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An announcement from Maclaren Minerals Ltd. ( (TSE:SCU) ) is now available.
Sankamap Metals Inc. has received Alberta Securities Commission approval to extend its Management Cease Trade Order to January 31, 2026, as it works with its auditor to complete and file overdue annual financial statements for the year ended June 30, 2025. The MCTO, in place since October 29, 2025, restricts trading by the company’s CEO and CFO but does not affect other shareholders, and Sankamap says most audit work is now finished following key confirmations from the Solomon Islands government, with only minor items outstanding before the audit enters final review and the company moves on to file its first-quarter interim results. Management emphasizes it will continue issuing bi-weekly default status updates under securities rules, reports no steps toward insolvency and no undisclosed material information, aiming to reassure investors while it works to normalize its financial reporting and sustain progress on its Oceania exploration program.
More about Maclaren Minerals Ltd.
Sankamap Metals Inc. is a Canadian mineral exploration company focused on discovering and developing high-grade copper and gold deposits through its flagship Oceania Project in the Solomon Islands. Its fully permitted Kuma and Fauro properties lie along a highly prospective South Pacific copper-gold trend that includes major deposits such as Newcrest’s Lihir Mine, and historical sampling, trenching and limited drilling have returned high-grade gold and copper results that underscore strong exploration potential.
Average Trading Volume: 67,021
Technical Sentiment Signal: Buy
Current Market Cap: C$11.42M
For an in-depth examination of SCU stock, go to TipRanks’ Overview page.