Lördag 26 Oktober | 01:55:44 Europe / Stockholm
2024-08-15 07:30:00

"The environmental permit, the land allocation, and the directed share issue allow us to maintain a high pace in reopening the mine. We are grateful for the valuable support we have received through the share issue and look forward to starting the investments in the processing plant and other infrastructure."
- Jörgen Olsson, CEO of Viscaria

SIGNIFICANT EVENTS DURING THE PERIOD JANUARY-MARCH

  • On May 6, Viscaria was granted a permit under the Environmental Code for mining and water operations at the Viscaria mine.
  • On May 7, the company's annual general meeting decided on a name change to Gruvaktiebolaget Viscaria. The name change was carried out on May 22.
  • On May 13, Viscaria was granted a land allocation in favor of the Viscaria project through a court ruling.
  • On June 18, a directed share issue was carried out, bringing Viscaria approximately 440 million SEK before expenses.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • On August 1, Viscaria exercised its environmental permit and began the construction of the water treatment plant.

APRIL – JUNE 2024

  • Net sales amounted to SEK 0 million (0).
  • Profit after tax for the period was SEK -12.0 (-8.5) million.
  • Earnings per share before and after dilution amounted to SEK -0.13 (-0.11).
  • Capitalised expenses related to exploration and appraisal assets amounted to SEK 92.0 million (85.2).
  • The Group's cash flow for the period was SEK 317 million (186).
  • Cash and cash equivalents amounted to SEK 514 million on June 30, 2024 (266 on December 31, 2023).
  • Equity amounted to SEK 1,623 million on 30 June 2024 (1,228 on December 2023).

PRESENTATION OF THE INTERIM REPORT
A live presentation of the interim report for the second quarter 2024 will be held today, Thursday 15 August, at 09.30 CET. The report will be presented by CEO Jörgen Olsson and CFO Frida Keskitalo. The presentation will be held in Swedish and will also include a Q&A session. The live presentation can be accessed via the link: https://www.youtube.com/live/IcxYoVnmnqI