IberAmerican Lithium Announces Third Quarter 2024 Financial Results
IberAmerican Lithium Corp. (IBRLF) has released its Q3 2024 financial results, reporting a net loss of $0.9 million ($0.03 per share). The company's cash position significantly decreased to $0.01 million as of September 30, 2024, compared to $3.4 million at the end of 2023. The company's working capital position deteriorated to a deficit of $1.5 million, contrasting with a surplus of $3.8 million in December 2023. IberAmerican continues to pursue final permit approvals for its Alberta II and Carlota lithium projects in northwestern Spain, where it plans to begin exploratory operations.
IberAmerican Lithium Corp. (IBRLF) ha pubblicato i risultati finanziari per il terzo trimestre del 2024, riportando una perdita netta di 0,9 milioni di dollari (0,03 dollari per azione). La posizione di liquidità dell'azienda è diminuita significativamente a 0,01 milioni di dollari al 30 settembre 2024, rispetto ai 3,4 milioni di dollari alla fine del 2023. La posizione di capitale circolante dell'azienda è peggiorata, evidenziando un deficit di 1,5 milioni di dollari, a confronto con un surplus di 3,8 milioni di dollari a dicembre 2023. IberAmerican continua a perseguire le approvazioni finali dei permessi per i suoi progetti di litio Alberta II e Carlota nel nord-ovest della Spagna, dove intende avviare operazioni esplorative.
IberAmerican Lithium Corp. (IBRLF) ha publicado sus resultados financieros del tercer trimestre de 2024, reportando una pérdida neta de 0,9 millones de dólares (0,03 dólares por acción). La posición de efectivo de la empresa disminuyó significativamente a 0,01 millones de dólares al 30 de septiembre de 2024, en comparación con 3,4 millones de dólares a finales de 2023. La posición de capital de trabajo de la empresa se deterioró a un déficit de 1,5 millones de dólares, en contraste con un superávit de 3,8 millones de dólares en diciembre de 2023. IberAmerican continúa buscando las aprobaciones finales de permisos para sus proyectos de litio Alberta II y Carlota en el noroeste de España, donde planea comenzar operaciones de exploración.
IberAmerican Lithium Corp. (IBRLF)는 2024년 3분기 재무 결과를 발표하며 90만 달러의 순손실 (주당 0.03 달러)을 기록했다고 보고했습니다. 회사의 현금 보유액은 2024년 9월 30일 기준으로 1만 달러로 크게 감소했으며, 이는 2023년 말 340만 달러와 비교됩니다. 회사의 운전 자본 상황은 150만 달러의 적자로 악화되었으며, 이는 2023년 12월 380만 달러의 흑자와 대조적입니다. IberAmerican은 스페인 북서부에 위치한 Alberta II 및 Carlota 리튬 프로젝트의 최종 허가 승인을 계속 추구하고 있으며, 해당 지역에서 탐사 작업을 시작할 계획입니다.
IberAmerican Lithium Corp. (IBRLF) a publié ses résultats financiers pour le troisième trimestre 2024, annonçant une perte nette de 0,9 million de dollars (0,03 dollar par action). La position de liquidités de l'entreprise a significativement diminué pour atteindre 0,01 million de dollars au 30 septembre 2024, contre 3,4 millions de dollars à la fin de 2023. La position de fonds de roulement de l'entreprise s'est détériorée, affichant un décit de 1,5 million de dollars, contrairement à un excédent de 3,8 millions de dollars en décembre 2023. IberAmerican continue de rechercher les approbations de permis finales pour ses projets de lithium Alberta II et Carlota dans le nord-ouest de l'Espagne, où elle prévoit de commencer des opérations d'exploration.
IberAmerican Lithium Corp. (IBRLF) hat seine Finanzzahlen für das dritte Quartal 2024 veröffentlicht und berichtet von einem Nettoverlust von 0,9 Millionen US-Dollar (0,03 US-Dollar pro Aktie). Die Liquiditätsposition des Unternehmens ist zum 30. September 2024 erheblich auf 0,01 Millionen US-Dollar gesunken, verglichen mit 3,4 Millionen US-Dollar Ende 2023. Die Position des Working Capitals des Unternehmens hat sich auf ein Defizit von 1,5 Millionen US-Dollar verschlechtert, im Gegensatz zu einem Überschuss von 3,8 Millionen US-Dollar im Dezember 2023. IberAmerican setzt seine Bemühungen um die endgültigen Genehmigungen für seine Lithiumprojekte Alberta II und Carlota im Nordwesten Spaniens fort, wo das Unternehmen plant, mit explorativen Arbeiten zu beginnen.
- None.
- Net loss of $0.9 million in Q3 2024
- Cash position severely declined to $0.01M from $3.4M in December 2023
- Working capital deteriorated to -$1.5M deficit from $3.8M surplus in December 2023
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - IberAmerican Lithium Corp. (Cboe CA: IBER) (OTCQB: IBRLF) (FSE: W2C) ("IberAmerican" or "the Company") announced today that it has filed its unaudited condensed interim consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and nine month periods ended September 30, 2024 (the "Quarter"). These documents can be found on its website at www.iberamericanlithium.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca. All financial figures contained herein are expressed in Canadian dollars unless otherwise noted.
The Company reported a net loss for the Quarter of
The Company will continue to work towards receipt of final permit approvals for the Alberta II and Carlota lithium projects in northwestern Spain, where it is poised to commence further exploratory operations. The Company will also continue to evaluate other opportunities for shareholder value creation.
About IberAmerican Lithium Corp.
IberAmerican Lithium is a hard-rock lithium exploration company focused on advancing its
Additional information on IberAmerican Lithium is available at www.iberamericanlithium.com and by reviewing its profile on SEDAR at www.sedarplus.ca.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including statements related to the receipt of final permit approvals for, and the commencement of further exploratory operations on, the Alberta II and Carlota lithium projects. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of IberAmerican to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in the Company's Annual Information Form dated March 26, 2024, which is available for view on SEDAR+ at www.sedarplus.ca. These risks include but are not limited to, the risks associated with the mining and exploration industry, such as operational risks in development or capital expenditures, the uncertainty of projections relating to production, and any delays or changes in plans with respect to the exploitation of the site. Forward-looking statements contained herein, are made as of the date of this press release, and IberAmerican disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Further Information
For further information regarding the Continuance, please contact:
IberAmerican Lithium Corp.
Campbell Becher - CEO
inquiries@ialithium.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229821
FAQ
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