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Supreme Critical Metals Inc. Granted Management Cease Trade Order
VANCOUVER, BC / ACCESS Newswire / July 2, 2025 /Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTCID:VRCFF) ("Supreme" or the "Company") did not file its audited annual financial statements, management's discussion and analysis and related CEO ...
About this update from Supreme Critical Metals Inc
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / July 2, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTCID:VRCFF) ("Supreme" or the "Company") did not file its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended February 28, 2025 (the "Required Filings") by the filing deadline of June 27, 2025, and as a result is in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.","length":544,"tagName":"p"},{"type":"text","content":"As previously announced on June 20, 2025, and June 27, 2025 (collectively, the "Announcement"), the Company applied to the British Columbia Securities Commission (the "BCSC") for a management cease trade order (the "MCTO"), which would restrict all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer and Chief Financial Officer of the Company until such time as the Required Filings are made and the Executive Director of the BCSC revokes the MCTO. The BCSC issued the MCTO on July 2, 2025. The MCTO does not generally affect the ability of shareholders who are not insiders of the Company to trade their securities.","length":692,"tagName":"p"},{"type":"text","content":"The Company and its auditor continue to work diligently toward completing the Required Filings and expect to remedy the default by filing the Required Filings on or before August 29, 2025.","length":188,"tagName":"p"},{"type":"text","content":"Furthermore, the Company confirms that so long as it is in default of its obligations to file all periodic and timely disclosure documents that it is required to have filed, it will cease the distribution of its securities (and any acts in furtherance thereof) under the listed issuer financing exemption described in the offering document of the Company dated June 4, 2025.","length":374,"tagName":"p"},{"type":"text","content":"The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the "alternative information guidelines" under Nati...