StockMarketWire.com - African Battery Metals booked a first-half loss amid a 'turbulent time' that saw financing constraints limiting its operating capacity.

Pre-tax losses for the six months through March amounted to £335k, compared to £593k of losses on year.

The company completed a business restructuring and refinancing exercise in February and subsequently launched a strategic review.

It is currently focusing on prospects in the Democratic Republic of the Congo, Cameroon and Botswana.

'Despite the challenges in late 2018, ABM is now, in the opinion of the board, extremely well positioned for what we expect will be a strong natural resource sector recovery, particularly in respect of battery and electrification metals and storage metals,' executive director Paul Johnson said.

'Notwithstanding the cleaning up of the outstanding creditors following the refinancing in February 2019, relaunching exploration programmes across two of our main projects, and acquiring new business interests we remain in a robust financial position.'


At 1:38pm: [LON:ABM] African Battery Metals Plc share price was -0.05p at 0.4p



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