Welcome to our dedicated page for Mineralrite news (Ticker: RITE), a resource for investors and traders seeking the latest updates and insights on Mineralrite stock.
MineralRite Corporation (RITE) is a Texas-incorporated micro-cap company trading on the OTC Pink Sheets and focused on mineral and mining-related activities in the natural resource and physical commodity industry. The RITE news feed on Stock Titan aggregates company press releases, regulatory updates, and other public communications that explain how management is advancing its mineral asset portfolio, reporting status, and capital markets strategy.
Recent news has covered MineralRite’s execution of a definitive agreement to acquire subsidiaries holding mineral assets in Arizona and California, including lode mining claims, seismically proven tailings, and potential mineral reserves based on historical exploration and previously issued, publicly disclosed reserve reports. Other updates describe work on mine operating plans and leases, such as the Skull Valley project, and efforts to align technical reporting with SEC and CRIRSCO standards for mining registrants.
Investors following RITE can also find announcements related to corporate cleanup and governance, including share reclamation activities, renegotiation of historical convertible obligations, engagement of a PCAOB auditor, and the filing and review of Form 10-12g with the SEC. News items discuss steps with FINRA and OTC Markets, such as recognition of an F reorganization, a Penny Stock Exempt designation, and progress on a Rule 15c2-11 application.
Additional coverage highlights MineralRite’s investment banking agreement with Alpine Securities Corporation and the company’s participation in CEOBLOC, a coalition focused on micro-cap market practices. For readers tracking developments in micro-cap mining and mineral asset strategies, the RITE news page offers a centralized view of MineralRite’s disclosed operational, regulatory, and financing milestones over time.
MINERALRITE (OTC Pink: RITE) has achieved a significant milestone with FINRA's recognition of its F Reorganization merger redomicile to Texas. The company completed three critical steps:
- Received FINRA approval for the one-for-one share exchange from Nevada to Texas entity
- Obtained revocation of Alberta Securities Commission's Cease Trade Order on March 20, 2025
- Filed responses to SEC's comment letter on April 25, 2025
The company is now updating its Mine Operating Plan for Arizona State Land Department and finalizing BLM property leases in California. CEO Burgauer aims to raise capital for mining operations, focusing on updating historical reserve valuations to meet SEC and CRIRSCO requirements. The FINRA approval, effective April 30, 2025, will facilitate easier capital raising and allow RITE to focus on revenue generation through its mining properties.
MINERALRITE (OTC Pink: RITE) has successfully obtained approval from the Alberta Securities Commission (ASC) to revoke a Cease Trade Order (CTO) that was imposed in 2013. The CTO was initially placed due to alleged management operations in Alberta and failure to file certain financial disclosures with the province, despite proper SEC filings.
In September 2024, CEO Burgauer filed for CTO revocation, which was approved after months of negotiations. This decision now enables Albertans and Canadians to resume trading RITE stock. The company, formerly headquartered in Calgary, sought this revocation to re-enfranchise its Canadian shareholder base.
The company now focuses on two remaining objectives: resolving a FINRA case regarding the April 2021 F Reorganization merger-redomicile and lifting the 'Eligible for Unsolicited Quotes Only' flag on the stock.
MINERALRITE (OTC: RITE) has signed a non-exclusive investment banking agreement with Alpine Securities . This strategic partnership, announced on March 5, 2025, enables RITE to access Alpine's specialized OTC services while maintaining flexibility to work with other financial service providers.
The agreement aligns with CEO Burgauer's August 2024 commitment to restore RITE to an auditable state, achieve full reporting status, and strengthen ties with the brokerage community. The company has already announced its first acquisition and is working on updating historical reserve valuations to meet CRIRSCO and SEC compliance requirements.
Management is now focusing on their next acquisition target, leveraging Alpine's services for deal negotiations and capital access. CEO Burgauer, with his extensive background in financial services, highlighted that his industry experience helped secure additional services in the agreement that might have been overlooked by others.
