Mineralrite Stock Price, News & Analysis
Company Description
MineralRite Corporation (RITE) is a micro-cap company whose common stock trades on the OTC Pink Sheets under the symbol RITE. According to company disclosures, MineralRite focuses on the natural resource and physical commodity industry, with an emphasis on mineral and mining activities and related operations. The company has described itself as a diversified holding company primarily focused on natural resources and physical commodities, and has outlined a business model that integrates mineral asset ownership, processing, and metal supply-chain activities.
MineralRite traces its corporate roots back to 1996 and began trading publicly in 1999. Over its history, management teams have directed the company toward various industries, and by late 2005 the focus shifted toward the development of in-ground assets such as oil, gas, minerals, and related businesses. More recent communications emphasize mineral and mining projects, including mineral assets in Arizona and California and activities related to mine operating plans and leases.
Business focus and operating philosophy
The company states that it continues to focus on mineral and mining projects with what it describes as an ecological twist. MineralRite’s stated philosophy is one of sustainable stewardship of natural resources, which it characterizes as balancing financial and industrial goals with social and ecological impact. Management has described a mantra of “abundance through efficiency,” and has indicated that it aims to apply emerging technologies to remediation and recycling projects, with an emphasis on processing existing mine tailings and other above-ground materials that contain valuable minerals.
In its public communications, MineralRite has highlighted the opportunity represented by mine tailings and similar materials, noting that large quantities of such material exist above ground and may contain precious and other metals that were not fully processed in prior eras. The company’s narrative emphasizes the potential to process these materials using contemporary technologies, rather than focusing solely on new extraction that requires creating additional mine workings.
Mineral portfolio and project structure
MineralRite has outlined a multi-part operating structure centered on what it calls its Mineral Portfolio. The company describes its Mineral Management operations as focusing on the creation and growth of a portfolio of unexploited, underdeveloped, or undervalued mineral assets. According to company statements, these assets may be brought under MineralRite’s control through mergers, direct acquisitions, processing agreements, joint venture structures, or royalty agreements.
The company has announced that it executed a definitive agreement to acquire subsidiaries holding four mineral assets formerly owned by NMC, Inc. These assets include over 700 acres of lode mining claims, seismically proven tailings, and what the company characterizes as sizable potential mineral reserves based on historical exploration and previously issued, publicly disclosed mineral reserve reports. The properties are located in Arizona and California. MineralRite has stated that, under SEC rules, these properties are considered exploration stage properties and that, pending updated technical work consistent with Committee for Reserves International Reporting Standards (CRIRSCO) and SEC property disclosure rules, certain assets will initially be recorded at a net zero value on its books.
In addition to asset ownership, MineralRite describes Mining, Milling & Processing operations that focus on building and scaling mineral processing facilities to target high-value commodity metals found in its portfolio. The company has indicated that it intends to work with internationally known joint venture partners whose contractual role includes mobilizing and managing the workforce required for specific projects.
Metal supply-chain activities
MineralRite also describes an Acquisition, Recycling, Management & Liquidation segment. In this area, the company states that it is focused on the acquisition, management, and sale of previously refined hallmarked bullion products, as well as newly mined, roughly refined precious metals (often referred to as doré) generated from its own mineral portfolio or acquired from other sources. The company describes itself as a principal in the metal supply chain of custody, managing inspection, acquisition, logistics, security, refining, disposition, and liquidation of physical commodities in compliance with applicable regulatory regimes.
Through these combined activities—mineral asset ownership, processing operations, and metal handling and disposition—MineralRite presents itself as participating across multiple stages of the mineral and metals value chain. Its communications emphasize both ownership of mineral projects for its own account and participation in the handling and movement of refined and semi-refined metal products.
Corporate development, reporting, and regulatory status
MineralRite has reported a series of corporate and regulatory steps aimed at what it has called a corporate cleanup and rebirth. The company has discussed efforts to address historical obligations, reclaim previously issued shares, and renegotiate convertible instruments. It has also highlighted the engagement of a Public Company Accounting Oversight Board (PCAOB) auditor to conduct audits of its financial statements.
The company has filed a Form 10-12g with the U.S. Securities and Exchange Commission (SEC) as part of a process it describes as becoming fully reporting. It has also referenced SEC staff review of that filing in subsequent communications. In addition, MineralRite has reported work with the Financial Industry Regulatory Authority (FINRA) related to a previously completed F reorganization in which a former Nevada entity was merged into a Texas entity, with a one-for-one share exchange. FINRA’s recognition of this action includes assignment of a new CUSIP number and updating of records to reflect the company’s authorized shares as recognized by the State of Texas.
MineralRite has also disclosed that it obtained revocation of a cease trade order issued more than a decade earlier by the Alberta Securities Commission, which had limited trading in the company’s shares in that Canadian jurisdiction. According to the company, lifting this order allows investors in Alberta and elsewhere in Canada to trade the stock again.
Location and corporate structure
According to SEC filings, MineralRite Corporation is incorporated in the State of Texas and has provided a business address in Dallas, Texas. The company has also noted that at one time in its history it was headquartered in Calgary, reflecting its earlier ties to Canadian investors and regulators. Its shares trade on the OTC Pink marketplace, and the company identifies itself as a micro-cap issuer.
Strategic relationships and advisory resources
MineralRite has announced engagements with various consultants and firms to support its business plan. These include MIS Consulting, Inc., whose president has been designated to help steer new business development across technology, financial services, and mineral and mining sectors, and other consulting and research entities with experience in commodities and industrial and material-based companies. The company has also reported entering into an investment banking agreement with Alpine Securities Corporation, a firm that focuses on underwriting, private placements, market making, and proprietary trading for OTC companies. MineralRite describes this relationship as part of its effort to reintroduce itself to the brokerage community and improve access to capital markets.
In addition, the company has announced that its president and CEO accepted an invitation to join CEOBLOC, a coalition of micro-cap executives and market participants focused on issues such as naked short selling, toxic financing, unregulated dealer activity, algorithmic trading abuses, and market perceptions affecting micro-cap and OTC issuers. MineralRite presents this participation as consistent with its stated emphasis on transparency, investor alignment, and ethical capital market activity.
Industry classification and activities
Based on available classification data, MineralRite is associated with the Crushed and Broken Limestone Mining and Quarrying industry within the broader Mining, Quarrying, and Oil and Gas Extraction sector. Its own communications describe a broader focus on mineral and mining projects, mine tailings, and precious and other metals, as well as participation in the physical commodity and bullion markets. The company has also referenced specific projects such as the Skull Valley mine operating plan and leases on properties administered by state and federal land agencies in Arizona and California.
Through these activities and disclosures, MineralRite positions itself as a micro-cap mineral and mining-focused company that combines asset acquisition, project development, and metal supply-chain functions, while working through regulatory, reporting, and capital markets steps to support its operations.