Latest news with #RequiredFilings
Cision Canada
07-05-2025
- Business
- Cision Canada
TVI PROVIDES STATUS UPDATE
CALGARY, AB, May 7, 2025 /CNW/ - TVI Pacific Inc. (" TVI" or the " Corporation") (TSX.V: TVI) (OTC: TVIPF) announces that further to its news releases dated April 23, 2025 and May 1, 2025, the Corporation's principal regulator, the Alberta Securities Commission (the " ASC") granted a management cease trade order (the " MCTO") on May 2, 2025, under National Policy 12-203 Management Cease Trade Orders (" NP 12-203"). Pursuant to the MCTO, Michael G. Regino, the Chief Executive Officer, and Love D. Manigsaca, the Chief Financial Officer, may not trade in securities of the Corporation until such time as the Corporation files its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2024 (collectively, the " Required Filings"), and the Executive Director of the ASC revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their securities. The Corporation's Board of Directors and management confirm that they are working expeditiously to file the Required Filings and confirm that since the Corporation's news release dated May 1, 2025, there is no other material information respecting the Corporation's affairs that has not been generally disclosed. Until the Required Filings have been filed, the Corporation 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 Corporation remains in default of the financial statement filing requirement. In the event that the Corporation 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 Corporation. About TVI TVI is a Canadian resource company focused on mining projects in the Philippines. TVI maintains a strong presence in the Philippines through its 30.66% equity interest in TVIRD, a Philippines corporation. Forward-Looking Statements Certain statements in this news release are "forward-looking statements", which reflect management's expectations regarding the MCTO, timing of the filing of the Required Filings and TVI's future business operations. All statements other than statements of historical fact contained in this news release are forward-looking statements. Such forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and TVI assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by TVI with the securities regulatory authorities, available at Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Globe and Mail
07-04-2025
- Business
- Globe and Mail
Canadian Manganese Announces Delay in Filing Year End Audited Financial Statements, Issuance of Cease Trade-Order
Toronto, Ontario--(Newsfile Corp. - April 7, 2025) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the " Company") announces a delay in the filing of its audited consolidated financial statements, its management's discussion and analysis, chief executive officer and chief financial officer certificates, and its annual information form for the year ended December 31, 2024 (the "Required Filings"), which were to be filed by March 31, 2025. The filing delay results from the implications of the delayed closing of its previously announced royalty financing (refer to news release dated November 15, 2024) and the requirement to consolidate the financial statements of the Company's non-wholly owned subsidiary Mongoose Mining Ltd. ("Mongoose"), as described in further detail below. The Company's consolidated financial statements consolidate the accounts of its non-wholly owned subsidiary Mongoose, whose financial statements also need to be separately audited. The separate audits of the consolidated financial statements of the Company and Mongoose for the year ended December 31, 2024 commenced late due to a delay by the Company and Mongoose in paying their respective auditor's fees from the previous year, which was impacted by the ongoing delay in closing the previously announced royalty financing. Although the arrears payments have now been made by the Company and Mongoose from the proceeds of director loans and the current year's audits are well underway, the auditor (McGovern Hurley LLP) advised the Company that it was not able to complete both audits by the Company's filing deadline of March 31, 2025. There are no disagreements between the Company or Mongoose and their auditor. The Company and Mongoose are currently working diligently to finalise the audits of their respective annual consolidated financial statements at the earliest possible date. The Company currently expects to be in a position to file its Required Filings by the end of April 2025. ISSUANCE OF CEASE-TRADE ORDER As a result of the Company's failure to file the Required Filings by March 31, 2025, the Ontario Securities Commission (the "OSC") issued a failure-to-file cease trade order (the "FFCTO") to the Company on April 4, 2025. The FFCTO prohibits the trading by any person of any securities of the Company in each jurisdiction in Canada in which the Company is a reporting issuer, for as long as the FFCTO remains in effect, subject to the following exception. The FFCTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of April 4, 2025) insiders or control persons of the Company and who sell securities of the Company acquired before April 4, 2025 if both of the following criteria are met: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The OSC has informed the Company that if the default is remedied within 90 days of the date of the FFCTO, including any annual or interim financial statements, MD&A and certifications that subsequently became due, the filing of the Required Filings will constitute the application to revoke the FFCTO. ABOUT CANADIAN MANGANESE CDMN is a Canadian critical mineral development company aiming to become a supplier of high-purity manganese metal products for the rechargeable battery industry. CDMN holds the Woodstock Project in New Brunswick. Cboe Canada has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy of this release. Notice regarding forward-looking statements: This news release includes forward-looking statements regarding CDMN and its business. