TechFinancials, Inc. today posted its Unaudited Interim Report for the six months ended 30 June 2025.

Company revenues are US$ nil in the first half of 2025. Loss for the period attributable to shareholders is US$0.06m (H1 2024: loss of US$0.09m).

Cash position at the period end of H1 2025 is US$0.15m (31 December 2024: US$0.17m).

The company posted basic loss per share (“EPS”) of (US$0.001) (H1 2024 (US$0.001)).

Asaf Lahav, Chief Executive Board Member of TechFinancials, commented:

“I am pleased to announce major progress in our continuous efforts to locate investment opportunities to maximise the Company’s value, leveraging its available cash.

Since the prior reporting period, the Company has agreed acquisition terms to acquire up to 60% of Dilotiko Limited, the iron ore Project, located in Taita Taveta County, Kenya. At the forthcoming Annual General Meeting to be held on 16 October 2025, Shareholders will be asked to approve the 25% acquisition of the Dilotiko Project and the option to acquire up to 60% of Dilotko Limited. Details can be found in the announcement of 18 September 2025”.

Subject to approval of these Resolutions, the company will also proceed with an underwritten placing of £250,000, supported by Gathoni Muchai Investments Limited (“GMI”), and implement a change of name to Ubuntu Mining and Metals, Inc. with a new ticker symbol “UNTU”.