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Century Global says it is making progress with its Joyce Lake project as it wraps up FY22

Century Global says it is making progress with its Joyce Lake project as it wraps up FY22

Century Global Commodities Corp (TSX:CNT) CEO Sandy Chim joined Proactive's Stephen Gunnion to discuss the company's results for the year to March 31, 2022.

Chim telling Proactive that the company ended the year with a working capital balance of C$11.3 million.

He said the company was supported by its countercyclical food products business Century Food, which contributed C$8.7 million to Century Global’s topline revenue for the 2022 financial year.

The company is also currently in the midst of updating a 2015 feasibility study on its Joyce Lake project and is undergoing environmental assessment. Joyce Lake is held in a special purpose vehicle, Joyce Direct Iron Inc, which will be spun out into a separate listed company.

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