Hannan Metals net loss narrows 23% to CAD 1.54 million in year ended May 31, 2026
Bitget2026/09/29 00:37- Hannan Metals posts a net loss of CAD 1.54 million, narrowing from CAD 2.01 million a year earlier; loss per share improves to CAD 0.01.
- Loss before other items narrows to CAD 1.66 million from CAD 2.04 million, while interest income rises to CAD 125,505.
- Impairment of exploration and evaluation assets totals CAD 62,922 following termination of the San Martin JV agreement effective June 18, 2026.
- Cash climbs to CAD 6.5 million from CAD 2.27 million, while exploration and evaluation assets increase to CAD 14.13 million from CAD 8.42 million.
- Working capital is CAD 6.57 million, and management says resources are adequate to maintain core operations and planned exploration for 12 months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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