Welcome to our dedicated page for Mineralrite SEC filings (Ticker: RITE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MineralRite Corporation filings document an OTC mining and metals issuer with common stock quoted under RITE and multiple preferred stock series. The company’s regulatory record includes Form 8-K material-event reports, Regulation FD updates, Form 10 reporting matters, securities registration information, and capital-structure disclosures.
Recent filings describe mineral lease arrangements through subsidiary Peeples, Inc., Skull Valley project matters, SEC staff review activity, share reclamation to treasury, preferred-stock dilution mechanics, private offering activity, shareholder communications, governance matters, and exhibits related to material agreements and press releases.
MINERALRITE Corp insider Hendricks Lloyd Bernard III filed an initial ownership report as a ten percent owner of the company. The filing shows only existing holdings, all reported as indirect through entities including Abstract Holdings 1618, LLC, Abstract Concepts 1618, LLC, and Commodity Capital Advisors, LLC.
The disclosed positions include common stock, preferred stock, and several warrants and options. Indirect holdings comprise 147,500,000 shares of common stock and 758,267,040 shares of common stock, plus preferred Series NMC and Series C interests and related derivative securities with specified exercise prices and expiration dates.
MINERALRITE Corp investor Lloyd B. Hendricks III filed a Schedule 13D reporting beneficial ownership of 6,900,000 Series NMC Preferred shares, representing 100% of that class. The shares were acquired in a private transaction on May 6, 2026 at $36.23 per share through his affiliated entities.
Hendricks states the holdings are for investment purposes only. He indicates he does not exercise management control over MineralRite but provides consulting services to the issuer via his company, Abstract Concepts 1618, LLC. No additional contracts or arrangements regarding these securities are disclosed.
Lloyd B. Hendricks III filed a Schedule 13D reporting beneficial ownership of 1,545 Series C Preferred shares of MINERALRITE Corp, representing 14.66% of that class. He reports both sole and shared voting and dispositive power over these shares.
The stake was acquired using personal and business assets, by exercising outstanding options at $120 per share on several dates in May and June 2026. Hendricks states the holdings are for investment purposes only and that he does not exercise management control of the company, although he provides consulting services through Abstract Concepts 1618, LLC.
MINERALRITE Corp received a large shareholder disclosure from investor Lloyd B. Hendricks III, who reported beneficial ownership of 905,767,040 common shares, representing 14.5% of the outstanding common stock. This stake is held for investment purposes using personal and business assets.
Hendricks reports both sole and shared voting and dispositive power over the same 905,767,040 shares, indicating significant influence over how these shares are voted and whether they are sold. He states he does not exercise management control of the company and provides consulting services to the issuer through Abstract Concepts 1618, LLC. No additional contracts, arrangements, or related exhibits are disclosed.
MINERALRITE Corp director, President and CEO James Burgauer exercised options to acquire 175 shares of Series C Preferred stock at $120.00 per share on June 8, 2026. This was reported as an exercise or conversion of a derivative security rather than an open-market purchase.
Following the transaction, Burgauer directly holds 6,815 shares of Series C Preferred and 185 options to purchase Series C Preferred, according to the filing. The activity reflects a compensation-related derivative exercise, with no reported open-market buying or selling.
MineralRite Corporation announced that prior financial statements can no longer be relied on and has filed amended reports after changing how it accounts for its acquisition of Peeples Inc. and California Precious Metals LLC from a business combination to an asset acquisition under ASC 805-50.
Following this change and updated valuation work under ASC 805-50 and ASC 820, the recorded carrying value of the acquired assets was reduced from approximately $432 million to approximately $246 million, a decrease of about $186 million, driving material changes to balance sheet presentation, additional paid-in capital, stockholders’ equity, risk factors, and note disclosures.
The company states these issues are non-cash accounting and presentation matters and do not involve fraud, cash irregularities, revenue recognition problems, or operational misconduct. MineralRite is early-stage with no revenue-generating operations and has not established mineral resources or reserves under Regulation S-K Subpart 1300. The SEC review of its Form 10 and related filings remains ongoing, and MineralRite cannot predict the timing, resolution, or outcome.
MineralRite Corporation filed an amended quarterly report to restate its March 31, 2026 financial statements after changing the accounting for its acquisition of Peeples, Inc. from a business combination to an asset acquisition. This reduced recorded mineral assets by $186,000,000 and lowered additional paid‑in capital and total shareholders’ equity by the same amount, with total equity now reported at $242,704,372.
The company generated no revenue in the quarter and reported a net loss of $146,895, or a basic and diluted loss per share of $(0.000024). Cash was only $22,397 at March 31, 2026, and management states there is substantial doubt about the company’s ability to continue as a going concern without new funding. Liquidity has been supported mainly by issuing Series C Convertible Preferred Stock and small debt lines, while large mineral assets remain non‑producing and carried at accounting fair value rather than SEC‑compliant reserves.
MineralRite Corporation filed an amended 2025 annual report to restate its financial statements for the Peeples/California Precious Metals acquisition. The deal is now treated as an asset acquisition under ASC 805-50, with about $246 million allocated to mineral assets, largely previously processed tailings.
The company remains a development-stage miner with no 2025 operating revenue and an operating loss of $434,819. Cash was $11,617 at year-end, and auditors highlighted substantial doubt about its ability to continue as a going concern. MineralRite had 6,211,776,842 common shares outstanding and a complex capital structure with significant potential dilution from preferred stock and warrants.
MineralRite Corporation reports a privately negotiated transfer of existing securities and new governance safeguards. Abstract Concepts 1618 LLC has agreed to acquire 6.9 million shares of Series NMC $25 Convertible Preferred Stock and 6.9 million associated warrants from NMC, Inc., with MineralRite not issuing any new securities or receiving proceeds. After conversion of the acquired securities and including other holdings, Abstract is expected to beneficially own or control about 37% of MineralRite’s common stock. To address this concentration, MineralRite and Abstract entered into a Shareholder Control Limitation and Standstill Agreement capping Abstract’s voting power at 45% on a fully diluted basis and prohibiting efforts to obtain control, while President James Burgauer controls about 23% of total voting power. The company remains early stage, with no established mineral resources or revenue-generating operations.
MineralRite Corporation reported another loss-making quarter with no revenue in Q1 2026. The company generated no operating revenue and recorded a net loss of about $146,895, wider than the roughly $81,688 loss a year earlier. Basic and diluted loss per share were $(0.000024) versus $(0.000019) in the prior-year quarter.
Total assets were about $433.8 million, driven largely by mineral assets and previously processed mine tailings valued around $432 million. Cash rose to roughly $22,397 from $11,617 at year-end, helped by financing activities, including preferred stock issuance and new lines of credit, while total liabilities remained low at about $5.1 million.
MineralRite remains in a development stage with 6,229,776,842 common shares outstanding and no current production. Management disclosed substantial doubt about the company’s ability to continue as a going concern due to ongoing losses and limited cash. The company is pursuing equity financing, strategic partnerships and potential environmental-credit opportunities, but outcomes are uncertain. It is also re-evaluating its accounting for the Peeples acquisition following SEC staff comments, which may change how acquired assets are presented in future filings.