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Europa Metals Ltd said on Friday it may need to raise capital to fund a potential acquisition or acquisitions, allowing it to return to the AIM market of the London Stock Exchange. The Europe-focused lead-zinc and silver developer is a cash shell. It was suspended on AIM in May after it failed to complete an acquisition or acquisitions that constituted a reverse takeover. Realising its financial results for 12 months that ended June 30, Europa said if it completed an acquisition or acquisitions that require funding, it may need to raise additional funds via a debt or equity raising. The group pocketed a gain on disposal of Europa Metals Iberia SL of $5.6 million for the financial year to June 30, compared to none a year before. In November last year, Europa sealed the sale of Europa Metals Iberia, which holds the Toral project in the Leon Province, Northern Spain, to Denarius Metals Corp. Pretax profit for the year was $3.1 million, swinging from a loss of $632,780, getting a boost from the Europa Metals Iberia gain. This offset fair value loss on financial assets of $1.4 million, compared to none a year before. Basic earnings per share was 3.19 US cents, flipped from a loss of 0.66 cents, while headline earnings per share was 3.13 cents, swung from headline loss of 0.66 cents. Europa said its forecast cash flow needs for the next 12 months reflect cash outflows from operating and investing activities. Shares in Europa were flat at 29 rand cents on Friday afternoon in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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