Diamcor Mining Inc. Seeks Management Cease Trade Order Amid Financial Delays

On July 29, 2025, Diamcor Mining Inc. announced its inability to meet the filing deadline for its audited financial statements due to delays in funding and audit operations. The company's financial disclosures for the year ending March 31, 2025, remain incomplete, demanding more time from auditors PricewaterhouseCoopers in South Africa and MNP LLP in Canada.

Disruptions in the supply chain, US tariffs, and a creditor action by Tiffany & Co. Canada have impacted operations, further delaying the audit process. Diamcor is implementing a remediation plan with targeted completion by late September 2025, aiming to finalize arrangements with Tiffany and complete funding objectives.

The company has approached the British Columbia and Alberta Securities Commissions for a management cease trade order, hoping to alleviate the situation for stakeholders while adhering to alternative information guidelines mandated by regulatory policies.