Pathfinder reports its audited financial results for the year ended 31 December 2020. The full annual report including all notes to the accounts has been posted to shareholders and is available on the Company's website at www.pathfinderminerals.com.
Dennis Edmonds, Chairman, commented:
"With a new Chief Executive Officer appointed during 2020 and fundraises during the first half of 2021, Pathfinder is in the strongest position it has been in for several years to recover value through a substantial claim against the government of Mozambique under the Mozambique-United Kingdom Bilateral Investment Treaty. With estimated losses in connection with the diversion of its Licence, including lost profits, exceeding US$621 million, a legal opinion from Counsel in the Company's favour, and the means to progress a claim to the point of securing third-party litigation funding, the opportunity for Pathfinder is clear. Pathfinder has also broadened its horizon to actively consider exploring additional opportunities in advance of, in parallel with, or subsequent to, a resolution of the expropriation."