Sankamap Updates Status on Late Filing of Financial Statements; Extends MCTO

About this update from Sankamap Metals Inc

[{"type":"text","content":"Edmonton, Alberta--(Newsfile Corp. - December 3, 2025) - Sankamap Metals Inc. (CSE: SCU) ("Sankamap" or the "Company") further to the Company's news releases dated October 21, 2025, November 4, 2025, and November 18, 2025, the Company continues to work towards the filing of its annual audited financial statements and management's discussion and analysis for the fiscal year ended June 30, 2025 (the "Required Filings"). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") until December 28, 2025.","length":702,"tagName":"p"},{"type":"text","content":"While the audit of Sankamap's private subsidiary has now been completed, timing adjustments in the subsidiary's audit resulted in a brief postponement of fieldwork and the review of Sankamap's audit file. The upcoming holiday period is also expected to affect scheduling. To support timely completion of the audit, the Company intends to appoint the subsidiary's auditor as its auditor, as their familiarity with the Company's mineral property and the Solomon Islands jurisdiction is expected to facilitate an expedited process. A change of auditor is underway, and the Company expects to file the required change of auditor documentation shortly.","length":667,"tagName":"p"},{"type":"text","content":"The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.","length":802,"tagName":"p"},{"type":"text","content":"The Company expects to proceed ...

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