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 Corporation (RITE) is reporting a mix of corporate restructurings, mining asset acquisitions, and significant governance and control weaknesses. The filing discloses a $763,377 gain from derecognized time-barred liabilities and a non-cash of obligations through issuance of 2,750 warrants. The company reclaimed 9,544,690 common shares to treasury and completed business combinations: one valued at $240,000 (600 Series C preferred issued) and another at $432,000,000 (6.9 million Series NMC preferred, 6.9 million warrants, and assumption of $5 million obligations).
Operations focus on mining, processing and precious-metal trading; recent property additions include the Skull Valley lease (~377.11 acres, $7,540/yr + royalty revised to 8%, acquired via Peeples, Inc. on Dec 31, 2024) and multiple BLM claims in California. The filing discloses material internal control deficiencies (lack of segregation of duties, no audit committee, insufficient documentation), prior regulatory actions including an SEC administrative order and $25,000 penalty, an Alberta Cease Trade Order (pending revocation), and termination of reporting obligations in 2018. The company identifies going-concern, liquidity, dilution, operational, regulatory, environmental, and market-liquidity risks.