(Alliance News) - Mining, Minerals & Metals PLC said Friday its annual loss narrowed substantially as the company continues to seek acquisition opportunities.
For the year to the end of January, Mining, Minerals & Metals booked a total comprehensive loss of GBP39,338, narrowed from GBP136,357 the year before.
The company first listed on the London Main Market in March, and is looking to make an acquisition of one or more businesses involved in natural resource exploitation.
Already Mining, Minerals & Metals has reviewed a number of potential candidates in natural resources, but has made no real bid yet, it said.
"I am pleased to present our first annual results following our listing in March 2020. We have been active in our search for acquisitions and continue to review several opportunities in the natural resource sector across the world. On behalf of the board, I would like to thank our shareholders for their support and we very much look forward to updating the market at the earliest opportunity regarding the progress in our execution of our acquisition strategy and deliver shareholder value," said Chair Matt Bonner.
Shares in Mining, Minerals & Metals were untraded on Friday in London, last quoted at 3.50 pence.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Mining, Minerals & Metals plc (MMM)