Element79 Provides Interim MCTO Status Update

Element79 Provides Interim MCTO Status Update

Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS) ("Element79 Gold", the "Company") Vancouver – today provides a bi-weekly default status update further to the Company's press release dated January 31 , 2024 (the " Announcement ") concerning the delay of the filing of its annual financial statements in respect of its year ended August 31, 2023, its management discussion and analysis relating to its annual financial statements, and the CEO and CFO certifications (collectively, the " Required Documents "), beyond the prescribed deadline of December 29, 2023. The Company further notes that it is also in default for failure to file it Q1 Interim Financial statements for the period ended November 30, 2024 along with the management discussion and analysis, and the interim CEO and CFO certifications beyond the deadline of January 1, 2024.

As previously announced, the Company applied to the applicable Canadian securities’ regulatory authorities for a voluntary management cease trade order (" MCTO "). On January 2, 2024, the Company was granted the MCTO by the British Columbia Securities Commission.

The MCTO will stay in effect until the Required Documents are filed and the Company intends to satisfy the provisions of the alternative information guidelines in accordance with National Policy 12-203 - Management Cease Trade Orders (" NP 12-203 ") by issuing bi-weekly default status reports in the form of news releases until the situation is satisfactorily rectified.

The Company confirms that since the date of the Announcement, (a) other than as described herein, there have been no changes to the information contained in the Announcement that would reasonably be expected to be material to shareholders, (b) there have been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203, (c) there has not been any other subsequent specified default by the Company following the Announcement under NP 12-203, and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company's management, together with its audit committee, has been working diligently with its auditor to provide all necessary information and complete the Required Documents. The audit is substantially complete and the Company expects that the Required Documents will be filed on or about February 16, 2024.

For corporate matters, please contact:

James C. Tworek, Chief Executive Officer

Email: jt@element79.gold

For investor relations inquiries, please contact:

Investor Relations Department
Phone: +1 (403)850.8050
Email: investors@element79.gold

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Element79 Gold Corp. (CSE:ELEM) (OTC:ELMGF) (FSE:7YS), to receive an Investor Presentation

ELEM:CC
The Conversation (0)
US flag over gold bars, red descending line and green stock market numbers.

Peter Schiff: Gold’s Slide Rests on Bet the Fed Can’t Deliver

The gold price fell to a one year low on Friday (October 30) as a drop in tech stocks pressured precious metals. According to Reuters, falling tech stocks may have prompted investors to sell gold to cover losses elsewhere in the market. Commerzbank (ETR:CBK) analysts suggested precious metals... Keep Reading...
Canadian Maple Leaf gold coin floating over stacked gold bars with glowing red lights.

Top 5 Junior Gold Mining Stocks on the TSXV in 2026

Junior gold stocks are seeing heightened interest in 2026 despite volatility in the gold price, which reached a new record high of nearly US$5,600 per ounce during the first quarter.The gold price may have fallen to the US$4,000 level in the second and third quarters, but plenty of upside... Keep Reading...
Horizon Gold

Quarterly Activities Report for the Period Ended 30 September 2026

Horizon Gold Limited (ASX : HRN) (‘Horizon’ or ‘Company’) is focussed on progressing its exploration and development activities at the 100%-owned Gum Creek Gold Project (‘Gum Creek’ or the ‘Project’) located in the Mid-West Region of Western Australia (Figure 1). Gum Creek has historically... Keep Reading...
Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas

Cerrado Gold Reports 21% Year-Over-Year Increase in Q3 2026 Production Results at Minera Don Nicolas

Strong Production of 16,685 Gold Equivalent Ounces ("GEO") for the 3rd Quarter 2026, up 21% from Q3/25 Production of 44,942 GEO Year-to-Date Exploration is ongoing, with a key focus now on the Falcon property to support resource growth for a new Preliminary Economic Assessment targeted for late... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Falls, Then Recovers After Fed Keeps Rates Steady

The gold price fell on Wednesday (October 28) after the US Federal Reserve kept interest rates unchanged.The Federal Open Market Committee voted 10 to two to keep its benchmark interest rate at 3.75 to 4 percent. Fed officials Lisa D. Cook and Beth M. Hammack dissented and called for a 0.25... Keep Reading...
Pile of gold bars over black background.

5 Best-performing Gold Stocks on the TSX in 2026

The gold price hit record highs of over US$5,500 per ounce in January 2026, and while its price has pulled back, it has largely held above the US$4,000 mark since it first broke through that point in September 2025.Gold's growth may have been stalled by a variety of factors, including widespread... Keep Reading...

Interactive Chart

Latest Press Releases

Related News