Financial results for the Group for Year to date January 1 – December 31, 2019

Danderyd February 20, 2020

  • The closing balance of cumulative capitalized exploration assets amounted to 303,438 (59,212) KSEK, corresponding to an increase of 412%.
  • Total shareholders’ equity was 264,317 (65,412) KSEK, corresponding to an increase of 304%.
  • Total assets at the end of the period was 333,291 (74,681) KSEK, corresponding to an increase of 346%.
  • The cash at hand at the end of the period was 19,098 (1,385) KSEK.
  • Result of the period amounted to -14,552 (-459) KSEK, to significant extent due to the intensified project development and to one-offs regarding the Viscaria acquisition and the rights issue. The corresponding period included a capital gain on NIO convertible of 8.2 MSEK.
  • Result of the period per share was -0.03 (-0.00) SEK.
  • The cash flow during the period was 17,713 (-26,901) KSEK.

Financial results for the Group for October 1 – December 31, 2019:

  • Result of the period amounted to -3,595 (-5,048) KSEK.
  • Earnings after tax per share were -0.01 (-0.02) SEK.
  • The cash flow during the period was 3,234 (-952) KSEK.

Significant events during the period:

  • Norrlandsfonden invests in Copperstone.
  • Amortization of the remaining debt regarding Viscaria.
  • Viscaria Drillings – VDD0201 returns 15m @ 0.73% Cu and 6m @ 1.45% Cu outside the Mineral Resource Boundary.
  • First tranche with Yorkville fully settled.
  • Copperstone recruits the Study Manager to Viscaria.
  • Directed placement of 2.74 MSEK.
  • The Supreme Administrative Court rules in favor of Copperstone and Sandberget 500.
  • Directed placement of 13.5 MSEK in cash; Jörgen Olsson nominated Chairman.

Significant events after the period:

  • Recruitment of Exploration Manager.
  • Viscaria Mine Drilling and Results Update.

For further information, please contact Michael Mattsson (CEO) at +46(0)580-88890, +46(0)705 739 777, info@copperstone.se or refer to Copperstone webpage: www.copperstone.se.

This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above-mentioned contact for publishing February 20, 2020 at 07:10 CET. Please see attached pdf for the complete year-end report.

Om Copperstone

Copperstone is a public company trading as COPP B on Nasdaq First North Growth Market in Stockholm, Sweden. The Certified Adviser is Augment Partners AB, info@augment.se, +46 8 505 65 172. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining districts of Kiruna and the Skellefte-field in northern Sweden. In addition, the Company also owns an exploitation concession in the Bergslagen mining region, in central Sweden.

Attachment

sv_SESwedish