MINERALRITE (RITE) has filed Form 10-12g with the SEC to initiate the process of becoming a fully reporting company. The filing is accessible through the SEC's EDGAR System and has been posted on RITE's Investor Relations page.
CEO James Burgauer outlined the company's strategic plan: first cleaning up and stabilizing the company, then acquiring assets, followed by raising capital for development and certification of acquired assets. The company aims to engage with the brokerage community through PCAOB audited financials and Form 10-12g filing to facilitate more active trading and potential lifting of the 'Unsolicited Quotes Only' banner through a 15c-211 sponsor.
The Form 10-12g is pending SEC review and comments. The company believes it has provided thorough, fair, and accurate disclosures.
MINERALRITE (RITE) has executed a Definitive Agreement to acquire two subsidiaries holding four mineral assets previously owned by NMC, Inc. The acquisition includes $432 million in audited asset value, consisting of over 700 acres of LODE mining claims and 279,000 tons of seismically proven tailings.
The transaction terms involve issuing approximately 6.9 million shares of newly designated convertible preferred stock, 6.9 million warrants, and assuming $5 million in liabilities. Each preferred share will be convertible into 500 common shares and includes warrants at $0.03 per share. The book value of RITE common stock increased to approximately $.031 per share post-conversion.
The company plans to conduct a Regulation A offering in spring 2025, potentially raising up to $75 million every twelve months. RITE is currently raising capital through a Reg D Rule 506(c) offering to fund joint venture operations and pursue uplisting to a more prominent exchange.
MINERALRITE (RITE), an OTC Pink Sheets micro-cap stock, has engaged Zhanna Kelley CPA P.C. for a PCAOB audit as part of its corporate rebirth strategy. Since Q4 2023, CEO Burgauer has led efforts to address historical issues, resulting in:
1. $519,000 accounting profit from derecognizing historical obligations
2. Reclamation of over 10 million shares, with 800 million more in progress
3. Renegotiation of convertible obligations, reducing dilution by 1.2 billion shares
The company aims to become fully audited and reporting, potentially enabling a Tier 2 Regulation A offering to raise up to $75 million annually. RITE plans to acquire mineral assets, develop them, and become an active metal supplier, with the goal of moving to the OTCQB market.
MINERALRITE (RITE), a micro-cap stock trading on OTC Pink Sheets, reported $519,000 in earnings for the first six months of 2024. This translates to approximately $0.0001 per share. The company has been actively cleaning up historical issues, engaging industry experts, and preparing for future growth. Key accomplishments include:
1. Cancelling millions of outstanding shares
2. Minimizing future share issuances
3. Cancelling over $750,000 worth of convertible obligations
4. Reducing scheduled dilution by 1.2 billion shares
RITE is focusing on three sectors: Mineral Management, Mining, Milling & Processing, and Acquisition, Recycling, Management & Liquidation. The company aims to raise capital for completing acquisitions in its pipeline.
MineralRite Corp. has announced the addition of four experts to advance its strategic business plan. Key hires include Todd Gibson, who brings 26 years of experience in the oil and gas industry; James Bame, a lawyer with expertise in contract and intellectual property law; and Thomas Benson, an equipment management specialist. Additionally, the company has partnered with Sterling Macro Research LLC for mergers and acquisitions. CEO Guy Peckham expressed enthusiasm about these developments aimed at enhancing the company's growth and operational capabilities.
MineralRite Corp. (OTC PINK: RITE), based in Dallas, has engaged MIS Consulting, Inc. and James Burgauer to enhance its business model as a diversified holding company. This move follows a corporate restructuring aimed at executing a new business strategy. MIS Consulting, established in 1984, specializes in various sectors, notably technology and mining. Burgauer, a seasoned entrepreneur, brings a wealth of experience from the brokerage industry. The compensation structure is designed to incentivize the development of profitable business avenues.
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