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Pin to quick picksPathfinder Minerals Share News (PFP)

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IN BRIEF: Pathfinder Minerals annual loss widens slightly

Thu, 25th May 2023 18:02

Pathfinder Minerals PLC - natural resources company with licences to mine heavy minerals sands in Mozambique - Reports results for 2022. Says pretax loss totalled GBP376,000, widened from GBP367,000 the year prior on zero revenue which was unchanged. Loss per share was unchanged at 7 pence. Chair Dennis Edmonds says: "Following the completion of the disposal of IM Minerals Ltd, which the company expects imminently, Acumen Advisory Group LLC will have a binding agreement with the company to progress the claim against the Government of Mozambique. If the claim is successful, Pathfinder stands to receive a substantial contingent payment." Further, continues to evaluate opportunities to find a suitable acquisition.

Current stock price: 0.47 pence, down 11% in London on Thursday

12-month change: down 18%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Sep 2019 13:35

Pathfinder Bullish About Mozambique Licence After First Half Progress

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2 Aug 2019 16:23

Pathfinder Minerals Names Former Alien Metals Chair As Non-Executive

(Alliance News) - Pathfinder Minerals PLC said on Friday that it has appointed Dennis Edmonds as a non-executive director with immediate effect.Edmonds was formerly executive chair of firm

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23 Jul 2019 12:20

Pathfinder Minerals Co-Chair Simon Farrell Resigns From Board

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3 Jul 2019 13:38

Pathfinder Minerals Raises GBP51,207 After Exercise Of Warrants

(Alliance News) - Pathfinder Minerals PLC on Wednesday said it has raised GBP51,207 in respect of the exercise of the warrants.The natural resources company said it issued 3.4 million at of

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28 Jun 2019 15:20

Pathfinder Minerals Loss Holds Steady; Still Seeking Licence Recovery

(Alliance News) - Pathfinder Minerals PLC on Friday said its annual loss was relatively flat as administrative expenses were maintained while it seeks to recover control of licences in in were up

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5 Jun 2019 15:32

Pathfinder Minerals Subscription Raises GBP135,000 For Working Capital (ALLISS)

LONDON (Alliance News) - Pathfinder Minerals PLC said Wednesday it has raised GBP135,000 through a subscription for 4.9 million shares at 2.75 pence each to existing investors.Shares in at

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3 Jun 2019 15:11

Pathfinder Minerals Gets New CEO; Responds To Equity Raise Suggestion

LONDON (Alliance News) - Pathfinder Minerals PLC on Monday said it has appointed a new chief executive and responded to the suggestion that it might be planning an equity raise.Shares in up

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11 Feb 2019 10:40

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11 Feb 2019 10:02

Pathfinder Inks Consultancy Pact For Mining Licence Acquisition

LONDON (Alliance News) - Pathfinder Minerals PLC on Monday said it has entered into a consultancy agreement with Africa Focus Group Ltd for a potential acquisition in Mozambique.Shares in a

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11 Feb 2019 09:14

Pathfinder Minerals secures assistance from Africa Focus for acquisition

(Sharecast News) - Natural resources outfit Pathfinder Minerals has entered into a fixed period consultancy agreement with Hong Kong-based mergers and acquisitions specialist Africa Focus.

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23 Oct 2018 11:36

Pathfinder Minerals Raises GBP150,000 Via Share Subscription (ALLISS)

LONDON (Alliance News) - Pathfinder Minerals PLC said Tuesday it raised GBP150,000 in a share subscription with new and existing investors.The company placed 11.1 million shares at 1.35 a a

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WINNERS & LOSERS SUMMARY: Miners Up On Rising Commodity Prices

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21 Sep 2018 10:11

Pathfinder Minerals Shares Fall After Widening Interim Loss

LONDON (Alliance News) - Pathfinder Minerals PLC on Friday reported an widened interim loss on the back of higher costs associated with a board reshuffling.Shares in the Mozambique-focused

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20 Aug 2018 10:21

WINNERS & LOSERS SUMMARY: House Of Fraser Woes To Hit Mulberry Profit

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20 Aug 2018 09:52

Pathfinder Minerals Shares Rise As Executive Director Trew Steps Down

LONDON (Alliance News) - Shares rose in Pathfinder Minerals PLC on Monday as Executive Director Nick Trew stepped down from his role with immediate effect.He will be replaced by Scott who a

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