Mr. Matthew Schwab reports
STALLION URANIUM ANNOUNCES FAILURE TO FILE CEASE TRADE ORDER
The British Columbia Securities Commission, as the principal regulator of Stallion Uranium Corp., issued a cease trade order (CTO) against the company on May 7, 2025, for the company's failure to file its audited annual financial statements, the accompanying management discussion and analysis, and certifications for the financial year ended Dec. 31, 2024. As a result of the CTO, the TSX Venture Exchange has suspended trading of the company's common shares.
The company continues to work diligently with its auditor to facilitate the completion of the annual filings and expects to file the annual filings on or before May 20, 2025.
The CTO was issued under Multilateral Instrument 11-103, Failure-To-File Cease Trade Orders in Multiple Jurisdictions, and prohibits the trading or purchase by any person or company of any securities of the company in each jurisdiction in Canada in which the company is a reporting issuer for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the company who are not currently (and who were not as of May 7, 2025) insiders or control persons of the company, who may sell securities of the company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
About Stallion Uranium Corp.
Stallion Uranium is working to fuel the future with uranium through the exploration of roughly 2,700 square kilometres in the Athabasca basin, home to the largest high-grade uranium deposits in the world. The company, with joint venture partner Atha Energy, holds the largest contiguous project in the western Athabasca basin adjacent to multiple high-grade discovery zones and deposits.
Stallion's leadership and advisory teams comprise uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
We seek Safe Harbor.
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