Abcourt Announces its Results for the First Quarter Ended September 30, 2025 and the Engagement of Red Cloud Securities to Provide Market-Making Services

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[{"type":"text","content":"Abcourt Announces its Results for the First Quarter Ended September 30, 2025 and the Engagement of Red Cloud Securities to Provide Market-Making Services\n\n\n\n ROUYN-NORANDA, Quebec, Nov. 27, 2025 (GLOBE NEWSWIRE) --\n \n Abcourt Mines Inc. (“Abcourt” or the\n \n\n “Corporation”) (TSX Venture: ABI)\n \n\n (OTCQB : ABMBF)\n \n announces its results for the first quarter ended September 30, 2025. All monetary values ​in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+.\n \n\n\n Summary of financial results\n \n\n\n\n\n\n (In dollars)\n \n\n\n\n Three months ended September 30\n \n\n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n Revenues\n \n\n\n –\n \n\n\n\n\n –\n \n\n\n\n\n\n Costs of sales\n \n\n\n 5,009,786\n \n\n\n\n\n –\n \n\n\n\n\n\n Loss from mining operations\n \n\n\n (5,009,786\n \n\n )\n \n\n\n\n\n –\n \n\n\n\n\n\n Administration expenses\n \n\n\n 1,416,858\n \n\n\n\n\n 775,757\n \n\n\n\n\n\n Care and maintenance\n \n\n\n 29,288\n \n\n\n\n\n 887,433\n \n\n\n\n\n\n Exploration expenses\n \n\n\n 250,068\n \n\n\n\n\n 501,160\n \n\n\n\n\n\n Finance expenses\n \n\n\n 967,143\n \n\n\n\n\n 136,415\n \n\n\n\n\n\n Net loss and comprehensive loss\n \n\n\n (7,519,605\n \n\n )\n \n\n\n\n\n (1,839,901)\n \n\n\n\n\n\n Net loss per share, basic and diluted\n \n\n\n (0.01\n \n\n )\n \n\n\n\n\n (0.00)\n \n\n\n\n\n\n\n\n\n\n\n\n (In dollars)\n \n\n\n\n September 30, 2025\n \n\n\n\n June 30, 2025\n \n\n\n\n\n Cash\n \n\n\n 594,357\n \n\n\n\n\n 2,578,587\n \n\n\n\n\n\n Total assets\n \n\n\n 31,811,592\n \n\n\n\n\n 21,408,153\n \n\n\n\n\n\n Non-current liabilities\n \n\n\n 28,029,185\n \n\n\n\n\n 14,175,891\n \n\n\n\n\n\n Shareholders’ equity\n \n\n\n (5,488,044\n \n\n\n\n )\n \n\n\n (599,534\n \n\n )\n \n\n\n\n Working capital (non-IFRS measurement) *\n \n\n\n 1,288,412\n \n\n\n\n\n 2,952,725\n \n\n\n\n\n\n\n *\n \n Working capital is a non-IFRS measurement with no standardized meaning under IFRS. For further information, please see section \"Non-IFRS Measure\".\n \n\n\n\n\n During the quarter, Abcourt began development of mining operations at Sleeping Giant. Several expenses related to the development of drifts and rehabilitated already...

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