Century Announces Filing of March 31, 2026 Year End Financial Results, Management Discussion and Analysis and Annual Information Form

• Unrestricted free cash, bank deposits and marketable securities declined 43% year-over-year to $2.4 million as of March 31, 2026
• Net working capital decreased to $5.0 million from $6.0 million, though management states this is adequate to cover near-term administrative and mineral property development expenses
• The company's flagship Joyce Lake iron ore project in Newfoundland and Labrador is undergoing environmental assessment following a 2022 feasibility study update

Summary

Century Global Commodities Corporation (TSX: CNT) filed its audited consolidated financial statements, MD&A, and Annual Information Form for the fiscal year ended March 31, 2026, on June 26, 2026.

Key Financial Figures:

• Unrestricted cash, bank deposits, and marketable securities totaled $2.4 million as of March 31, 2026, down from $4.2 million the previous year
• Net working capital decreased to $5.0 million from $6.0 million year-over-year
• Current assets: $7.9 million (down from $9.3 million)
• Current liabilities: $2.9 million (down from $3.3 million)

Company Overview:

Century is a resource exploration and development company with a diversified portfolio including iron ore projects in Canada and a food distribution subsidiary (Century Food) in Hong Kong and Macau.

Main Assets:

The Joyce Lake Direct Shipping Iron Ore Project in Newfoundland and Labrador represents the company's most advanced development. The open-pit project, located near Schefferville, Quebec, completed a feasibility study in 2022 and is currently undergoing environmental assessment. Century owns approximately 90% of Joyce Direct Iron Inc., the special purpose vehicle holding this project.

Market Implications:

The declining cash position and working capital suggest potential funding needs ahead, particularly for advancing the Joyce Lake project through environmental assessments and toward production. Management indicated current resources are adequate for near-term administrative expenses and basic development activities. The documents are available on SEDAR+ and the company's website for investor review.