Hannan Metals management commentary says fiscal 2026 net loss narrows to CAD 1.54 million on lower share-based compensation and FX losses
Bitget2026/09/29 00:37- Hannan Metals management commentary reported a fiscal 2026 net loss of CAD 1.54 million, narrowing from CAD 2.01 million.
- Lower general and administrative spending drove the year-on-year improvement, led by reduced share-based compensation.
- Exploration and evaluation spending rose to CAD 6.74 million, mainly reflecting higher investment in the Valiente project.
- San Martin joint venture wind-down weighed on results, including a CAD 62,922 impairment charge on remaining project costs.
- Liquidity strengthened, with working capital increasing to CAD 6.57 million, supported by a CAD 9.14 million private placement.
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