Century Global Commodities Corporation filed audited financial statements with net working capital of $6.1 million.

From GlobeNewswire: 2024-06-26 08:00:00

Century Global Commodities Corporation announced the filing of its audited financial statements for the year ended March 31, 2024. The Company had net working capital of $6.1 million as of March 31, 2024. Century is primarily a resource exploration company with iron ore projects in Canada and a food distribution business in Hong Kong.

The Joyce Lake Direct Shipping Iron Ore Project is a key project for Century, with an updated feasibility study completed in 2022. The project is in Newfoundland and Labrador, with a rail link to shipping ports. Century Food, a subsidiary, distributes quality food products in Hong Kong and Macau and was established in 2015.

Financial measures used by Century are non-IFRS measures. Net working capital as of March 31, 2024, was $6,103,743. Forward-looking information in the press release includes details about the completion of the rights offering, development of the Joyce Lake Project, and listing of common shares on an exchange. Risks associated with the business are outlined in the Annual Information Form.



Read more at GlobeNewswire:: Century Announces Filing of March 31, 2024 Year End