MineralRite signs long-term Arizona mineral lease
MineralRite Corporation, through its wholly owned subsidiary Peeples, Inc., entered into a Common Variety Mineral Materials Lease with the Arizona State Land Department on January 26, 2026.
Rhea-AI Filing Summary
MineralRite Corporation, through its wholly owned subsidiary Peeples, Inc., entered into a Common Variety Mineral Materials Lease with the Arizona State Land Department on January 26, 2026. The lease covers about 377.11 acres of state trust land in Yavapai County, Arizona.
The lease term runs from May 2, 2023 to May 1, 2043 and is not automatically renewable. Any continuation would require a written discretionary extension of up to ten years by the Arizona State Land Commissioner or a new lease. It grants rights to conduct mineral materials operations subject to customary operational, environmental, reporting, bonding, and royalty obligations.
The company also issued a press release on January 29, 2026 describing the lease and its significance for planned development activities.
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8-K Event Classification
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