Calgary, Alberta — February 26, 2026 — Leads & Copy — Rain City Resources Inc. (CSE:RAIN) is providing an update on the status of its Management Cease Trade Order (MCTO). The Alberta Securities Commission granted the MCTO on January 29, 2026.
The MCTO was issued because the company could not file its annual audited financial statements, annual management’s discussion and analysis, and certification of annual filings for the year ending September 30, 2025, by the January 28, 2026, deadline. This resulted in a default under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations.
The company reports that the audit is progressing quickly and expects to file the required filings on or before March 30, 2026. Rain City Resources is working to obtain financing needed for audit costs, filing fees, and general working capital. The company expects its required filings and interim reports to be completed by the March 30, 2026, deadline.
The company also must file its Q1 interim financial statements for the period ending December 31, 2025, including management’s discussion and analysis for the same period and management certifications of interim filings, on or before March 30, 2026.
While the MCTO is in effect, the general investing public can continue to trade freely in the company’s listed common shares. However, the company’s Chief Executive Officer and Chief Financial Officer cannot trade the company’s shares.
Rain City Resources intends to comply with the alternative information guidelines outlined in National Policy 12-203 for as long as it remains in default. This includes issuing bi-weekly default status reports in the form of news releases.
The company confirms that, as of the date of the news release, there are no insolvency proceedings against it and no other material information concerning the affairs of the company that has not been generally disclosed.
Rain City Resources Inc. is an integrated critical mineral technology and project development company focused on lithium and critical mineral extraction from brine.
Source: Rain City Resources Inc.
