Abcourt Reports its Results for the Fourth Quarter and Year Ended June 30, 2025

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[{"type":"text","content":"Abcourt Reports its Results for the Fourth Quarter and Year Ended June 30, 2025\n\n\n\n ROUYN-NORANDA, Quebec, Oct. 23, 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 reported its results for the fourth quarter and year ended June 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\n \n\n\n June 30\n \n\n\n\n Years ended\n \n\n\n June 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 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 \n\n\n\n\n 255,000\n \n\n\n\n\n\n Administration expenses\n \n\n\n 1,157,694\n \n\n\n\n\n 1,104,291\n \n\n\n\n\n 3,657,276\n \n\n\n\n\n 3,762,272\n \n\n\n\n\n\n Care and maintenance\n \n\n\n 606,511\n \n\n\n\n\n 662,207\n \n\n\n\n\n 3,350,461\n \n\n\n\n\n 2,702,092\n \n\n\n\n\n\n Exploration expenses\n \n\n\n 3,164,288\n \n\n\n\n\n 639,307\n \n\n\n\n\n 8,322,676\n \n\n\n\n\n 4,682,988\n \n\n\n\n\n\n Deferred income and mining taxes\n \n\n\n (338,673\n \n\n )\n \n\n\n\n\n 349,142\n \n\n\n\n\n (1,611,673\n \n\n )\n \n\n\n\n\n 178,430\n \n\n\n\n\n\n Net loss and comprehensive loss\n \n\n\n (4,664,039\n \n\n )\n \n\n\n\n\n (2,892,734)\n \n\n\n\n\n (14,421,015\n \n\n )\n \n\n\n\n\n (11,585,571)\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 (0.02\n \n\n )\n \n\n\n\n\n (0.02)\n \n\n\n\n\n\n\n\n\n\n\n\n (In dollars)\n \n\n\n\n June 30, 2025\n \n\n\n\n\n\n June 30, 2024\n \n\n\n\n\n\n\n Cash\n \n\n\n 2,578,587\n \n\n\n\n\n 757,753\n \n\n\n\n\n\n Total assets\n \n\n\n 21,408,153\n \n\n\n\n\n 14,063,983\n \n\n\n\n\n\n Non-current liabilities\n \n\n\n 14,175,891\n \n\n\n\n\n 12,261,315\n \n\n\n\n\n\n Shareholders’ equity\n \n\n\n (599,534\n \n\n )\n \n\n\n\n\n (6,284,136)\n \n\n\n\n\n\n Working capital (non-IFRS measurement) *\n \n\n\n 2,952,725\n \n\n\n\n\n (4,947,411)\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, ple...

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