Mr. Frank
Basa reports
CONIAGAS ADOPTS SEMI-ANNUAL FINANCIAL REPORTING
Coniagas
Battery
Metals
Inc.
has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting.
Coordinated Blanket Order 51-93 allows eligible venture issuers listed on the TSX Venture Exchange to voluntarily move from a quarterly to a semi-annual financial reporting framework. Coniagas's fiscal year ends on Dec. 31, 2026. Under the SAR pilot program, the company will be exempt from filing interim financial reports and related management's discussion and analysis for its first and third quarters:
-
Interim period: The company will not file an interim report for the first quarter ended March 31, 2026.
-
Interim period: The company will not file an interim report for the third quarter ending Sept. 30, 2026.
- Continuing reporting: Coniagas will continue to file audited annual financial statements (due within 120 days of Dec. 31, 2026) and six-month interim financial reports (due within 60 days of June 30, 2026).
Coniagas confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record.
This news release is being filed pursuant to Coordinated Blanket Order 51-933 (Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers).
About
Coniagas
Battery
Metals
Inc.
Coniagas
is
a
Canadian
junior
mining
company
focused
on
nickel,
copper, cobalt and platinum group metals in Quebec. Coniagas's strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metal supplier to the electric vehicle market.
At its 100-per-cent-owned Graal project near Saguenay, Que., Coniagas has conducted successful exploration
involving
geophysics
as
well
as
shallow
drilling
that
hit
mineralization
in
almost
every hole.
It
has
confirmed
an
open-pit
deposit
model
at
Graal
along
a
six-kilometre
strike
length
of
high-grade nickel and copper with cobalt, platinum and palladium byproducts. The company plans in the near term
to
conduct
additional
drilling
leading
to
the
production
of
a
National Instrument
43-101
resource
report, metallurgical
testing
and
consultations
with
first
nations.
The
Graal
project
and
immediate
work plan
are
outlined
in
detail
in
the
"NI
43-101
Technical
Report
Graal
Nickel
&
Copper
Project, Saguenay-Lac-St-Jean, Quebec, Canada," dated Jan. 17, 2024.
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