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Maclaren Minerals Ltd. ( (TSE:SCU) ) has shared an update.
Sankamap Metals Inc. has announced an extension of its Management Cease Trade Order (MCTO) until December 28, 2025, due to delays in filing its annual financial statements. The company is addressing audit timing issues by appointing its subsidiary’s auditor, which is expected to expedite the process. Despite the delay, Sankamap plans to file its interim first-quarter financial statements soon after completing the required filings and will continue to provide updates through bi-weekly reports. The MCTO restricts trading by the company’s CEO and CFO but does not affect other stakeholders.
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 South Pacific. The company’s assets are strategically located in the Solomon Islands, along a geological trend known for major copper-gold deposits, and exploration is ongoing at the Kuma and Fauro properties.
Average Trading Volume: 104,647
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$10.53M
See more insights into SCU stock on TipRanks’ Stock Analysis page.