Consolidated Lithium Metals Inc (JORFF)

[StockLogistics]

“As at June 30, 2021, Jourdan has a working capital deficiency of $957,470 (December 31, 2020 – $826,219), and an accumulated deficit of $24,180,154 (December 31, 2020 - $22,744,620). These matters represent material uncertainties that cast significant doubt as to the Company`s ability to continue as a going concern. The continuation of Jourdan as a going concern is dependent upon the ability of the Company to obtain the necessary equity financing to continue operations, the successful results of mineral property exploration activities and its ability to attain profitable operations and generate funds therefrom or realize proceeds from their sale. Jourdan may periodically have to raise additional capital to fund projects and continue operations and while it has been successful in doing so in the past, there can be no assurance the Company will be able to do so in the future. Management believes Jourdan will obtain the funding required to maintain current levels of operations and continue as a going concern for the following year. See Note 14.“

https://backend.otcmarkets.com/otcapi/company/financial-report/299941/content

Assets decreased. Net loss 1.5 million. Dilution via debt financing likely, all imo.