Supreme Critical Metals Inc. Announces Late Filing of Annual Financial Disclosure

VANCOUVER, BC / ACCESS Newswire / June 20, 2025 / Supreme Critical Metals Inc. (CSE:CRIT)(FWB:VR61)(OTC PINK:VRCFF) ("Supreme" or the "Company") today announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended February 28, 2025 (the "Required Filings"), will be delayed beyond the filing deadline of June 27, 2025, and as a result will be in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations. The delay in the completion of the Required Filings is as a result of its current working capital deficit. As a result of the Company's current financial position, the Company's auditor has not been engaged and has not been able to begin its audit work required to complete the Required Filings.

The Company has made an application to the British Columbia Securities Commission (the "BCSC") for a management cease trade order (the "MCTO"), which would restrict all trading in securities of the Company, whether direct or indirect, by management of the Company. The MCTO does not generally affect the ability of shareholders who are not insiders of the Company to trade their securities. There is no certainty that the MCTO will be granted.

The Company is working expeditiously to complete the audit of its 2024 annual financial statements as soon as possible. Supreme plans to remedy the default and file the Required Filings as soon as it is able to do so and expects such filing to occur on or prior to August 31, 2025. The Company also intends to satisfy the provisions of the alternative information guidelines of Section 10 of National Policy 12-203 Management Cease Trade Orders as long as it is in default of the filing requirements.

The Company confirms that there are no insolvency proceedings against it as of the date of this press release. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.

About Supreme Critical Metals Inc.

SUPREME CRITICAL METALS INC. is a publicly traded diversified investment corporation actively exploring and investigating multiple opportunities in lithium, copper, silver, and precious metals. The Company adheres to strategic guidelines that prioritize regions conducive to mining, supported by favourable government regulations and existing infrastructure.