on Supreme Critical Metals Inc. (isin : CA8685951094)
Supreme Critical Metals Inc. Delays Annual Financial Filing
Supreme Critical Metals Inc. announced a delay in filing its audited annual financial statements for the year ending February 28, 2025. The company cites a working capital deficit as the primary reason for the delay, preventing the engagement of auditors. As a result, Supreme is in default under Part 4 of National Instrument 51-102.
In response, Supreme has applied for a management cease trade order (MCTO) with the British Columbia Securities Commission. This MCTO, if granted, would limit trading by company management but not affect non-insider shareholders. The company aims to remedy the default and expects to file the required documents by August 31, 2025.
No insolvency proceedings are pending, and all material information has been disclosed. Supreme is working to complete its audit expeditiously and plans to follow alternative information guidelines during the default period.
R. E.
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