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Earthworks Industries Inc
Symbol EWK
Shares Issued 148,606,629
Close 2026-10-30 C$ 0.02
Market Cap C$ 2,972,133
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Earthworks adopts semi-annual financial reporting

2026-10-30 17:14 ET - News Release

Mr. David Atkinson reports

EARTHWORKS INDUSTRIES ADOPTS SEMI-ANNUAL FINANCIAL REPORTING

Earthworks Industries Inc. has elected to adopt semi-annual financial reporting in reliance on the Consolidated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers) issued by the Canadian Securities Administrators.

The blanket order is a pilot program which permits eligible venture issuers listed on the TSX Venture Exchange to voluntarily move from quarterly to semi-annual financial reporting. The company confirms that it meets the eligibility criteria under the blanket order. By adopting SAR, the company aims to reduce the administrative and financial burden associated with the quarterly reporting.

As a result of this election, the company will file interim financial reports and related management's discussion and analysis on a semi-annual basis, rather than quarterly. The company's fiscal year-end is Nov. 30, and it will continue to file annual audited financial statements (due within 120 days of Nov. 30). The company will continue to remain subject to timely disclosure requirements, and will continue to report all material changes and significant developments in accordance with National Instrument 51-102 (Continuous Disclosure Obligations).

Under the blanket order, the company will be exempt from filing interim financial reports and related MD&A for its three-month and nine-month interim periods. The company will not file quarterly interim financial reports or related MD&A for the nine-month period ended Aug. 31, 2026, and all subsequent periods ending Feb. 28 and Aug. 31. The company will file its next interim financial report and related MD&A for the six months ended May 31, 2027 (due within 60 days of May 31, 2027).

This news release is being issued and filed pursuant to the blanket order.

The company reports it has granted 300,000 stock options to an adviser, exercisable at a price of five cents per common share for a period of five years, expiring Oct. 30, 2031, and vesting immediately.

The options have been granted in accordance with the company's stock option plan and remain subject to the policies and approval of the TSX Venture Exchange, as applicable.

About Earthworks Industries Inc.

Earthworks is a critical mineral recycling and recovery company advancing modular systems designed to recover strategic metals and strengthen Western critical mineral supply chains. The company is developing scalable recycling and recovery infrastructure to help address the growing need for domestic critical mineral production.

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