Star Metro - Rektron Provides Bi-Weekly Default Status Report

On October 31, 2025, the Company announced that, at the request of the Company, the British Columbia Securities Commission (the "BCSC") issued a temporary and voluntary management cease trade order (the "MCTO") against the Company under NP 12-203 in connection with the Company's delayed filing of its: (i) audited consolidated financial statements for the fiscal year ended July 31, 2025 (the "Annual Financial Statements"), (ii) management's discussion and analysis relating to the Annual Financial Statements, (iii) CEO and CFO certificates relating to the Annual Financial Statements; and (iv) annual information form (together, the "Annual Filings"). The Annual Filings were required to be filed by October 29, 2025.

The MCTO prohibits the Company's Chief Executive Officer and Chief Financial Officer from trading in and acquisitions of, whether directly or indirectly, securities of the Company until two full business days following receipt by the BCSC of the Annual Filings. The MCTO does not restrict or affect the ability of other shareholders or investors to trade in the Company's securities.

Pursuant to NP 12-203, Rektron must file bi-weekly default status reports by way of news releases during the period of the MCTO. The Company confirms that since October 31, 2025, being the date the Company announced the issuance of the MCTO (the "MCTO Announcement"): (i) there has been no material change to the information contained in the MCTO Announcement; (ii) there has been no failure to fulfill its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; and (iii) there has not been any other specified default subsequent by the Company under NP 12-203.

The Company is working expeditiously with its auditors and expects to file the Annual Filings on or before December 18, 2025.

The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases until the time it has filed the Annual Filings.

About Rektron Group Inc.

Rektron Group Inc. (CSE: REK.U) (FRA: F75) through its subsidiaries is a global physical commodities trading and infrastructure company. Focused on delivering sustainable supply chain operations, across energy and metals commodity markets.

The Company's vertically integrated model combines physical commodity trading, logistics, structured financing, and risk management under one platform, enabling efficient and secure global trade. Through its core divisions the Company is positioned at the intersection of industrial growth and the global energy transition.

Rektron is committed to driving long-term value through innovation, responsible resource management, and a strategic focus on circular economy principles and low-carbon solutions.

Please visit www.rektrongroup.com for further information.

Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information within the meaning of Canadian securities legislation (collectively, "forward‐looking statements") that relate to Rektron's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward‐looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward‐looking statements. No assurance can be given that these expectations will prove to be correct and such forward‐looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Forward‐looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Rektron's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking statements. Such risks and uncertainties include, but are not limited to, other factors set forth under "Cautionary Note Regarding Forward-Looking Statements" and "Risk Factors" in the Company's annual information form for the year ended July 31, 2024 and dated November 25, 2024, and other continuous disclosure documents available on the Company's profile on SEDAR+. Rektron undertakes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Rektron to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward‐looking statement. Any forward‐looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

No securities regulatory authority has either approved or disapproved of the contents of this news release.

For Further Information Contact:
Martyna Jovaisaite
Rektron Group Inc.
[email protected]
(604) 359-5412

Contact Information:
Jigar Desai
CFO
[email protected]

SOURCE: Rektron Group Inc.

View the original press release on ACCESS Newswire

O.Poirier--SMC