Azarga Metals Seeks Management Cease Trade Order Amid Financial Statement Delays

Azarga Metals Corp. has applied for a management cease trade order (MCTO) with Canadian securities regulators. This action would restrict certain company insiders from trading Azarga Metals' securities until missing financial filings are submitted. However, public trading will continue.

The delay affects the company's necessary filings due January 28, 2025. This includes audited financial statements and other documents for the year ending September 30, 2024. The delay arises from unforeseen issues in securing financial resources for the audit.

Azarga Metals is involved in a non-brokered private placement of common shares, expected to close by March 3, 2025. The company aims to meet alternative disclosure guidelines while these filings remain outstanding.