Interim report
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COPPERSTONE RESOURCES Kiruna , May 19 , 2021 INTERIM REPORT JANUARY - MARCH 2021 JANUARY - MARCH 2021 • Result of the period amounted to -5,102 ( -1,674 ) KSEK . • Earnings per share was -0.01 ( -0.00 ) SEK . • • • • Capitalized exploration assets at the end of the period amounted to 358,013 ( 311,040 ) KSEK . Shareholders ' equity at the end of the period increased by 72 % to 455,539 ( 265,193 ) KSEK . Total assets at the end of the period were 478,616 ( 333,101 ) KSEK . The cash flow during the period was 114,909 ( -8,381 ) KSEK . The liquidity at the end of the period was 115,861 ( 10,717 ) KSEK . In April 2021 , a further 96 MSEK was raised in a directed issue . SIGNIFICANT EVENTS DURING THE PERIOD • • • Copperstone completed an oversubscribed rights issue of 170 MSEK including over - allotment . The Swedish Parliament decided to automatically extend certain permits by one year due to Covid 19 . Malcolm Norris , representing Copperstone's main owner Sunstone Metals Ltd , resigned from the Board . SIGNIFICANT EVENTS AFTER THE PERIOD • Copperstone completes a directed issue of shares and received proceeds of 96 MSEK . • Copperstone appoints Marcello Imaña as Chief Geologist . • • Copperstone Resources open invitation to consultation meetings on the reopening of the Viscaria mine . Copperstone appoints Anna Tyni as new CEO . " With only a few weeks on the job as new CEO of Copperstone , I feel very inspired and excited about the prospects for the Group . Our mission is very clear : to reopen the Viscaria mine . This is a unique opportunity in many ways . We continue to add experts to our team in Kiruna and we have further strengthened our financial capabilities which enables us to work with full speed in our preparation work and project planning . Our key focus is the application work for an environmental permit that we intend to file at the end of the year . We recently announced a very important step in that process when we invited the public to consultation meetings . " , comments CEO Anna Tyni . Copperstone Resources AB Org . nr 556704-4168 Q1 2021 1