital of $7.6 million.
Century Global Commodities Corp (TSX:CNT) said it finished its fiscal third quarter with strong net working capital of $9.4 million. The company, which is advancing the Joyce Lake direct shipping iron ore project (DSO) in Newfoundland and Labrador, said that the amount consists of cash, bank deposits and marketable securities totaling $6.5 million, together with accounts receivables and other current assets of $5.6 million.
Century Global Commodities Corp (TSX:CNT) said it finished its fiscal 2Q with a strong net working capital of $9.9 million. The company, which is advancing the Joyce Lake direct shipping iron ore project (DSO) in Newfoundland and Labrador, said that the amount consists of cash, bank deposits and marketable securities totaling $7.4 million, together with accounts receivables and other current assets of $5.0 million.
Century Global Commodities Corp (TSX:CNT), which controls some of the largest iron ore resources in Canada, said that its flagship Joyce Lake direct shipping iron ore (DSO) project in Newfoundland and Labrador, close to Schefferville, in Québec has achieved an environmental milestone. The Hong Kong-based company said the Impact Assessment Agency of Canada (IAAC) has communicated the outcome of a conformity review of the draft Environmental Impact Statement (EIS) for the Joyce Lake DSO project through a letter dated November 7, 2022.
Century Global Commodities Corp (TSX:CNT), along with its 91.6%-owned Joyce Direct Iron Inc (JDI) subsidiary, have announced feasibility study (FS) results for the Joyce Lake Direct Shipping Iron Ore (DSO) project at the Attikamagen property in Labrador. “I am pleased with the feasibility study results at an initial capital cost of C$270.4 million, generating after-tax NPV (net present value) of C$184.6 million and after-tax IRR (internal rate of return) of 20.01%, which provide the foundation for our further advancement of the development of the project,” Century Global Commodities CEO Sandy Chim said in a statement.
Century Global Commodities Corporation said it has filed financial results for its fiscal first quarter ended June 30, 2022. Notably, as of June 30, 2022, the company reported working capital of $10.2 million, consisting of cash, bank deposits and marketable securities of $8.2 million, accounts receivables and other assets of $4.5 million, and current liabilities of $2.5 million.
Century Global Commodities Corp (TSX:CNT) wrapped up its 2022 financial year with a working capital balance of C$11.3 million, according to its year-end statements. The Canadian company, which is advancing the Joyce Lake iron ore project in Newfoundland, said that the working capital consisted of cash, bank deposits and marketable securities totaling C$10.3 million, together with accounts receivables and other current assets of C$3.5 million, less accounts payable and other current liabilities of C$2.5 million.
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