Earthworks Industries Inc. - CORTINA LEASE

Executive Summary

• Earthworks Industries Inc. disclosed that a U.S. District Court upheld the termination of the lease between its subsidiary, Cortina Integrated Waste Management Inc., and the Kletsel Dehe Wintun Nation.
• The company is evaluating options, including filing an appeal to the Ninth Circuit Court of Appeals.
• President/CEO David Atkinson expressed disappointment but affirmed commitment to continue the waste‑management model at other sites.

Key Details

• Court Decision: U.S. District Court for the Eastern District of California upheld the Department of the Interior’s Board of Indian Appeals decision terminating the Cortina lease.
• Lease Parties: Cortina Integrated Waste Management Inc. (wholly owned subsidiary) and the Kletsel Dehe Wintun Nation of the Cortina Rancheria.
• Date of Original Disclosure: The termination was first disclosed in a company news release on October 23, 2025.
• Management Response: Earthworks is reviewing all available options, including an appeal to the U.S. Court of Appeals for the Ninth Circuit.
• Future Updates: The company will issue further updates as next steps are determined.
• CEO Comment: “We are of course very disappointed at the decision, however, will look at all our options and continue to move forward with the model we have created at Cortina at other sites.” – David Atkinson, President/CEO

Notable Quotes

“We are of course very disappointed at the decision, however, will look at all our options and continue to move forward with the model we have created at Cortina at other sites.” – David Atkinson, President/CEO

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