The B.C. Securities Commission has fined a junior miner $15,000 for making “false or misleading” statements in a technical report.

A BCSC hearing panel found Multi-Metal Development Ltd. filed a technical report in 2019 that contained a falsified electronic signature of a professional engineer, who did not consent to the use of his name.

And since the engineer did not lend his expertise to the report, the hearing panel also found the company “did not have a reasonable basis to make certain forward-looking statements in the technical report about the feasibility of producing tungsten,” the commission said in a June 3 statement.

An expert’s certification is intended to ensure the reliability of the scientific and technical information in the report, the commission said.

“By representing that the qualified person had signed the report when he had not, Multi-Metal contravened the provision in B.C.’s Securities Act against making false or misleading statements in filed documents, and also contravened other requirements for disclosure by public companies in respect of mineral projects,” the commission said.

The company now sits dormant and is subject to a trading prohibition.

“In sanctioning Multi-Metal, the panel found no evidence of any direct harm to investors from Multi-Metal’s misconduct, nor any evidence that the company was enriched by it. The company does not have a history of securities misconduct,” the commission said.

Meanwhile, the BCSC discontinued proceedings against Shaun Methven Dykes, Multi-Metal’s president and CEO at the time of the misconduct, following his death in December 2025.

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