Earthworks to Close First Tranche of Private Placement
EARTHWORKS TO CLOSE FIRST TRANCHE
OF PRIVATE PLACEMENT
TSX-V: EWK
OTCQB: EAATF
VANCOUVER, BC
,
May 22, 2025
/CNW/ - Earthworks Industries Inc. (the "Company"), in a release
dated
April 1, 2025
, announced its offering of 7,500,000 Units at
$0.05
per Unit to raise
$375,000
.
The Company proposes to close a first tranche of 5,270,000 Units - for which it has received gross
proceeds of
$263,500
– subject to acceptance by the TSX Venture Exchange.
The Company further reports that its wholly owned U.S subsidiary, Cortina Integrated Waste
Management Inc. (CIWM), has received an updated Order from
the United States
District Court for
the Eastern District Court of
California
establishing the briefing and argument schedule for the
Motion for Summary Judgement that the U.S. Interior Department filed seeking dismissal of CIWM's
Complaint challenging the Interior Department's purported termination of its Cortina lease in
California
. The court set
October 27, 2025
, as the hearing date for that Motion, and approved the
following briefing schedule:
Federal Defendants' Opposition/Cross Motion
June 30, 2025
Defendant-Intervenor's Opposition/Cross Motion
June 30, 2025
Plaintiff's Reply/Opposition
August 8, 2025
Federal Defendants' Reply
September 5, 2025
Defendant-Intervenor's Reply
September 5, 2025
Management is pleased with the progress we have made to date, and we remain optimistic about
the successful resolution of issues at Cortina. We look forward to continuing to develop Cortina as
the model for future environmentally responsible disposal operations.
Forward Looking Statements
:
This news release contains "forward-looking information" and "forward-looking statements"
(collectively 'forward-looking statements") within the meaning of the applicable Canadian securities
regulations. All statements, other than statements of historical fact, are forward-looking statements
and are based on expectations, estimates and projections as of the date of this news release. Any
statements that involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objective assumptions, future events or performance (often but not always using
phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not
anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or "may"
or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance, or achievements of the Company or CIWM to be
materially different from any future results, performance or achievements expressed or implied by
the forward-looking statements. Factors that could cause actual results to differ materially from
those anticipated in these forward-looking statements are described under the "Risks and
Uncertainties Statement" attached to this news release. Forward- looking statements contained
herein are made as of the date of this News Release. The Company will update these forward-
looking statement and Risks and Uncertainties as required to reflect new information, results, future
events, circumstances, or if management's estimates or opinions should change, or otherwise. There
can be no assurance that forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, the
reader is cautioned not to place undue reliance on our forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
News Release.
SOURCE
Earthworks Industries Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2025/22/c8174.html
%SEDAR: 00008386E
For further information:
For further information, contact: Earthworks Industries Inc., David
Atkinson, President/CEO, 604-669-3143
CO: Earthworks Industries Inc.
CNW 14:43e 22-MAY-25