Sankamap Metals Updates Investors on Delayed Financial Filings and MCTO Status

The latest update is out from Maclaren Minerals Ltd. ( (TSE:SCU) ).

Sankamap Metals Inc. reported that it is still working with its auditor to complete and file its audited annual financial statements and management’s discussion and analysis for the year ended June 30, 2025, after missing the October 28 filing deadline. The company has applied to the Alberta Securities Commission for an extension of its existing Management Cease Trade Order, which currently restricts trading in its securities by the CEO and CFO but not by other investors, and estimates that roughly 90% of the audit work is finished, with delays largely attributed to pending information from Solomon Islands authorities and holiday timing. Sankamap plans to file its first-quarter interim financial statements soon after the annual filings are completed and has committed to continue issuing bi-weekly default status reports until it is current, while emphasizing it has taken no steps toward insolvency and has no undisclosed material information, aiming to reassure stakeholders as it advances exploration at its Solomon Islands copper-gold assets.

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 fully permitted flagship Oceania Project in the Solomon Islands. Its key Kuma and Fauro properties lie along a prolific copper-gold geological trend that hosts 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: 90,684

Technical Sentiment Signal: Buy

Current Market Cap: C$11.42M

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