sur Supreme Critical Metals Inc. (CVE:CRIT)
Supreme Critical Metals Inc. Faces Trade Order Due to Filing Delays
Supreme Critical Metals Inc. (CSE:CRIT), based in Vancouver, failed to meet the June 27, 2025 deadline for its financial year-end filings. Consequently, the British Columbia Securities Commission (BCSC) issued a management cease trade order (MCTO) on July 2, 2025. This enforcement restricts trading by the company's CEO and CFO until compliance is restored.
The MCTO doesn't impede non-insider shareholders from trading their shares. Supreme anticipates resolving this by August 29, 2025. Meanwhile, the company halted its securities distribution, adhering to existing regulations. Supreme commits to bi-weekly updates and maintains transparency regarding its default status.
No other significant changes or insolvency issues are reported. This situation highlights the importance of timely financial reporting within regulatory frameworks.
R. E.
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