Supreme Critical Metals Inc. Provides Fourth Default Status Update
Supreme Critical Metals Inc. (OTC:VRCFF) has issued its fourth bi-weekly Default Status Report regarding delayed financial filings. The company has failed to file its annual audited financial statements for the year ended February 28, 2025, which were due on June 27, 2025. Additionally, Supreme has missed the July 30, 2025 deadline for its Q1 2025 interim financial statements.
The company's management is working to complete both the Required Filings and Interim Filings, with the interim reports to be filed within five business days after the annual filings. Supreme will continue issuing bi-weekly status updates, though it faces the risk of a potential cease trade order if the delays persist.
Supreme Critical Metals Inc. (OTC:VRCFF) ha pubblicato il suo quarto Rapporto di Stato quindicinale relativo ai ritardi nelle comunicazioni finanziarie. La società non ha depositato i suoi bilanci annuali certificati per l'esercizio chiuso il 28 febbraio 2025, che erano scaduti il 27 giugno 2025. Inoltre, Supreme non ha rispettato la scadenza del 30 luglio 2025 per i suoi rendiconti trimestrali provvisori del 1° trimestre 2025.
La direzione sta lavorando per completare sia le Comunicazioni Richieste sia i Rendiconti Provvisori, con l'impegno di depositare i rapporti provvisori entro cinque giorni lavorativi dal deposito dei bilanci annuali. Supreme continuerà a pubblicare aggiornamenti di stato ogni due settimane, ma rimane il rischio di un'eventuale sospensione delle negoziazioni se i ritardi dovessero protrarsi.
Supreme Critical Metals Inc. (OTC:VRCFF) ha emitido su cuarto Informe de Estado quincenal sobre retrasos en las presentaciones financieras. La compañía no presentó sus estados financieros anuales auditados correspondientes al ejercicio cerrado el 28 de febrero de 2025, que vencían el 27 de junio de 2025. Además, Supreme no cumplió con la fecha límite del 30 de julio de 2025 para sus estados financieros interinos del 1T 2025.
La dirección está trabajando para completar tanto las Presentaciones Requeridas como las Presentaciones Interinas, y los informes interinos se presentarán dentro de los cinco días hábiles posteriores a la presentación de los estados anuales. Supreme continuará publicando actualizaciones de estado quincenales, aunque enfrenta el riesgo de una posible orden de cese de negociación si los retrasos persisten.
Supreme Critical Metals Inc. (OTC:VRCFF)는 재무보고 지연에 관한 네 번째 격주 현황 보고서를 발행했습니다. 회사는 2025년 2월 28일로 종료된 연도의 감사 완료 연례 재무제표를 2025년 6월 27일까지 제출하지 못했습니다. 또한 Supreme는 2025년 7월 30일 마감일의 2025년 1분기 중간 재무제표 제출을 놓쳤습니다.
경영진은 필수 제출서류(Required Filings)와 중간 제출서류(Interim Filings)를 완료하기 위해 작업 중이며, 중간 보고서는 연례보고서 제출 후 5영업일 이내에 제출될 예정입니다. Supreme는 격주 현황 업데이트를 계속 발행할 것이나, 지연이 지속될 경우 거래 정지 명령이 내려질 위험이 있습니다.
Supreme Critical Metals Inc. (OTC:VRCFF) a publié son quatrième rapport d'état bihebdomadaire concernant les retards de dépôts financiers. La société n'a pas soumis ses états financiers annuels audités pour l'exercice clos le 28 février 2025, dont la date d'échéance était le 27 juin 2025. De plus, Supreme a manqué la date limite du 30 juillet 2025 pour ses états financiers intermédiaires du 1er trimestre 2025.
La direction travaille à finaliser à la fois les Dépôts Obligatoires (Required Filings) et les Dépôts Intermédiaires (Interim Filings), les rapports intermédiaires devant être déposés dans les cinq jours ouvrables suivant le dépôt des comptes annuels. Supreme continuera de publier des mises à jour d'état toutes les deux semaines, mais s'expose au risque d'une éventuelle suspension des négociations si les retards persistent.
Supreme Critical Metals Inc. (OTC:VRCFF) hat seinen vierten zweiwöchentlichen Statusbericht zu verzögerten Finanzberichten veröffentlicht. Das Unternehmen hat seine jahresabschließenden geprüften Finanzberichte für das am 28. Februar 2025 endende Geschäftsjahr nicht eingereicht, die am 27. Juni 2025 fällig waren. Zudem hat Supreme die Frist am 30. Juli 2025 für die Zwischenabschlüsse Q1 2025 verpasst.
Das Management arbeitet daran, sowohl die erforderlichen Einreichungen (Required Filings) als auch die Zwischenberichte (Interim Filings) fertigzustellen; die Zwischenberichte sollen innerhalb von fünf Geschäftstagen nach Einreichung der Jahresabschlüsse eingereicht werden. Supreme wird weiterhin zweiwöchentliche Statusupdates veröffentlichen, steht jedoch vor dem Risiko einer möglichen Handelsaussetzung, falls sich die Verzögerungen fortsetzen.
- None.
- Company has failed to file annual financial statements due June 27, 2025
- Q1 2025 interim financial statements are also delayed beyond July 30, 2025 deadline
- Risk of potential cease trade order from Canadian Securities Regulatory Authorities
VANCOUVER, BC / ACCESS Newswire / August 15, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") provides its fourth bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"), pursuant to which Supreme issued its original default announcement indicating that the filing of its annual audited financial statements, annual management's discussion and analysis and related certifications for the financial year ended February 28, 2025 (collectively, the "Required Filings"), would be delayed beyond the filing deadline of June 27, 2025. The Company reports that since it's news release dated August 1, 2025, there have been no material changes to the information contained therein that have not been disclosed, nor any failure by Supreme to fulfill its intentions as stated therein.
As a result of circumstances reasonably linked to the Company's delay in filing the Required Filings, in addition to the default to which this Default Status Report relates, the Company did not meet the deadline for filing its interim unaudited financial statements, interim management's discussion and analysis, and related certifications for the three-month period ended May 31, 2025 (collectively, the "Interim Filings"). As a result of the Company's delay in preparing the Required Filings, the Interim Filings could not be properly completed in accordance with Canadian securities law and regulation. Under the securities laws of the provinces in which Supreme is a reporting issuer, the Interim Filings were to be filed by July 30, 2025.
The Company's Board of Directors and management confirm that they are working expeditiously to meet the Company's obligations related to the filing of the Required Filings and the Interim Filings. The Company will file the Interim Filings within five business days of filing of the Required Filings.
Until the Required Filings and Interim Filings have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the financial statement filing requirement. In the event that the Company does not file the Required Filings and Interim Filings in a timely manner, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Company.
About Supreme Critical Metals Inc.
SUPREME CRITICAL METALS INC. is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver, and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.
For further information, please contact:
George Tsafalas, Director
Phone: Toll Free 1(778) 373-8578
E-mail: info@supremecritalmetals.com
www.supremecriticalmetals.com
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.
More particularly and without limitation, the forward‐looking information in this news release includes: (i) expectations regarding the Company's business plans and operations; (ii) expectations concerning the MCTO; and (iii) expectations regarding the timing of filing the Required Filings and the Interim Filings. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.
Whether actual results, performance, or achievements will conform to Supreme's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Supreme's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.
SOURCE: Supreme Critical Metals Inc.
View the original press release on ACCESS Newswire
FAQ
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