Hendricks reports 14.66% stake in MineralRite

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.

Rhea-AI Filing Summary

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.

Key Figures

Series C Preferred shares owned: 1,545 shares Ownership percentage of class: 14.66% Option exercise price: $120 per share +3 more

6 metrics

Series C Preferred shares owned 1,545 shares Beneficially owned as reported in Schedule 13D

Ownership percentage of class 14.66% Percent of Series C Preferred represented by 1,545 shares

Option exercise price $120 per share Exercise price for Series C Preferred options

Options exercised on June 8, 2026 (lot 1) 191 shares at $120 Series C Preferred exercised on 06/08/26

Options exercised on June 8, 2026 (lot 2) 100 shares at $120 Additional Series C Preferred exercised on 06/08/26

Options exercised on May 5, 2026 75 shares at $120 Series C Preferred exercised on 05/05/26

Key Terms

Series C Preferred, beneficially owned, Sole Voting Power, dispositive power

4 terms

Series C Preferred financial

"Title of Class of Securities: Series C Preferred"

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 1,545.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 1,545.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"9 | Sole Dispositive Power 1,545.00 10 | Shared Dispositive Power 1,545.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in MINERALRITE (RITE) does Lloyd B. Hendricks III report?

Lloyd B. Hendricks III reports beneficial ownership of 1,545 Series C Preferred shares of MINERALRITE, representing 14.66% of that class. He lists both sole and shared voting and dispositive power over these shares in the Schedule 13D filing.

How did Lloyd B. Hendricks III acquire his MINERALRITE (RITE) Series C Preferred shares?

He acquired the MINERALRITE Series C Preferred shares by exercising outstanding options through his juristic personas at $120 per share. Transactions include 191 and 100 shares on June 8, 2026, and 75 shares on May 5, 2026, funded by personal and business assets.

What is the purpose of Lloyd B. Hendricks III’s investment in MINERALRITE (RITE)?

He states the MINERALRITE Series C Preferred holdings are for investment purposes only. The filing also notes he does not exercise management control of the company, although he performs consulting services for the issuer via his company Abstract Concepts 1618, LLC.

Does Lloyd B. Hendricks III have voting and dispositive power over MINERALRITE (RITE) shares?

Yes. The filing reports 1,545 shares under both sole and shared voting power and 1,545 shares under both sole and shared dispositive power. These figures match the aggregate 1,545 Series C Preferred shares he beneficially owns according to the Schedule 13D.

What percentage of MINERALRITE (RITE) Series C Preferred does 1,545 shares represent?

The 1,545 Series C Preferred shares represent 14.66% of that class. This percentage is disclosed directly in the interest in securities section, indicating Hendricks is a significant holder of MINERALRITE’s Series C Preferred stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/10/2026 - 02:17 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

MINERALRITE Corp

(Name of Issuer)

Series C Preferred

(Title of Class of Securities)

60314D403

(CUSIP Number)

Lloyd Hendricks
C/O Abstract Concepts 1618, LLC, 300 E. Main St., Suite 3
Carbondale, IL, 62901
6185341681

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/10/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 60314D403

1

Name of reporting person

Hendricks Lloyd Bernard III

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,545.00
8	Shared Voting Power 1,545.00
9	Sole Dispositive Power 1,545.00
10	Shared Dispositive Power 1,545.00

11

Aggregate amount beneficially owned by each reporting person

1,545.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Series C Preferred
(b)	Name of Issuer: MINERALRITE Corp
(c)	Address of Issuer's Principal Executive Offices: 325 N. ST. PAUL STREET, SUITE 3100, DALLAS, TEXAS , 75201.
Item 2.	Identity and Background
(a)	Lloyd B. Hendricks III
(b)	C/O Abstract Concepts 1618, LLC 300 E. Main St., Suite 3 Carbondale, Illinois, 62901
(c)	Manager of Abstract Concepts 1618, LLC
(d)	No
(e)	No
(f)	United States
Item 3.	Source and Amount of Funds or Other Consideration
	Personal and business assets.
Item 4.	Purpose of Transaction
	For investment purposes only. I do not exercise any management control of the company, though I do perform consulting services for the issuer through my company Abstract Concepts 1618, LLC.
Item 5.	Interest in Securities of the Issuer
(a)	1,545 representing 14.66%
(b)	1,545
(c)	Exercised outstanding options through my juristic personas to acquire the following: (i) 191 Series C Shares on 6/8/26 at $120 per share; (ii) 100 Series C Shares on 6/8/26 at $120 per share; and 75 Series C Shares on 5/5/26 at $120 per share.
(d)	No other person or persons
(e)	Not Applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	None
Item 7.	Material to be Filed as Exhibits.
	none

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Hendricks Lloyd Bernard III

Signature:	/s/ Lloyd B. Hendricks III
Name/Title:	Lloyd B. Hendricks III
Date:	06/10/2026