RE: Peak Nickel29 Sep 2023 15:10
Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - In the six months that ended June 30, pretax loss widens to EUR454,000 from EUR363,000 a year earlier. Administration expenses widen to EUR536,000 from EUR350,000. Posts no revenue, unchanged. Chief Executive Officer Brendan McMorrow says: "I am very pleased with the progress achieved during the first six months of 2023. During the period we identified and negotiated two highly attractive investment opportunities to advance the board's stated goal of generating shareholder value by leveraging the company's balance sheet and resources whilst carefully managing its operating costs. The company now has exposure to two compelling, diverse and complementary exploration opportunities. These opportunities position the company and its shareholders for future capital growth, while retaining a stock market listing on the Aquis Growth Market."