From GlobeNewswire: 2024-11-21 16:30:00

Abcourt Mines Inc. announced financial results for the first quarter ended September 30, 2024, with exploration work totaling $2,603,486 mainly on the Sleeping Giant property. They completed 1,127 meters of drilling and reported highlights of gold findings. Sales of approximately 189 ounces of gold were made during the quarter.

In terms of financials, Abcourt closed a private placement of 112,500,000 units at $0.04 per unit, raising $4,500,000. They reported a net loss of $1,839,901 for the quarter. Working capital improved by $2,588,926 compared to the previous quarter, with negative working capital at $2,358,485 as of September 30, 2024.

The Corporation granted 3,500,000 stock options to a director and certain employees and appointed Noureddine Mokkadem as director. They entered an option agreement with Québec Lafleur Minerals Inc. and closed a private placement, welcoming a new controlling shareholder. Abcourt Mines Inc. is a Canadian gold exploration company with strategic properties in Quebec.



Read more at GlobeNewswire:: Abcourt Announces its Results for the First Quarter Ended