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How Novo Resources Tackled a $22.4M Loss and Raised $5.9M in Capital
8:22am on Monday 23rd of March, 2026 AEDT
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Mining
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How Novo Resources Tackled a $22.4M Loss and Raised $5.9M in Capital
8:22am on Monday 23rd of March, 2026 AEDT
Key Points
2025 net loss of CAD 22.4 million, marginally improved from 2024
Significant impairment charges on exploration assets totaling over CAD 10 million
Fair value adjustments on unlisted marketable securities impacting equity
Successful post-year-end capital raise of CAD 5.9 million
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