Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
For immediate release
TSX Venture: ABI.V
Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
Rouyn-Noranda, Canada, May 22, 202 5 - Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX
Venture: ABI) (OTCQB : ABMBF) announces its results for the third quarter ended March 31, 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+.
Summary of financial results
(In dollars) Three months ended
March 31
Nine months ended
March 31
2025 2024 2025 2024
Revenues – – – 255,000
Administration expenses 1,068,917 776,367 2,499,582 2,657,981
Care and maintenance 692,919 231,541 2,743,950 2,031,082
Exploration expenses 4,063,635 1,765,615 6,118,177 4,043,679
Settlement of litigation with Revenu
Québec – – (1,452,757) –
Deferred income and mining taxes (1,100,000) – (1,273,000) (170,712)
Net loss and comprehensive loss (5,466,608) (2,892,142) (9,756,976) (8,692,837)
Net loss per share, basic and diluted (0.01) (0.01) (0.01) (0.02)
(In dollars) MARCH 31, 2025 JUNE 30, 2024
Cash 937,733 757,753
Total assets 16,493,159 14,063,983
Non-current liabilities 12,908,748 12,261,315
Shareholders’ equity (3,447,876) (6,284,136)
Working capital (non-IFRS measurement) * (2,172,892) (4,947,411)
* Working capital is a non- IFRS measurement with no standardized meaning under IFRS. For further information, please see section "Non- IFRS
Measure".
• Abcourt has achieved a significant improvement in its working capital for the period ended March 31,
2025, with a n egative working capital of $ 2,172,892, compared to negative working capital of
$4,947,411 as at June 30, 2024.
Non-IFRS Measure
This press release presents working capital as a performance measure which is non-International Financial
Reporting Standards (IFRS) performance measure. The Corporation believes that this measure provides
investors with an improved ability to evaluate the performance of the Corporation . Non-IFRS measures
do not have any standardized meaning prescribed under IFRS. Therefore, such measures may not be
comparable to similar measures employed by other companies. This data may not be comparable to data
presented by other companies. Non -GAAP financial performance measures should be considered
together with other data prepared in accordance with IFRS.
The Corporation determines working capital as follows: current assets less current liabilities.
Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in
northwestern Quebec, Canada. Abcourt owns the 100% owned Sleeping Giant m ine and m ill and the
Flordin exploration property, where it focuses its operations.
For more information about Abcourt Mines Inc., please visit our website and view our filings under
Abcourt's profile on www.sedarplus.ca.
Pascal Hamelin Dany Cenac Robert, Investor Relations
President and Chief Executive Officer Reseau ProMarket Inc.,
T : (819) 768-2857 T : (514) 722-2276, poste 456
Email : [email protected] Email : [email protected]
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward -looking information" within the
meaning of Canadian securities legislation. Generally, forward- looking information can be identified by using
forwardlooking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates",
"could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events
or results "may", "should", "will" or "be achieved" or other similar expressions. Forward -looking statements are
based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that
may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from
those expressed or implied by such forward- looking statements or information. Forward- looking statements are
subject to business, economic and uncertainties and other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's
public filings, which are available on SEDAR at www.sedarplus.ca. There can be no assurance that these
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking
statements and forwardlooking information. Although Abcourt believes that the assumptions and factors used in
preparing the forwardlooking statements are reasonable, undue reliance should not be placed on such statements.
Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise
any such forwa rdlooking statements or information, whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release