Gold Mountain Provides Update Respecting Late Filing of Annual Financial Statements

Rhea-AI Summary

Gold Mountain Mining (OTCQB:GMTNF) has announced a delay in filing its annual financial statements and related documents for the fiscal year ended March 31, 2025. The company, which previously received a management cease trade order (MCTO) on July 2, 2025, will not meet its revised filing deadline of July 30, 2025.

The company now expects to file the required documents by August 13, 2025. Gold Mountain will continue to provide bi-weekly status updates in accordance with National Policy 12-203 Management Cease Trade Orders while the default persists. The company confirms there have been no material changes since the initial default announcement on July 2, 2025.

Positive

• None.

Negative

• Failure to meet the original June 30, 2025 filing deadline for annual financial statements
• Unable to meet the revised July 30, 2025 filing deadline
• Management cease trade order (MCTO) remains in effect

VANCOUVER, BC / ACCESS Newswire / July 30, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to provide an update with respect to the previously announced management cease trade order (the "MCTO") issued by the British Columbia Securities Commission on July 2, 2025. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements for the financial year ended March 31, 2025 (the "Financial Statements") and its management's discussion and analysis, CEO and CFO filing certificates and annual information form relating to the Financial Statements (collectively, the "Required Filings") before the prescribed filing deadline of June 30, 2025 (the "Filing Deadline").

The Company previously announced that it expected to file the Required Filings by July 30, 2025. However, while the Company and the auditor continue to make progress, the Required Filings will not be filed by that date. The Company continues to work closely with its auditor and anticipates filing the Required Filings on or before August 13, 2025.

The Company is providing this status update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The Company confirms as of the date of this news release that there has been no material change in the information contained in the default announcement issued on July 2, 2025, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

About Gold Mountain

Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedarplus.ca or on the Company's website at www.goldmountainminingcorp.ca.

For more information, please contact:

Gold Mountain Mining Corp.
Email: info@goldmountainminingcorp.ca
Website: www.goldmountainminingcorp.ca

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Forward Looking Statements

Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

SOURCE: Gold Mountain Mining Corp

View the original press release on ACCESS Newswire

FAQ

Why did Gold Mountain Mining (GMTNF) receive a management cease trade order in July 2025?

Gold Mountain received an MCTO on July 2, 2025, due to failing to file its annual financial statements and related documents for the year ended March 31, 2025, by the June 30, 2025 deadline.

When will Gold Mountain Mining (GMTNF) file its delayed 2025 annual financial statements?

Gold Mountain expects to file its annual financial statements and related documents by August 13, 2025, after missing both the original June 30 deadline and revised July 30 deadline.

What is the current status of Gold Mountain Mining's (GMTNF) management cease trade order?

The MCTO remains in effect, and the company will continue providing bi-weekly status updates until the required filings are completed. No material changes have occurred since the July 2, 2025 default announcement.

What are the implications of the MCTO for Gold Mountain Mining (GMTNF)?

The MCTO restricts certain management trading activities while the company remains in default of its filing obligations. The company must provide regular status updates until the required filings are completed.