Business
Interim Report for the Six Months to 30 June 2025
Interim Report for the Six Months to 30 June 2025.
About this update from Ubuntu Mining And Metals, Inc.
[{"type":"text","content":"\n\n30 September 2025\n \nTechFinancials, Inc.\n(\"TechFinancials\" or the \"Company\")\nUnaudited Interim Report for the Six Months Ended 30 June 2025\nTechFinancials Inc. (AQUIS: TECH), today announces its unaudited interim results for the six-month period ended 30 June 2025 (\"H1 2025\").\nFinancial Overview\n\n\n\n\n· \n\n\nCompany Revenues of US$ nil (H1 2024: US$ nil)\n\n\n\n\n\n\n\n· \n\n\nLoss for the period attributable to shareholders of US$0.06m (H1 2024: loss of US$0.09m)\n\n\n\n\n\n\n\n· \n\n\nCash position at the period end of H1 2025 US$0.15m (31 December 2024: US$0.17m)\n\n\n\n\n\n\n\n· \n\n\nBasic loss per share (\"EPS\") of (US$0.001) (H1 2024 (US$0.001))\n\n\n\n\n\n\n\n \nAsaf Lahav, Chief Executive Board Member of TechFinancials, commented:\nI am pleased to announce major progress in our continuous efforts to locate investment opportunities to maximise the Company's value, leveraging its available cash.\n \nSince the prior reporting period, the Company has agreed acquisition terms to acquire up to 60% of Dilotiko Limited, the iron ore Project, located in Taita Taveta County, Kenya. At the forthcoming Annual General Meeting to be held on 16 October 2025, Shareholders will be asked to approve the 25% acquisition of the Dilotiko Project and the option to acquire up to 60% of Dilotko Limited. Details can be found in the announcement of 18 September 2025.\n \nSubject to approval of these Resolutions, the Company will also proceed with an underwritten placing of £250,000, supported by Gathoni Muchai Investments Limited (\"GMI\"), and implement a change of name to Ubuntu Mining and Metals, Inc. with a new ticker symbol \"UNTU\".\n \nChairman's Statement\n \nThe proposed acquisition of up to 60% of Dilotiko, the iron ore project, will provide the Company with a new direction in an exciting iron ore project. The July 2025 Iron Ore Geological Assessment Survey and Feasibility Report can be found at https://www.group.techfinancials.com/financial-calendar.\n \n \nI would like to thank our shareholders for their continued support in what has been a difficult perio...