Year End Financial Results, Management Discussion and Analysis and Annual Information Form
Century Announces Filing of March 31, 2026
Year End Financial Results, Management
Discussion and Analysis and Annual
Information Form
Hong Kong, Hong Kong--(Newsfile Corp. - June 26, 2026) -
Century Global Commodities
Corporation
(TSX: CNT) ("
Century
" or the "
Company
") is pleased to announce that it has filed its
audited consolidated financial statements for the year ended March 31, 2026 and the related
management discussion and analysis ("
MD&A
") as well as the Annual Information Form. Copies of
these documents are available under Century's SEDAR+ profile at
http://www.sedarplus.ca
and will also
be posted on Century's website at
www.centuryglobal.ca
.
As of March 31, 2026, the Company had unrestricted free cash, bank deposits and marketable
securities totaling $2.4 million (March 31, 2025: $4.2 million) and a net working capital* of $5.0 million
(March 31, 2025: $6.0 million), which is adequate to cover near-term ongoing administrative and basic
mineral properties development expenses.
ABOUT CENTURY
Century Global Commodities Corporation (TSX: CNT) is primarily a resource exploration and
development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly
discovered by its own exploration team. It has other non-ferrous metals properties under exploration as
well as a well-established food distribution business (Century Food) in Hong Kong.
The Joyce Lake Direct Shipping Iron Ore Project
Joyce Lake, our most advanced project, is an open pit direct shipping iron ore project in Newfoundland
and Labrador, close to the town of Schefferville, Québec which is serviced by a rail link directly to ocean
shipping iron ore ports at Sept-Îles. The Project has completed an updated feasibility study in 2022 and
is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct
Iron Inc. ("JDI"), in which Century owns approximately 90%.
Century Food
Century Food is a subsidiary of the Company operating a value-adding marketing and distribution
business of quality food products sourced from such high-quality regions as Europe and Australia for the
Hong Kong and Macau markets. It was created as a counter-cyclical business at the bottom of the Super
Cycle in 2015 to generate profit and cash to supplement the metals business.
Non-IFRS and Other Financial Measures
Certain financial measures used by the Company to analyze and evaluate its results are non-International
Financial Reporting Standards ("IFRS") financial measures or ratios.
Each of these indicators is not a
standardized financial measure under the IFRS and might not be comparable to similar financial
measures used by other issuers.
These indicators are intended to provide additional information and
should not be considered in isolation or as a substitute for measures of performance prepared in
accordance with IFRS.
Further information on the non-IFRS and other financial measures included in this
press release is provided in the section "Non-IFRS and Other Financial Measures" of the Company's
MD&A for the year ended March 31, 2026 which is available on SEDAR+ at
http://www.sedarplus.ca
.
Reconciliation to the most directly comparable IFRS measures
March 31
2026
$
March 31
2025
$
Net working capital
Current assets
7,916,773
9,313,603
Current liabilities
2,880,050
3,284,412
5,036,723
6,029,191
For further information please contact:
Sandy Chim, President & CEO
Century Global Commodities Corporation
416-977-3188
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING INFORMATION" WITHIN THE
MEANING OF CANADIAN SECURITIES LEGISLATION. THE FORWARD-LOOKING
INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS
OF CENTURY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. FORWARD-LOOKING INFORMATION INCLUDES
INFORMATION THAT RELATES TO, AMONG OTHER THINGS, CENTURY'S OWNERSHIP AND
PLANS FOR SPIN-OUT, LISTING, FINANCING AND DEVELOPMENT OF THE JOYCE LAKE DSO
IRON ORE PROJECT, INCLUDING (I) ESTIMATES AS TO RESOURCES AND RESERVES FOR
THE PROJECT, (II) ESTIMATES AS TO THE CAPITAL COSTS, OPERATING COSTS,
PRODUCTION RATES, MINE LIFE, NET PRESENT VALUE AND RATES OF RETURN FOR THE
PROJECT, (III) PROJECTIONS AS TO THE TIME FRAME FOR THE ADDITIONAL WORK
REQUIRED TO COMPLY WITH THE PROVINCIAL ENVIRONMENTAL IMPACT ASSESSMENT
GUIDELINES; (IV) THE ABILITY OF JDI TO CONCLUDE BENEFIT AGREEMENTS WITH FIRST
NATIONS AND THE GOVERNMENT OF NEWFOUNDLAND AND LABRADOR; (V) THE TIMELINE
FOR COMPLETION OF THE ENVIRONMENTAL IMPACT STATEMENT PROCESS BY JDI; (VI)
THE ABILITY OF JDI TO MEET ALL FEDERAL AND PROVINCIAL ENVIRONMENTAL IMPACT
STATEMENT REQUIREMENTS AND TO ULTIMATELY SECURE THE REQUIRED
ENVIRONMENTAL PERMITTING; AND (VII) THE ABILITY OF JDI TO LIST ITS COMMON
SHARES ON AN EXCHANGE, OF WHICH THERE IS NO ASSURANCE. FORWARD-LOOKING
INFORMATION IS BASED ON, AMONG OTHER THINGS, OPINIONS, ASSUMPTIONS,
ESTIMATES AND ANALYSES THAT, WHILE CONSIDERED REASONABLE BY CENTURY AT
THE DATE THE FORWARD-LOOKING INFORMATION IS PROVIDED, ARE INHERENTLY
SUBJECT TO SIGNIFICANT RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER
FACTORS THAT MAY CAUSE ACTUAL RESULTS AND EVENTS TO BE MATERIALLY
DIFFERENT FROM THOSE EXPRESSED OR IMPLIED BY THE FORWARD-LOOKING
INFORMATION. THE RISKS, UNCERTAINTIES, CONTINGENCIES AND OTHER FACTORS
THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED
OR IMPLIED BY THE FORWARD-LOOKING INFORMATION MAY INCLUDE, BUT ARE NOT
LIMITED TO, RISKS GENERALLY ASSOCIATED WITH CENTURY'S BUSINESS, AS
DESCRIBED IN CENTURY'S ANNUAL INFORMATION FORM FOR THE YEAR ENDED MARCH
31, 2026. INVESTOR SHOULD ALSO REVIEW THE JOYCE LAKE DSO IRON ORE PROJECT
FEASIBILITY STUDY IN DETAIL IN ORDER TO FULLY UNDERSTAND THE RISKS AFFECTING
THE PROJECT AND THE ESTIMATES INCLUDED IN THE PROJECT. READERS SHOULD NOT
PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT
RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE CENTURY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME
EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN
THE UNITED STATES OR TO U.S. NEWS AGENCIES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/302977