Ms. Neha Tally reports
ST-GEORGES PROVIDES UPDATE ON ANNUAL FINANCIAL FILINGS AND ANNOUNCES RECEIPT OF MANAGEMENT CEASE TRADE ORDER
St-Georges Eco-Mining Corp.'s consolidated audited financial statements for the fiscal year ended March 31, 2026, including the related management discussion and analysis and the related chief executive officer and chief financial officer certifications have not been filed by the required filing deadline of July 29, 2026.
The annual financial statements were not filed before the filing deadline due to unforeseen delays in the completion of the audit. The delays are primarily attributable to the complete change in management in one of the company's wholly owned subsidiaries, which resulted in a lack of continuity with respect to the subsidiary's accounting records and financial information, requiring additional audit procedures. The company is working diligently with its auditor to complete the remaining audit procedures as soon as practicable.
The company expects to file the financial documents on or before Sept. 28, 2026, and will provide updates as further information becomes available.
The corporation applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) against the corporation's chief executive officer and chief financial officer, prohibiting them from trading in securities of the corporation. The MCTO will remain in effect until the financial documents are filed and require that the financial documents be filed on or before Sept. 28, 2026.
Until the financial documents are filed, the corporation intends to issue biweekly default status reports in accordance with National Policy 12-203, Management Cease Trade Orders. The corporation intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements. The corporation confirms that there is no other material information relating to its affairs that has not been generally disclosed.
Other than as disclosed herein, the corporation is up to date in its filing obligations.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending intellectual property within several highly prospective subsidiaries, including: EVSX, a battery processing initiative; St-Georges Metallurgy, with metallurgical R&D (research and development) and related IP (intellectual property), including processing and recovering high-grade lithium from spodumene; Iceland Resources, with high-grade gold exploration projects including the Thor project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie nickel, copper and PGE (platinum group element) critical mineral projects on Quebec's North Shore and the Notre-Dame niobium project in Lac St-Jean.
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