Vendetta Announces Adoption of Semi-Annual Financial Reporting

Vendetta Mining shifts to semi-annual reporting under Canadian regulatory pilot.

What the company is saying

Vendetta Mining Corp. (TSXV:VTT) announces its election to participate in the Semi-Annual Financial Reporting Pilot (SAR Pilot) program, introduced by the Canadian Securities Administrators under Blanket Order 51-933. The company frames this as a compliance-driven change, emphasizing that it meets all eligibility criteria: status as a venture issuer, annual revenues under $10 million, a disclosure record of at least 12 months, and timely filings. The release highlights that, as a result, interim financial reports and MD&A will now be filed semi-annually rather than quarterly, with exemptions for first and third quarter filings. The company’s financial year-end is May 31, and the first quarter to be affected is the period ended August 31, 2026. Vendetta asserts it will continue to file audited annual statements and unaudited six-month interim reports, and maintain timely disclosure under applicable laws. The announcement reiterates the company’s focus on the 100% owned Pegmont Lead Zinc Project in Australia. Michael Williams, President & CEO, is the named executive responsible for the release.

What the data suggests

The company’s annual revenues are less than $10 million, qualifying it for the SAR Pilot program. Vendetta Mining owns 100% of the Pegmont Lead Zinc Project in Australia, which remains its core asset. The SAR Pilot allows eligible companies to reduce reporting frequency, and Vendetta confirms it has a disclosure record of at least 12 months and has met all filing obligations. The transition means investors will receive interim financial updates only twice per year, with the next skipped quarter being the three months ended August 31, 2026. No operational or project-specific financial results, resource figures, or exploration milestones are disclosed in this announcement. The only financial data point is the sub-$10 million annual revenue threshold, stated as an eligibility criterion rather than a precise figure. The company commits to ongoing compliance with securities laws and regular annual and semi-annual reporting.

Analysis

The announcement is a factual disclosure regarding Vendetta Mining Corp.'s election to participate in the SAR Pilot, allowing a shift from quarterly to semi-annual financial reporting. The language is procedural and regulatory, with no promotional or exaggerated claims about operational or financial performance. While several statements are forward-looking (e.g., intent to file on a semi-annual basis, continued compliance), these are routine administrative outcomes of the election and not aspirational projections. There is no discussion of capital outlay, project milestones, or financial impact, and no attempt to frame the reporting change as a strategic or value-creating event. The only operational reference is the company's focus on the Pegmont Lead Zinc Project, which is stated factually. There is no gap between narrative and evidence, and no language inflating the significance of the change.

Risk flags

• ●Reduced reporting frequency to semi-annual intervals may limit the timeliness of financial and operational updates, potentially delaying investor awareness of material developments or risks.
• ●Annual revenues below $10 million indicate the company remains in a pre-revenue or early-stage development phase, which typically involves higher financial and execution risk and limited cash flow visibility.
• ●The announcement provides no new operational, financial, or project progress data, so investors have limited information to assess current performance or near-term catalysts beyond the reporting change.

Bottom line

Vendetta Mining Corp.’s shift to semi-annual financial reporting is a procedural change enabled by its sub-$10 million annual revenue and compliance record. Investors will now receive financial updates less frequently, which may reduce transparency on short-term developments. The company remains focused on its 100% owned Pegmont Lead Zinc Project in Australia, but this release does not provide any new operational or financial performance data. The most immediate impact is administrative, not strategic or operational. Investors should expect the next substantive update with the company’s next semi-annual or annual financial report, as no new project milestones or financial results are disclosed here.

Announcement summary

(TSXV:VTT) Vendetta Mining Corp. has elected to participate in the Semi-Annual Financial Reporting Pilot (SAR Pilot) program. The SAR Pilot was introduced by the Canadian Securities Administrators under Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. This news release is being filed pursuant to the Blanket Order. The SAR Pilot allows eligible venture issuers to transition from quarterly to semi-annual financial reporting. Vendetta Mining Corp. has determined that it meets the eligibility criteria for the SAR Pilot, including being a venture issuer, having annual revenues of less than $10 million, maintaining a disclosure record of at least 12 months, and having filed all required periodic and timely disclosure documents. As a result of this election, the company will file interim financial reports and related management's discussion and analysis (MD&A) on a semi-annual basis instead of quarterly. Under the Blanket Order, Vendetta Mining Corp. will be exempt from filing interim financial reports and related MD&A for its first and third quarters. The company's financial year-end is May 31. The initial period for which the company will not file a quarterly interim financial report and related MD&A will be for the three-month period ended August 31, 2026. Vendetta Mining Corp. will continue to file audited annual financial statements and unaudited six-month interim financial reports. The company will continue to provide timely disclosure in accordance with applicable securities laws. Vendetta Mining Corp. is focused on advanced stage exploration and development at the 100% owned Pegmont Lead Zinc Project in Australia. Michael Williams is the President & CEO of Vendetta Mining Corp.

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