Cullinan Metalss Corp. Announces Adoption of Semi-Annual Reporting
Cullinan Metals Corp. (CSE: CMT) (OTCQB: CMTNF) (the "Company" or "Cullinan") announces the adoption of semi-annual financial reporting. This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933"). CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. Cullinan's fiscal year ends on December 31. Under the provisions of CBO 51-933, Cullinan will be exempt from the requirements to file its three-month interim financial statements and associated management's discussion and analysis ("MD&A") as it meets the eligibility criteria under CBO 51-933, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. Accordingly, Cullinan will not be filing its interim financial statements for the three-month period ending March 31, 2026 and associated MD&A.
Cullinan will continue to file audited annual financial statements (due within 120 days of December 31, 2026) and six-month interim financial reports (due within 60 days of June 30, 2026). Cullinan remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.
Change to Board and Management
The Company announces that Mr. Simon Tso has been appointed to the Board of Directors, in addition to his role as Chief Financial Officer. The Company further announces the resignation of Marc Enright-Morin from the Board of Directors and as the Chief Executive Officer.
The Company thanks Marc for his contributions and wish him well in the future.
The Company has begun the search for a new CEO. Mr. Aleem Fidai will act as interim CEO.
About Cullinan Metals
Cullinan Metals Corp. is a Canadian mining and exploration company focused on the evaluation and potential development of energy metals. The Company is actively reviewing and pursuing opportunities in key energy resources, including copper, graphite, and lithium, in select jurisdictions worldwide.
On Behalf of the Board,
CULLINAN METALS CORP.
Aleem Fidai, interim CEO, Director
(604) 428-7050
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS
Statements in this news release which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward looking statements in this news release include, but are not limited to, statements regarding the Company's adoption of semi-annual financial reporting; the Company's intention not to file interim financial reports for the three-month and nine-month interim periods; the Company's ongoing eligibility to rely on CBO 51-933; and the Company's commitment and intention to file the audited annual financial statements and the six-month interim financial reports as well as report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations. It is important to note that the Company's actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include changes to the Company's financial or regulatory standing; changes to or revocation of CBO 51-933; and changes in securities legislation or the policies of the Canadian Securities Exchange; that economic, competitive, governmental, geopolitical, environmental and technological factors may affect the Company's operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; that the Company may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out or complete our plans. Labor shortages, inflationary pressures, rising interest rates, the global financial climate and international conflicts are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company's operating performance, financial position, and prospects. Collectively, the potential impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's MD&A for its recently completed fiscal period, which is available under the Company's SEDAR+ profile at www.sedarplus.ca. Except as required by law, the Company will not update or revise these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.
