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The Westaim Corporation Reports Q4 and Full Year 2024 Results and Update on Timing of Proposed Transactions with CC Capital

Note: All dollar amounts in this press release are expressed in U.S. dollars, except as otherwise noted. All share amounts in this press release are after giving effect to the Share Consolidation (as defined herein). The financial results are reported under International Financial Reporting Standards (“IFRS”), except as otherwise noted. TORONTO — The Westaim Corporation […]



The Westaim Corporation reported a net loss of $21.3 million for Q4 2024 and a net loss of $16.2 million for the full year ended December 31, 2024. Shareholders' equity was $497.4 million with 21,706,501 common shares outstanding. Book value per share was $22.88. Proposed transactions with CC Capital have not closed. The Company completed a share consolidation and changed its jurisdiction of incorporation to Delaware.

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