Latin Resources (ASX:LRS) announced financial results for the half-year ended June 30, 2022.
No dividends were paid or declared during the half year or in the period to the date of this report.
The Group's principal activities during the course of the half year continued to be mineral exploration and evaluation.
The result for the consolidated entity for the six months ended 30 June 2022 was a loss of $5,718,251 (2021: loss of $3,995,957).
Latin Resources is an Australian-based mineral exploration company, with projects in Australia and South America, that is developing mineral projects in commodities that progress global efforts towards Net Zero emissions.
The Company established an Option Funding Agreement of $2,500,000 with Lind Asset Management XII, LLC during February 2022 with a 14-month term and face value of $2,750,000. The Company has fully repaid the facility during the reporting period.
Following the announcement the company?s share price rose 4.166%.