Business
Annual Report for the year ended 31 December 2025
Ubuntu Mining and Metals Inc. reported its audited financial results for the year ended December 31, 2025, showing no revenues as anticipated, and a pre-tax loss of $0.203 million, a slight improvement from the $0.206 million loss in 2024. The company's cash position strengthened to $0.42 million from $0.17 million at the end of the previous year, partly due to GBP 250,000 in underwritten placement proceeds received in late 2025. Significant post-year-end developments include the acquisition of a 25% interest in the Dilotiko Iron Ore Project in Kenya and securing an option to increase this to 60%, marking a strategic shift from fintech to the mining and metals sector. The company also announced two gold projects in Tanzania in April 2026. Despite these developments, the auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern, dependent on securing additional funding. Disclaimer*
About this update from Ubuntu Mining And Metals, Inc.
30 June 2026 Ubuntu Mining & Metals, Inc. (Formerly TechFinancials Inc.) Annual Report for the year ended 31 December 2025 Ubunto Mining & Metals, Inc. (Formerly TechFinancials Inc.) is pleased to announce its audited financial statements for the year ended 31 December 2025. The Chairman's Statement and Financial Statement are set out below. The Annual Report is available on the Company's website at https://ubuntuminingandmetals.com/ The Directors of the Company are responsible for the contents of this announcement. For further information: Ubuntu Mining and Metals, Inc. Eitan Yanuv, Non-Executive Chairman Manish Shavadia, Chief Financial Officer Tel: +972 54 5233 943 Tel: + 44 (0) 7572 305 844 AlbR Capital Limited (Aquis Corporate Adviser) Tel: +44 (0) 20 7469 0930 Financial Highlights · No revenues in 2025 as expected. · Pre-tax loss attributable to shareholders of US$0.203 million (2024: loss of US$0.206 million) · Cash position of US$0.42 million as at 31 December 2025 (2024: US$0.17 million) · Basic earnings per share ('EPS') (US$0.0023) (2024: (US$0.0023)) Investment Activities The Company used its cash to invest small amounts in several listed entities in 2025. This activity resulted in realised gain of US$21,000 and an unrealised loss of US$17,000 in the year 2025. The company received GBP 250,000 by way underwritten placement proceeds which were re-allocated to share capital in 2026 following the conclusion of the Company's EGM in February 2026. The funds are to be used to support working capital requirements of the company and to potentially diversify into acquiring small scale gold mining concessions in Tanzania. Chairman's Statement 2025 was a year in which the Company focused on looking for new ways to increase its value for shareholders. With the blessing of our shareholders, we have changed our investment strategy to focus on natural resources, changed the name of the company on 07 April 2026 to Ubuntu Mining and Metals, Inc. A significant development in the Company's evo...
View stock analysis, news, and events for Ubuntu Mining And Metals, Inc.