Elysee Development Corp reported strong Q1 2025 financial results with net income of $1,922,864 ($0.07 per share), significantly higher than Q1 2024's $278,436. The company achieved total investment income of $2,124,739, including realized gains of $479,550 and unrealized gains of $1,583,261. Net Asset Value increased to $0.49 per share from $0.42, with cash on hand of $1,886,015. The company benefited from strong gold prices and increased M&A activity in the mining sector. Key investments include U.S. Vanadium, Arizona Sonoran Copper, and Dundee Precious Metals. The company also granted 100,000 restricted share units to directors and officers, vesting annually over three years starting May 7, 2026.
Elysee Development Corp ha riportato solidi risultati finanziari nel primo trimestre 2025 con un utile netto di 1.922.864 dollari (0,07 dollari per azione), notevolmente superiore ai 278.436 dollari del primo trimestre 2024. La società ha ottenuto un reddito totale da investimenti di 2.124.739 dollari, comprendente guadagni realizzati per 479.550 dollari e guadagni non realizzati per 1.583.261 dollari. Il valore patrimoniale netto è aumentato a 0,49 dollari per azione rispetto a 0,42, con una liquidità disponibile di 1.886.015 dollari. La società ha beneficiato di prezzi dell’oro elevati e di un incremento delle attività di fusioni e acquisizioni nel settore minerario. Gli investimenti principali includono U.S. Vanadium, Arizona Sonoran Copper e Dundee Precious Metals. Inoltre, la società ha concesso 100.000 unità azionarie vincolate a direttori e dirigenti, con maturazione annuale in tre anni a partire dal 7 maggio 2026.
Elysee Development Corp reportó sólidos resultados financieros en el primer trimestre de 2025 con un ingreso neto de 1.922.864 dólares (0,07 dólares por acción), significativamente superior a los 278.436 dólares del primer trimestre de 2024. La compañía logró un ingreso total por inversiones de 2.124.739 dólares, incluyendo ganancias realizadas de 479.550 dólares y ganancias no realizadas de 1.583.261 dólares. El valor neto de los activos aumentó a 0,49 dólares por acción desde 0,42, con un efectivo disponible de 1.886.015 dólares. La empresa se benefició de los altos precios del oro y del aumento de la actividad de fusiones y adquisiciones en el sector minero. Las inversiones clave incluyen U.S. Vanadium, Arizona Sonoran Copper y Dundee Precious Metals. Además, la compañía otorgó 100.000 unidades restringidas a directores y oficiales, con adjudicación anual durante tres años a partir del 7 de mayo de 2026.
Elysee Development Corp는 2025년 1분기에 순이익 1,922,864달러(주당 0.07달러)라는 강력한 재무 실적을 보고했으며, 이는 2024년 1분기의 278,436달러보다 크게 증가한 수치입니다. 회사는 총 투자 수익 2,124,739달러를 달성했으며, 이에는 실현 이익 479,550달러와 미실현 이익 1,583,261달러가 포함됩니다. 순자산 가치는 주당 0.49달러로 0.42달러에서 상승했으며, 현금 보유액은 1,886,015달러입니다. 회사는 강한 금 가격과 광산업 부문의 M&A 활동 증가로 혜택을 받았습니다. 주요 투자처로는 U.S. Vanadium, Arizona Sonoran Copper, Dundee Precious Metals가 있습니다. 또한, 회사는 이사 및 임원에게 100,000개의 제한 주식 단위를 부여했으며, 이는 2026년 5월 7일부터 3년에 걸쳐 매년 권리가 부여됩니다.
Elysee Development Corp a annoncé de solides résultats financiers pour le premier trimestre 2025 avec un bénéfice net de 1 922 864 $ (0,07 $ par action), nettement supérieur aux 278 436 $ du premier trimestre 2024. La société a réalisé un revenu total d'investissement de 2 124 739 $, comprenant des gains réalisés de 479 550 $ et des gains non réalisés de 1 583 261 $. La valeur nette d'inventaire a augmenté pour atteindre 0,49 $ par action contre 0,42 $, avec une trésorerie disponible de 1 886 015 $. La société a bénéficié de la hausse des prix de l'or et de l'augmentation des activités de fusions et acquisitions dans le secteur minier. Les investissements clés comprennent U.S. Vanadium, Arizona Sonoran Copper et Dundee Precious Metals. Par ailleurs, la société a attribué 100 000 unités d'actions restreintes aux administrateurs et dirigeants, avec une acquisition progressive annuelle sur trois ans à partir du 7 mai 2026.
Elysee Development Corp meldete starke Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 1.922.864 USD (0,07 USD pro Aktie), was deutlich höher ist als die 278.436 USD im ersten Quartal 2024. Das Unternehmen erzielte ein Gesamtanlageergebnis von 2.124.739 USD, darunter realisierte Gewinne von 479.550 USD und unrealisierte Gewinne von 1.583.261 USD. Der Nettovermögenswert stieg von 0,42 USD auf 0,49 USD pro Aktie, mit einem Kassenbestand von 1.886.015 USD. Das Unternehmen profitierte von hohen Goldpreisen und einer verstärkten M&A-Aktivität im Bergbausektor. Zu den wichtigsten Investitionen zählen U.S. Vanadium, Arizona Sonoran Copper und Dundee Precious Metals. Zudem gewährte das Unternehmen 100.000 eingeschränkte Aktieneinheiten an Direktoren und Führungskräfte, die jährlich über drei Jahre ab dem 7. Mai 2026 vesten.
