American Marconi Wireless News - Brookmount Gold Updates Financial Reporting Schedule for Annual Results & Audit Review Guidance, Together with its Strategy to Pursue Listing on a Senior Exchange

Key dates in the reporting calendar are as follows:

• Q2 End Date: May 31, 2025

• Regulatory Filing Deadline: July 20, 2025

• Anticipated completion date for audit review for 2023/24: August 15, 2025

The Company confirms that, following release of the audit, conducted under IFRS protocol, for the years 2021 and 2022 last month, it is in the process of expediting completion of the IFRS audit for the 2023/24 financial years, together with an (unaudited) stub period review for Q2 and confirmation under audit PCAOB protocol, that can be included in a regulatory filing to transition the Company to SEC fully reporting status. This will effectively represent completion of the key step in the process towards uplisting of the Company's shares to a senior exchange in the US. It is anticipated that fully reporting status will be achieved by September 30.

In confirming progress in the uplisting process, CEO Nils Ollquist commented: "We have worked hard over the past year to move forward on all aspects of our financial reporting process. We were very pleased to finalise the audit for 2012/22 which represented a key transition for the years of our business as we navigated the impacts of COVID, both on our production and sales metrics.

We are now intensely focused on positioning our business for transition to a senior listing, and having been approached, over the past 2 years, by the Listing Committees of both Nasdaq and NYSE Amex to consider listing, we believe that our business is now at an appropriate level of development to energetically pursue this strategy.

A CEO interview discussing recent developments and addressing future objectives for the Company, will be available online within the next 2 weeks," Mr Ollquist continued; "additionally, management will be updating our stakeholders regularly, utilizing the Company's recently restructured X (Twitter) account and updated website."

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC PINK:BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Investor Relations Contact: [email protected]

Website: https://www.brookmountgold.com/

Corporate Contact: [email protected]

Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold

SOURCE: Brookmount Explorations, Inc.

View the original press release on ACCESS Newswire

P.M.Smith--AMWN