logo-loader
viewLeading Edge Materials Corp.

Flinders Resources reduces losses in 2016

Flinders Resources Ltd the graphite firm on Thursday reaffirmed the new name of the business if a merger with Tasman Metals goes through, as it announced reduced losses in its six-month earnings to April 30

shutterstock_85848499_577563c16038f.jpg
Kinetic is still the firm favourite name in any merger

Flinders Resources Ltd (CVE:FDR) the graphite firm on Thursday reaffirmed the new name of the business if a merger with Tasman Metals (CVE:TSM) goes through, as it announced reduced losses in its six-month earnings to April 30.

In May the company announced plans for merger and it proposed that the combined company, should the potential merger be successful, be known as Kinetic Materials Corporation, or such other name as the company may decide.

Net loss and comprehensive loss was C$449,683 in the three months to April versus a loss of C$713,996 in the same period a year earlier. For the six months to April, the company recorded a reduced loss of C$1mln versus C$1.5mln in the same period a year ago.

Flinders shares were 5.3% higher at C$0.60 on Thursday, while those of Tasman were up 4.2% at C$0.25.

Quick facts: Leading Edge Materials Corp.

Price: 0.125 CAD

TSX-V:LEM
Market: TSX-V
Market Cap: $14.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Leading Edge Materials Corp. named herein, including the promotion by the Company of Leading Edge Materials Corp. in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Leading Edge Materials looking to become a major player in the rare earth sector

Leading Edge Materials (TSXV: LEM-OTCQB: LEMIF) Interim President and CEO Mark Saxon sat down with Proactive's Andrew Scott at PDAC in Toronto to discuss the Canadian company focused on the production of high value critical raw materials for the European market. Leading Edge's assets and...

on 03/03/2020

2 min read