Northwire Canada EditionFriday, July 10, 2026
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Earthworks Industries files 2025 financial statements

Earthworks Files 2025 Annuals Amid Active MCTO; Liquidity Crisis and Unproven Pivot Keep Risk Premium Elevated

Executive Summary
  • Earthworks Industries Inc. filed its audited financial statements and annual MD&A for the fiscal year ended November 30, 2025.
  • The filing was submitted on June 2, 2026, following a regulatory extension granted by the British Columbia Securities Commission (BCSC) until June 3, 2026.
  • A Management Cease Trade Order (MCTO) remains in effect until the company completes and files its first quarter 2026 reports.
  • The company will continue to provide biweekly updates in accordance with National Instrument 12-203 until the MCTO is lifted.
  • CEO and CFO certifications were provided under National Instrument 52-109.
Material Impact
  • The filing resolves the immediate regulatory default but does not alter the company's fundamental financial distress.
  • The active MCTO continues to restrict management trading and signals ongoing regulatory scrutiny over disclosure compliance.
  • No material operational or financial improvements are disclosed; the company remains in a pre-revenue, pre-commercialization phase.
  • The news is a compliance milestone rather than a value driver, and the underlying liquidity and going concern risks remain unchanged.
EWK · Price
Company Overview
  • Earthworks Industries is transitioning from a waste management focus to a critical minerals recovery platform.
  • Flagship project: The "Critical Minerals Recovery System" intellectual property acquired from Wokaura Art and Innovations Inc.
  • The system focuses on urban mining, legacy mine waste/tailings reprocessing, and modular, scalable processing architectures.
  • The company has abandoned its Cortina Integrated Waste Management project following a U.S. District Court upholding the lease termination.
  • Management aims to deploy pilot facilities and generate first revenue, but no commercial operations or revenue streams currently exist.
Read the original news release →

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