Flurotech applies for trading resumption, appoints CFO

Executive Summary

• Flurotech Ltd. has applied to the TSX‑V NEX board to resume trading of its common shares after a halt that began on Dec. 20 2023.
• The company disclosed an AGM deficiency, noting the last AGM was held on May 31 2024 and that a new AGM will be called promptly to address director elections, auditor appointment, and compliance matters.
• Reem Chalhoub has been appointed Chief Financial Officer effective Oct. 6 2025, succeeding Curtis Smith.

Key Details

• Trading Resumption: Application submitted to the NEX board of the TSX‑V for reinstatement of share trading; halt originated from a terminated definitive agreement with Great Slave Helicopters 2018 Ltd. (terminated Oct. 7 2024).
• AGM Deficiency: No AGM held within required timeframe; last AGM on May 31 2024. Company will issue notice and schedule an AGM as soon as practicable to comply with TSX‑V policies.
• CFO Appointment: Reem Chalhoub appointed CFO effective Oct. 6 2025; brings >10 years of executive finance experience, including $50 M+ financing deals and M&A expertise.
• CEO Comment: Richard Paolone highlighted the CFO hire as a cost‑reduction and strategic move while the company explores reverse‑merger opportunities and potential mining partnerships.

Notable Quotes

“Adding Reem to the team helps Flurotech reduce costs and position itself strategically as we continue to explore reverse merger opportunities…we see real potential here in Canada to partner with a mining company that brings strong technical expertise and a long term vision for growth,” – Richard Paolone, CEO.