Abcourt Announces its Results for the Second Quarter Ended December 31, 2024 and Grant Stock Options to a Director

About this update from Abcourt Mines, Inc. Class B

[{"type":"text","content":"Abcourt Announces its Results for the Second Quarter Ended December 31, 2024 and Grant Stock Options to a Director\n\n\n\n ROUYN-NORANDA, Quebec, Feb. 20, 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 second quarter ended December 31, 2024. 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\n \n December 31\n \n\n\n\n Six months ended\n \n\n\n December 31\n \n\n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n 2023\n \n\n\n\n\n\n 2024\n \n\n\n\n\n\n 2023\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 \n\n\n\n\n 255,000\n \n\n\n\n\n\n Administration expenses\n \n\n\n 654,908\n \n\n\n\n\n 881,874\n \n\n\n\n\n 1,430,665\n \n\n\n\n\n 1,881,614\n \n\n\n\n\n\n Care and maintenance\n \n\n\n 1,163,598\n \n\n\n\n\n 926,103\n \n\n\n\n\n 2,051,031\n \n\n\n\n\n 1,799,541\n \n\n\n\n\n\n Exploration expenses\n \n\n\n 1,553,382\n \n\n\n\n\n 1,571,293\n \n\n\n\n\n 2,054,542\n \n\n\n\n\n 2,278,064\n \n\n\n\n\n\n Settlement of litigation with Revenu Québec\n \n\n\n (1,452,757\n \n\n\n\n )\n \n\n\n –\n \n\n\n\n\n (1,452,757\n \n\n\n\n )\n \n\n\n –\n \n\n\n\n\n\n Deferred income and mining taxes\n \n\n\n (173,000\n \n\n\n\n )\n \n\n\n (170,712\n \n\n )\n \n\n\n (173,000\n \n\n\n\n )\n \n\n\n (170,712\n \n\n )\n \n\n\n\n Net loss and comprehensive loss\n \n\n\n (2,450,467\n \n\n\n\n )\n \n\n\n (3,351,452\n \n\n )\n \n\n\n (4,290,368\n \n\n\n\n )\n \n\n\n (5,800,695\n \n\n )\n \n\n\n\n Net loss per share, basic and diluted\n \n\n\n (0.00\n \n\n\n\n )\n \n\n\n (0.01\n \n\n )\n \n\n\n (0.01\n \n\n\n\n )\n \n\n\n (0.01\n \n\n )\n \n\n\n\n\n\n\n\n\n\n (In dollars)\n \n\n\n\n December 31, 2024\n \n\n\n\n\n\n June 30, 2024\n \n\n\n\n\n\n\n Cash\n \n\n\n 1,700,464\n \n\n\n\n\n 757,753\n \n\n\n\n\n\n Investments\n \n\n\n 1,289,768\n \n\n\n\n\n –\n \n\n\n\n\n\n Total assets\n \n\n\n 18,119,236\n \n\n\n\n\n 14,063,983\n \n\n\n\n\n\n Non-current liabilities\n \n\n\n 12,845,101\n \n\n\n\n\n 12,261,315\n \n\n\n\n\n\n S...

More updates from Abcourt Mines, Inc. Class B