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Century Announces Filing of Second Quarter Financial Results and Management Discussion and Analysis for Six Months Ended September 30, 2023

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES HONG KONG, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Century Global Commodities Corporation (“Century” or the “Company”) (TSX: CNT) is pleased to announce that it has filed its condensed consolidated interim financial statements for the second fiscal quarter ended September 30, 2023 and the related management discussion and analysis (“MD&A”). Copies of these documents are available under Century's SEDAR+ profile at www.sedarplus.ca and will also be posted on Century's website at www.centuryglobal.ca.

proactiveinvestors.com

Century Global Commodities reports fiscal 1Q net working capital of $7.6M

Century Global Commodities Corporation has released interim financial statements for its fiscal first quarter, the company announced. As of June 30, the company had net working capital of $7.6 million.

proactiveinvestors.com

Century Global Commodities wraps up fiscal 3Q with working capital of $9.4M

Century Global Commodities Corp (TSX:CNT) said it finished its fiscal third quarter with strong net working capital of $9.4 million. The company, which is advancing the Joyce Lake direct shipping iron ore project (DSO) in Newfoundland and Labrador, said that the amount consists of cash, bank deposits and marketable securities totaling $6.5 million, together with accounts receivables and other current assets of $5.6 million.

proactiveinvestors.com

Century Global Commodities wraps up fiscal 2Q with working capital of $9.9M

Century Global Commodities Corp (TSX:CNT) said it finished its fiscal 2Q with a strong net working capital of $9.9 million. The company, which is advancing the Joyce Lake direct shipping iron ore project (DSO) in Newfoundland and Labrador, said that the amount consists of cash, bank deposits and marketable securities totaling $7.4 million, together with accounts receivables and other current assets of $5.0 million.

proactiveinvestors.ca

Century Global Commodities Joyce Lake DSO project achieves environmental assessment milestone

Century Global Commodities Corp (TSX:CNT), which controls some of the largest iron ore resources in Canada, said that its flagship Joyce Lake direct shipping iron ore (DSO) project in Newfoundland and Labrador, close to Schefferville, in Québec has achieved an environmental milestone. The Hong Kong-based company said the Impact Assessment Agency of Canada (IAAC) has communicated the outcome of a conformity review of the draft Environmental Impact Statement (EIS) for the Joyce Lake DSO project through a letter dated November 7, 2022.

proactiveinvestors.com

Century Global Commodities reveals positive feasibility study results for Joyce Lake project in Labrador

Century Global Commodities Corp (TSX:CNT), along with its 91.6%-owned Joyce Direct Iron Inc (JDI) subsidiary, have announced feasibility study (FS) results for the Joyce Lake Direct Shipping Iron Ore (DSO) project at the Attikamagen property in Labrador. “I am pleased with the feasibility study results at an initial capital cost of C$270.4 million, generating after-tax NPV (net present value) of C$184.6 million and after-tax IRR (internal rate of return) of 20.01%, which provide the foundation for our further advancement of the development of the project,” Century Global Commodities CEO Sandy Chim said in a statement.

proactiveinvestors.com

Century Global Commodities reports fiscal 1Q working capital of $10.2M

Century Global Commodities Corporation said it has filed financial results for its fiscal first quarter ended June 30, 2022. Notably, as of June 30, 2022, the company reported working capital of $10.2 million, consisting of cash, bank deposits and marketable securities of $8.2 million, accounts receivables and other assets of $4.5 million, and current liabilities of $2.5 million.

proactiveinvestors.com

Century Global Commodities wraps up FY22 with working capital balance of C$11.3M

Century Global Commodities Corp (TSX:CNT) wrapped up its 2022 financial year with a working capital balance of C$11.3 million, according to its year-end statements. The Canadian company, which is advancing the Joyce Lake iron ore project in Newfoundland, said that the working capital consisted of cash, bank deposits and marketable securities totaling C$10.3 million, together with accounts receivables and other current assets of C$3.5 million, less accounts payable and other current liabilities of C$2.5 million.

proactiveinvestors.com

Century Global Commodities appoints former Newfoundland premier Dwight Ball to its board of directors

Century Global Commodities Corporation announced that it has appointed former Newfoundland premier Dwight Ball to its board of directors. Ball will assume the role of vice-chair of the board, according to a release.

proactiveinvestors.com

Century Global Commodities files its financial statements for the third fiscal quarter ended December 31, 2021

