Ascot Resources Reports Increased Losses and Announces Restructuring Plans
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Ascot Resources Ltd. reported a significant increase in net loss for Q3 2025, driven by care and maintenance expenses and an impairment charge. The company announced a rights offering to raise funds for debt settlement and is restructuring with Fiore Management. Ascot is also renegotiating debt with Nebari Group and amending secured streams with Sprott. Its shares have been delisted from the Toronto Stock Exchange to the NEX Board of TSXV. Analysts rate the stock as Hold with a C$0.05 price target, reflecting concerns over financial performance and operational delays.
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