Supreme Critical Metals Inc. Provides Second Default Status Update
Supreme Critical Metals (OTC:VRCFF) has issued its second bi-weekly default status report regarding the delayed filing of its annual financial statements for the year ended February 28, 2025. The company missed its original filing deadline of June 27, 2025 for its required annual audited financial statements, management's discussion and analysis, and related certifications.
The company's management confirms they are working to complete the Required Filings and states there has been no other material undisclosed information since their July 4 update. Supreme will continue issuing bi-weekly status reports as required by National Policy 12-203. If the company fails to file in a timely manner, regulatory authorities may impose a cease trade order on Supreme's securities.
Supreme Critical Metals (OTC:VRCFF) ha pubblicato il suo secondo rapporto bisettimanale sullo stato di default riguardante il ritardo nella presentazione del bilancio annuale per l'anno conclusosi il 28 febbraio 2025. La societ脿 non ha rispettato la scadenza originale del 27 giugno 2025 per la presentazione del bilancio annuale certificato, della discussione e analisi della direzione e delle relative certificazioni.
La direzione conferma di essere al lavoro per completare le presentazioni richieste e dichiara che non ci sono state altre informazioni rilevanti non divulgate dalla loro comunicazione del 4 luglio. Supreme continuer脿 a pubblicare rapporti bisettimanali come previsto dalla Politica Nazionale 12-203. In caso di mancata presentazione tempestiva, le autorit脿 regolatorie potrebbero emettere un ordine di sospensione delle negoziazioni sui titoli di Supreme.
Supreme Critical Metals (OTC:VRCFF) ha emitido su segundo informe quincenal de estado de incumplimiento respecto al retraso en la presentaci贸n de sus estados financieros anuales correspondientes al a帽o finalizado el 28 de febrero de 2025. La compa帽铆a no cumpli贸 con la fecha l铆mite original del 27 de junio de 2025 para presentar sus estados financieros auditados anuales, el an谩lisis y discusi贸n de la gerencia, y las certificaciones relacionadas.
La gerencia confirma que est谩n trabajando para completar las presentaciones requeridas y afirma que no ha habido otra informaci贸n material no divulgada desde su actualizaci贸n del 4 de julio. Supreme continuar谩 emitiendo informes de estado quincenales seg煤n lo exige la Pol铆tica Nacional 12-203. Si la compa帽铆a no presenta a tiempo, las autoridades regulatorias podr铆an imponer una orden de suspensi贸n de negociaci贸n sobre los valores de Supreme.
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Supreme Critical Metals (OTC:VRCFF) a publi茅 son deuxi猫me rapport d'茅tat de d茅faut bimensuel concernant le retard dans le d茅p么t de ses 茅tats financiers annuels pour l'exercice clos le 28 f茅vrier 2025. La soci茅t茅 n'a pas respect茅 la date limite initiale du 27 juin 2025 pour le d茅p么t des 茅tats financiers annuels audit茅s, de la discussion et analyse de la direction, ainsi que des certifications associ茅es.
La direction confirme qu'elle travaille 脿 la finalisation des d茅p么ts requis et indique qu'aucune autre information importante non divulgu茅e n'a 茅t茅 communiqu茅e depuis leur mise 脿 jour du 4 juillet. Supreme continuera de publier des rapports d'茅tat bimensuels conform茅ment 脿 la Politique Nationale 12-203. En cas de non-d茅p么t dans les d茅lais, les autorit茅s r茅glementaires pourraient imposer une ordonnance de cessation de n茅gociation sur les titres de Supreme.
Supreme Critical Metals (OTC:VRCFF) hat seinen zweiten zweiw枚chentlichen Statusbericht zum Zahlungsverzug bez眉glich der versp盲teten Einreichung der Jahresfinanzberichte f眉r das am 28. Februar 2025 endende Gesch盲ftsjahr ver枚ffentlicht. Das Unternehmen hat die urspr眉ngliche Frist vom 27. Juni 2025 f眉r die erforderlichen gepr眉ften Jahresabschl眉sse, die Management-Diskussion und Analyse sowie die zugeh枚rigen Zertifizierungen nicht eingehalten.
Das Management best盲tigt, dass es an der Fertigstellung der erforderlichen Einreichungen arbeitet und erkl盲rt, dass seit dem Update vom 4. Juli keine weiteren wesentlichen, nicht offengelegten Informationen vorliegen. Supreme wird weiterhin alle zwei Wochen Statusberichte gem盲脽 der National Policy 12-203 herausgeben. Sollte das Unternehmen nicht fristgerecht einreichen, k枚nnten die Aufsichtsbeh枚rden einen Handelsstopp f眉r die Wertpapiere von Supreme verh盲ngen.
- None.
- Delayed filing of annual financial statements beyond deadline
- Risk of potential cease trade order from regulatory authorities
- Company remains in default of financial statement filing requirement
VANCOUVER, BC / / July 18, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") provides its second 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's Board of Directors and management confirm that they are working expeditiously to file the Required Filings and confirm that since the Company's news release dated July 4, 2025, there is no other material information respecting the Company's affairs that has not been generally disclosed.
Until the Required 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 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: [email protected]
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鈥恖ooking 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. 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.
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FAQ
Why did Supreme Critical Metals (VRCFF) miss its financial filing deadline?
What are the consequences if Supreme Critical Metals fails to file its required financial statements?
When was Supreme Critical Metals (VRCFF) supposed to file its annual financial statements?
What actions is Supreme Critical Metals taking during this default period?