Century Global Commodities Corporation said it has filed its condensed consolidated interim financial statements for the third fiscal quarter ended December 31, 2021, and the related management discussion and analysis. As of December 31, 2021, the company had strong working capital of $12.4 million, consisting of cash, bank deposits and marketable securities totaling $11.2 million, together with accounts receivable and other current assets of $3.7 million, less accounts payable and other current liabilities of $2.5 million.

proactiveinvestors.com

Century Global Commodities owns some of the largest iron ore resources in Canada

Flagship Joyce Lake project is advancing rapidly to capture the strong market CEO Sandy Chim has a track record of raising capital in Australia, the UK, Hong Kong, and Canada Century has two key strategic partners — Baowu Steel Group and Minmetals What Century Global Commodities does: Century Global Commodities Corporation (TSE:CNT) (OTCMKTS:CEUMF) owns some of the largest iron ore resources in Canada, totaling some 20 billion tonnes in multiple deposits across five projects in Quebec and Newfoundland and Labrador. This total includes the Joyce Lake Direct Shipping (DSO) Iron Ore Project, Hayot Lake, Full Moon, Black-Bird and the Duncan Lake project.

proactiveinvestors.com

Century Global Commodities wraps up fiscal 2Q with $13.3M in working capital

Century Global Commodities Corporation announced it had wrapped up its fiscal second-quarter with “strong” working capital of $13.3 million, according to a release from the company. The Hong Kong-based resource company reported revenue of just over $2.1 million, which is in line with the same year-ago quarter ended September 30.

proactiveinvestors.com

Century Global Commodities adds financial expert John Gravelle as director

Century Global Commodities Corporation has announced the appointment of ﬁnancial expert John Gravelle to its board of directors. Gravelle, a retired partner at PricewaterhouseCoopers, is currently a director of KP3993 Resources Inc, and was previously on the board at several mining companies, including Century Metals Inc and Brio Gold Inc.

proactiveinvestors.com

Century Global Commodities shareholders re-elect management's candidates as directors

Century Global Commodities Corporation announced the results of its 2021 Annual General Meeting (AGM), where its shareholders not only set the number of directors at seven, but also overwhelmingly voted for the management's candidates to put them on the board. The company which controls some of the largest iron ore resources in Canada, held the AGM on September 20, 2021 in Hong Kong, China.

proactiveinvestors.com

Century Global Commodities files its condensed consolidated interim financial statements for the first fiscal quarter ended June 30, 2021

Century Global Commodities Corporation said it has filed its condensed consolidated interim financial statements for the first fiscal quarter ended June 30, 2021, and the related management discussion and analysis. The statements show that, as of June 30, 2021, the company had strong working capital of $15.2 million, consisting of cash, bank deposits and marketable securities totaling $14.2 million, together with accounts receivables and other current assets of $4.4 million, less accounts payable and other current liabilities of $3.4 million.

proactiveinvestors.com

Century Global Commodities says Environmental Impact Statement for Joyce Lake project submitted to federal and provincial authorities

Century Global Commodities Corporation (TSE:CNT) announced that an Environmental Impact Statement (EIS) for the Joyce Lake Direct Shipping Iron Ore Project has been submitted to federal and provincial authorities. The company said its subsidiary and special purpose vehicle Joyce Direct Iron Inc (JDII) filed the EIS with the Impact Assessment Agency of the Canadian government (IAAC) and the Department of Environment and Climate Change of the government of Newfoundland and Labrador (NLDOECC).

proactiveinvestors.com

Century Global Commodities reveals that investee Joyce Direct Iron plans to list on ASX after A$2M financing

Century Global Commodities Corporation (TSE:CNT) has announced that its special purpose vehicle, Joyce Direct Iron Inc (JDII) is seeking to list on the Australian Securities Exchange after raising A$2 million. JDII owns the Joyce Lake DSO iron ore project in Canada, where Century is listed.

proactiveinvestors.com

Century Global Commodities provides update on plan to spin out the Joyce Lake DSO Iron Ore Project

Century Global Commodities Corporation (TSX:CNT) has provided an update regarding its plan to spin out the Joyce Lake DSO Iron Ore Project in order to raise the necessary funding to advance the project towards development. After a careful study of the various options of a spin-out, the company said it has determined that the best market to spin Joyce to is the Australian Stock Exchange (ASX) given the quality and the liquidity of the exchange, particularly in the iron ore sector.

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