Here are the 10-K annual reports from Mentor Capital Inc (MNTR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MNTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MNTR filings page.
Mentor Capital, Inc. reports its 2025 annual results and outlines a strategic pivot toward classic energy and precious metals. The company sold its former 51% stake in Waste Consolidators, Inc. for $6,000,000 plus $60,000 interest, using the proceeds to fund a return to oil, gas, coal, and uranium investments, with gold and treasuries held as liquid placeholders.
In March 2025 Mentor acquired three fractional, non-operating royalty interests in approximately 121 oil and gas wells in the Permian Basin’s Spraberry Field for $1,369,899, generating $166,811 in royalty revenue over about eight months. As of March 31, 2026, 21,683,189 common shares and 11 Series Q preferred shares were outstanding, alongside 4,250,000 Series D warrants at $0.02 and 413,512 Series H warrants at $7.00, creating potential dilution.
The company executed a 3,000,000-share repurchase in 2024 at an average $0.06 per share and states that current cash resources and opportunities are expected to support its business plan for four years. Mentor highlights significant risks around securing additional financing, dependence on its CEO, warrant exercises, collection of a $2,539,597 judgment, and the impact of auditor transitions and broader energy and macroeconomic volatility.