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to: forward-looking information relating to the timing and completion of the filing of the Required Filings. Such statements are based on the current expectations of the management of each entity. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, but are not limited to, risks regarding the mining industry, economic factors, the equity markets generally, risks associated with growth and competition as well as those risks and uncertainties identified and reported in the Company's public filings under its SEDAR+ profile at Although CDMN has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and CDMN undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Globe and Mail
01-04-2025
- Business
- Globe and Mail
UR-ENERGY ANNOUNCES DELAY FILING YEAR-END REPORTING DOCUMENTS
LITTLETON, CO , /CNW/ - Ur-Energy Inc. (NYSE American: URG) (TSX: URE) ("Ur-Energy" or the "Company") announces there is a delay in the filing of its annual financial statements for the year ended December 31, 2024 and related management's discussion and analysis (collectively, the "Financial Statements") and the annual information form and Annual Report on Form 10-K, and the CEO and CFO certificates relating to the Financial Statements (the "Required Filings") beyond the prescribed filing deadlines. The delay in filing the Required Filings is due to an accounting issue identified by the Company, resulting in the need for the Company to classify certain stock options awarded under its Amended and Restated Stock Option Plan (2005), as amended, as a liability. The non-cash reclassification from equity to liabilities and a possible adjustment to stock compensation expense will impact the Company's outstanding options in the latter half of 2024. For clarity, the Company does not currently anticipate a restatement of its Consolidated Financial Statements for the year ended December 31 , 2023. Management is undertaking the required work to expeditiously complete this accounting matter and to obtain final consents from its external auditors and proceed to file the Required Filings for 2024 within the prescribed timeframe. The Company expects to be in a position to issue and file the Required Filings by no later than April 14, 2025 . As a result of the Required Filings not being filed by March 31, 2025 , the Company has made an application for the imposition of a management cease trade order ("MCTO") as contemplated under the Canadian National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"); however there is no assurance that it will be granted. An MCTO provides a mechanism restricting the Company's CEO and CFO from trading in the Company's securities while allowing the common shares to continue trading on the TSX and the NYSE American. The Company has confirmed that it intends to satisfy the provisions of the alternative information guidelines described in sections 9 and 10 of NP 12-203 for so long as it remains in default for failure to file the Required Filings. In the event an MCTO is not granted, or the Company fails to file the appropriate Default Status Reports as prescribed by NP 12-203, applicable Canadian securities regulatory authorities may impose an Issuer Cease Trade Order. The Company confirms that it is not subject to any insolvency proceeding as of the date hereof. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date herein. About Ur-Energy Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming . We have produced and shipped approximately 2.8 million pounds U3O8 from Lost Creek since the commencement of operations. Ur-Energy has all major permits and authorizations to begin construction at Shirley Basin , the Company's second in situ recovery uranium facility in Wyoming and is advancing Shirley Basin construction and development following the March 2024 'go' decision for the mine. We await the remaining regulatory authorization for the expansion of Lost Creek. Ur‑Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States . The primary trading market for Ur‑Energy's common shares is on the NYSE American under the symbol "URG." Ur‑Energy's common shares also trade on the Toronto Stock Exchange under the symbol "URE." Ur-Energy's corporate office is in Littleton, Colorado and its registered office is in Ottawa, Ontario . Cautionary Note Regarding Forward-Looking Information This release may contain "forward-looking statements" within the meaning of applicable securities laws regarding events or conditions that may occur in the future ( e.g., the anticipated timing of the filing of the Required Filings and the scope of the non-cash reclassifications; whether the Company will satisfy the provisions of the alternative information guidelines described in sections 9 and 10 of NP 12-203; and the timing and outcome of the MCTO) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans," "expects," "does not expect," "is expected," "is likely," "estimates," "intends," "anticipates," "does not anticipate," or "believes," or variations of the foregoing, or statements that certain actions, events or results "may," "could," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at and Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management's beliefs, expectations or opinions that occur in the future.
