Welcome to our dedicated page for Elysee Developme news (Ticker: ASXSF), a resource for investors and traders seeking the latest updates and insights on Elysee Developme stock.
Elysee Development Corp. (ASXSF) maintains an active presence in mining investments through strategic private equity positions and marketable securities. This news hub provides investors with essential updates on portfolio adjustments, exploration project developments, and financial strategy implementations.
Access real-time announcements covering earnings reports, asset acquisitions, and share buyback programs. Our curated collection helps stakeholders track the company's response to market conditions and its management of precious/base metal investments.
Key updates include strategic investments in early-stage mining ventures, valuation adjustments for private equity holdings, and liquidity management decisions. Bookmark this page for direct access to primary source materials that inform investment analysis in the resource sector.
Elysee Development Corp reported net earnings of $652,227 ($0.02 per share) for FY 2024, compared to a net loss of $4,034,438 in FY 2023. The company's Net Asset Value (NAV) increased to $0.42 per share from $0.39, with cash on hand of $1,532,977 as of December 31, 2024.
Total investment income reached $1,260,642 in FY 2024, reversing from a loss of $3,497,002 in FY 2023. The company recovered $475,783 from BakerSci related to a convertible promissory note. General expenses increased to $608,415, primarily due to $112,869 in interest from $2 million convertible debentures issued in June 2024.
As of March 21, 2025, the company's NAV improved to approximately $0.48 per share, with portfolio value increasing by over 17% since January 2025. Major holdings include investments in Arizona Sonoran Copper, Dundee Precious Metals, and Agnico-Eagle Mines. The company maintains $1.8 million in cash and cash equivalents.
Elysee Development Corp reported strong Q3 2024 financial results with net income of $963,981 ($0.03 per share), compared to a loss of $1,400,850 in Q3 2023. Total investment income reached $1,119,668, with NAV increasing to $0.43 per share from $0.39 at year-end 2023. Cash position strengthened to $1,961,829, up from $849,798. The improved performance was driven by strong gold prices benefiting senior producers in their portfolio. The company experienced a realized loss from Victoria Gold Corp due to a heap leach pad failure, but made partial recovery of its BakerSci Corp investment.
Elysee Development Corp. (TSXV: ELC) announced its unaudited financial results for Q2 2024. The company reported net investment earnings of $163,709 for the six months ended June 30, 2024, compared to a loss of $223,818 in the same period last year. However, after expenses, Elysee incurred a net loss of $63,363 ($0.00 per share) for the period.
The company's Net Asset Value as of June 30, 2024, was $0.40 per share, with cash on hand exceeding $2.3 million. Elysee's portfolio was impacted by Victoria Gold's stock price collapse, resulting in a $350,000 unrealized loss. The company also wrote down two private equity investments and wrote off accrued interest, totaling $685,450 in losses, offset by $800,514 in unrealized gains.
Elysee raised $2 Million through a convertible debenture and received a partial repayment from BakerSci Corp. The company's largest investment, Arizona Sonoran Copper Company, announced a positive PEA for its Cactus project.
Elysee Development Corp. (TSXV: ELC) announces a normal course issuer bid to repurchase up to 1,418,238 common shares, representing 4.99% of outstanding shares. The bid will run from May 13, 2024, to May 12, 2025. The company believes its shares are undervalued and aims to increase shareholder value. The Bid will be conducted through Research Capital , with purchases made on the open market at prevailing prices. Funding will come from existing working capital.
Elysee Development Corp. reported a net income of $278,436 ($0.01 per share) for Q1 2024, down from $574,676 ($0.02 per share) in Q1 2023. Total investment income decreased to $394,915 in Q1 2024 from $715,735 in Q1 2023. Net Asset Value per share rose to $0.40 on March 31, 2024. The company's cash on hand as of March 31, 2024, was $844,675 with no debt. The investment portfolio saw an unrealized gain on securities of $484,727, with interest and dividend income of $58,285 and realized losses of $146,587. General and administrative expenses decreased to $116,479 in Q1 2024. Elysee focused on increasing positions in copper and gold mining companies, with plans to raise more cash by selling non-core investments. The company bought back 163,500 of its shares at a cost of $44,403 during the three months ended March 31, 2024. Significant investments include U.S. Vanadium , Arizona Sonoran Copper Company, Dundee Precious Metals, Calibre Mining Corp., Agnico Eagle Mines , and Hudbay Minerals Inc.
