Announces Grant of Management Cease Trade Order and Status Report
EARTHWORKS INDUSTRIES INC.
ANNOUNCES GRANT OF MANAGEMENT
CEASE TRADE ORDER AND STATUS
REPORT
VANCOUVER, BC
,
March 31, 2026
/CNW/ - Earthworks Industries Inc. (TSXV: EWK) (OTCQB:
EAATF) (the
"Company"
) announces that following the Company's application to the British
Columbia Securities Commission (the "
BCSC
") for a management cease trade order ("
MCTO
")
under National Policy 12-203 –
Management Cease Trade Orders
("
NP 12-203
"), as previous
disclosed in the news release of the Company dated March 19, 2026 (the "
Initial News Release
"),
the BCSC has granted the MCTO. Pursuant to the MCTO, the Company will have until May 29,
2026 to file its audited financial statements and related annual management's discussion and
analysis (
MD&A
) for the financial year ended November 30, 2025, as required under Part 4 and Part
5, respectively, of National Instrument 51-102 --
Continuous Disclosure Obligations
, and related
certifications of such filings by the Company's chief executive officer and chief financial officer as
required under Part 4 of National Instrument 52-109 --
Certification of Disclosure in Issuers' Annual
and Interim Filings
(collectively, the "
Annual Filings
") beyond the prescribed filing deadline of
March 30, 2026.
The MCTO will prohibit the chief executive officer and the chief financial officer of the Company from
trading in securities of the Company for so long as the Annual Filings are not filed. The issuance of
the MCTO does not affect the ability of persons other than the chief executive officer and the chief
financial officer of the Company to trade in the Company's securities.
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 Annual Filings. Should the Company fail to file the appropriate Default Status Reports (as
defined in, and prescribed by, NP 12-203), the securities commissions or regulators may, as a result
of such failure, impose a cease trade order (a "
CTO
").
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.
For additional details as to why the Annual Filings were not filed within the prescribed time period,
please refer to the Initial News Release. Other than as disclosed in this news release, no changes
have occurred in the matters disclosed in the Initial News Release.
The Company's Annual Filings are required to be filed within two months of the prescribed filing
deadline of March 30, 2026. The Company's failure to file the Annual Filings within this two-month
period may result in the securities commissions or regulators imposing a CTO.
The Company is working diligently and expeditiously with its auditor Crowe MacKay LLP in order to
complete the Annual Filings as soon as practicable, and currently anticipates that it will be a position
to remedy any filing default and return to compliance by completing the Annual Filings on or before
May 29, 2026.
Until the Annual Filings are completed, the Company will comply with the alternative information
guidelines set out in NP 12
203, including by issuing bi-weekly default status reports by way of
further news releases.
About Earthworks Industries Inc.
Earthworks Industries Inc. is a publicly listed company focused on advancing innovative solutions
across the materials recovery and infrastructure value chain, with an emphasis on efficiency,
scalability, and long-term sustainability.
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) has approved nor disapproved the contents of this news
release, nor do they accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release constitute forward-looking statements or information
under Canadian securities legislation. Generally, forward-looking statements can be identified by the
use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words
and phrases or statements that certain actions, events or results "will" occur. In particular, forward-
looking statements in this release include statements regarding: the anticipated timing for the filing of
the Annual Filings; and the ability of the Company to comply with the requirements of NP12-203.
Forward-looking statements are based on the opinions and estimates of management as of the date
such statements are made and are subject to known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different from those expressed or implied by
such forward-looking statements, including that the Annual Filings may not be completed in the time
anticipated or allowed for by the MCTO, in which case a general cease trade order may be issued
with respect to the Company's securities. Although management of the Company has attempted to
identify important factors that could cause actual results to differ materially from those contained in
the forward-looking statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. The Company cautions readers of this news release not to place undue reliance on the
forward-looking statements contained in this release as many factors could cause actual results or
conditions to differ materially from current expectations. Additional information on these and other
risk factors that could affect the Company's operations are outlined in the Company's continuous
disclosure documents that can be found on SEDAR+ (
www.sedarplus.ca
) under the Company's
issuer profile. The Company does not intend and disclaims any obligation, except as required by law,
to update or revise any forward-looking statements, whether because of new information, future
events, or otherwise.
SOURCE Earthworks Industries Inc.
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For further information:
For further information contact: Earthworks Industries Inc., David
Atkinson, President/CEO, (604) 669-3143
CO: Earthworks Industries Inc.
CNW 17:06e 31-MAR-26