Mineralrite Corporation: A New Lease of Life after a Decade-Long Cease Trade Order
Dallas, Texas – March 21, 2025
In a significant turn of events, MINERALRITE TM Corporation (OTC Pink: RITE) (the “Company” or “RITE”) has announced the successful removal of the Cease Trade Order (CTO) that had been imposed against it by the Alberta Securities Commission (ASC) back in 2013. This order was a result of allegations that the Company was being managed from Alberta and had failed to file certain financial disclosures with the province, despite having done so with the Securities and Exchange Commission (SEC).
Background of the Cease Trade Order
The Cease Trade Order was a serious blow to Mineralrite Corporation, as it effectively halted all trading of the company’s securities in the province of Alberta. The order had been in place for over a decade, leaving investors uncertain about the future of the company. The reasons for the CTO’s imposition were rooted in regulatory compliance issues. The Company was accused of failing to meet the provincial reporting requirements, despite having filed the necessary documents with the SEC.
The Approval Process
The process of applying for the removal of the CTO was a long and arduous one. Mineralrite Corporation had to submit a comprehensive application to the Alberta Securities Commission, detailing the steps it had taken to rectify the issues that led to the order in the first place. The application also had to demonstrate that the Company was now in compliance with all Alberta securities laws.
After a thorough review of the application, the Alberta Securities Commission has now approved the removal of the Cease Trade Order. This decision marks the end of a long and challenging period for Mineralrite Corporation and its investors.
Impact on Mineralrite Corporation
The removal of the Cease Trade Order is a major milestone for Mineralrite Corporation. It paves the way for the Company to resume trading in the province of Alberta, potentially opening up a larger investor base and increasing liquidity in the Company’s securities. The Company’s management team expressed their gratitude towards the Alberta Securities Commission for their diligent review of the application and their decision to lift the CTO.
Impact on Investors
- Resumption of trading in Alberta: With the Cease Trade Order removed, Mineralrite Corporation’s securities can now be traded in the province of Alberta.
- Potential for increased liquidity: The removal of the CTO may lead to increased liquidity in the Company’s securities, making it easier for investors to buy and sell.
- Restoration of confidence: The lifting of the CTO is likely to restore confidence among investors, both in Alberta and elsewhere, who had been uncertain about the Company’s regulatory compliance.
Impact on the World
The removal of the Cease Trade Order against Mineralrite Corporation is not just significant for the Company and its investors, but also for the global securities industry. It demonstrates the importance of regulatory compliance and the role of securities commissions in protecting investors.
Furthermore, it highlights the interconnected nature of global financial markets. The removal of the CTO in Alberta could potentially lead to increased interest in Mineralrite Corporation from investors around the world, further underscoring the importance of maintaining a strong regulatory framework.
Conclusion
In conclusion, the removal of the Cease Trade Order against Mineralrite Corporation is a positive development for the Company and its investors. It marks the end of a long and challenging period and paves the way for the Company to resume trading in the province of Alberta. The decision also serves as a reminder of the importance of regulatory compliance and the role of securities commissions in protecting investors.
As the world continues to evolve and global financial markets become increasingly interconnected, it is crucial for companies to maintain a strong regulatory compliance framework. The removal of the CTO against Mineralrite Corporation is a testament to the Company’s commitment to doing just that.
Despite the challenges faced over the past decade, Mineralrite Corporation remains focused on its mission to explore and develop mineral resources and create value for its stakeholders. With the Cease Trade Order now lifted, the Company is poised to move forward and continue its growth trajectory.