Positive
Net income increased significantly to $1,922,864 ($0.07 per share) in Q1 2025 from $278,436 in Q1 2024
Total investment income grew to $2,124,739 in Q1 2025 from $394,915 in Q1 2024
Net Asset Value per share increased to $0.49 from $0.42 in the quarter
Strong cash position of $1,886,015 as of March 31, 2025
Portfolio benefiting from increased M&A activity in the mining sector
Negative
Administrative expenses of $201,875 impacted earnings
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Elysee Development Corp. (TSXV: ELC) (FSE: QLDN) is pleased to announce its unaudited financial results for the three months ended March 31, 2025 ("Q1 2025"). All dollar amounts are in Canadian funds.
Highlights from the Q1 2025 results include:
Net income of $1,922,864 ($0.07 per share) in Q1 2025 as compared to $278,436 ($0.01 per share) in Q1 2024;
Total investment income of $2,124,739 in Q1 2025 as compared to $394,915 in Q1 2024;
Net Asset Value per share increased to $0.49 per share as of March 31, 2025 from $0.42 per share on December 31, 2024; and
Cash on hand as of March 31, 2025 of $ 1,886,015.
During the first three months of 2025 Elysee's investment portfolio recorded a realized gain on securities of $479,550, interest and dividend income of $54,024 and an unrealized gain on securities of $1,583,261, offset by general and administrative expenses of $201,875.
Guido Cloetens, President and CEO of Elysee Development Corp. made the following statement:
"The strong performance of the price of gold during the first quarter of 2025 had a positive impact on the gold mining sector, and gold producers in particular. Many exploration and development companies are still undervalued, however. In recent weeks some of the smaller companies Elysee owns have received take-over proposals. We're seeing a notable increase in M&A activity, and we expect this to continue if the price of gold remains strong.
With a current cash position of almost $2 million we are well positioned to profit from opportunities that may arise in the coming months."
In the latter part of Q1 2025 the Company realized gains by reducing its positions in Dundee Precious Metals Inc., Agnico Eagle Mines Ltd., Almonty Industries Inc. and others. Investments were made in Premium Resources Ltd., a gold-linked note issued by West Red Lake Gold Mines Ltd and several developing copper and gold companies.
On February 23, 2025 Calibre Mining received an initial merger proposal from Equinox Gold. Equinox subsequently increased its bid on April 24 to 0.35 shares of Equinox for every share of Calibre Mining, with shareholders of both companies approving the merger on May 1, 2025. On completion, the new entity will become the third largest equity investment of Elysee after US Vanadium and Arizona Sonoran Copper Company.
The most significant investments on March 31, 2025 were U.S. Vanadium LLC (privately held), Arizona Sonoran Copper Company Inc., Dundee Precious Metals Inc., Agnico Eagle Mines Limited, Wesdome Gold Mines Limited and OceanaGold Corporation.
During the three months ended March 31, 2025 the Company did not purchase any of its shares pursuant to a Normal Course Issuer Bid. There were 28,321,613 shares outstanding at the end of the period.
For more information on these investments and others made during the period, please refer to the MD&A dated May 6, 2025 on SEDAR+ or on our website at www.elyseedevelopment.com.
On March 31, 2025, Elysee's net asset value ("NAV") was $0.49 per share compared to $0.42 on December 31, 2024. NAV is a non-GAAP (generally accepted accounting principles) measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. For the purpose of this calculation, share purchase warrants held by Elysee were valued using the Black-Scholes model calculation, as reported in our annual and quarterly financial statements. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP measure presented in Elysee's financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that NAV can provide information useful to its shareholders in understanding its performance and may assist in the evaluation of its business relative to that of its peers.
The Financial Statements and Management Discussion and Analysis are available for viewing on SEDAR+ and at www.elyseedevelopment.com.
Grant of Restricted Share Units
On May 6, 2025 the Company granted a total of 100,000 restricted share units (RSUs) to directors and officers in accordance with the rules of the TSX Venture Exchange and the company's equity incentive plan. The RSUs will vest annually in three equal tranches starting May 7, 2026, and once vested, each RSU will entitle the holder thereof to receive a common share in the capital of the company. The RSU grants are subject to regulatory approval.
FOR FURTHER IN FORMATION, PLEASE CONTACT:
Guido Cloetens President and CEO Elysee Development Corp. Tel: (778) 373-1562 E-mail: info@elyseedevelopment.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
Elysee Development Corp reported earnings of $0.07 per share for Q1 2025, up from $0.01 per share in Q1 2024.
How much cash does Elysee Development have on hand as of March 31, 2025?
Elysee Development reported cash on hand of $1,886,015 as of March 31, 2025.
What is Elysee Development's current Net Asset Value per share?
Elysee Development's Net Asset Value increased to $0.49 per share as of March 31, 2025, up from $0.42 per share on December 31, 2024.
What were Elysee Development's major investments as of March 31, 2025?
The most significant investments were U.S. Vanadium LLC, Arizona Sonoran Copper Company Inc., Dundee Precious Metals Inc., Agnico Eagle Mines Limited, Wesdome Gold Mines Limited and OceanaGold Corporation.
How many restricted share units (RSUs) did Elysee Development grant in May 2025?
Elysee Development granted 100,000 restricted share units to directors and officers, vesting annually in three equal tranches starting May 7, 2026.
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