Investor in MineralRite (RITE) discloses 6.9M preferred shares, 100% of class

Rhea-AI Filing Summary

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.

Insights

Equity ownership and governance analyst

Investor reports 100% of a preferred class held for investment.

The filing shows Lloyd B. Hendricks III beneficially owns 6,900,000 shares of Series NMC Preferred, equal to 100% of that class. The shares were bought in a private deal at $36.23 per share on May 6, 2026.

Hendricks describes the position as for investment purposes and notes he does not exercise management control, although he provides consulting services through Abstract Concepts 1618, LLC. No side agreements or special arrangements over these securities are reported, suggesting a straightforward investment stake in this preferred class.

Key Figures

Series NMC Preferred shares owned: 6,900,000 shares Percent of preferred class: 100.0% Purchase price per share: $36.23 per share +3 more

6 metrics

Series NMC Preferred shares owned 6,900,000 shares Beneficially owned by Lloyd B. Hendricks III

Percent of preferred class 100.0% Series NMC Preferred ownership

Purchase price per share $36.23 per share Private transaction on May 6, 2026

Event date May 6, 2026 Date of contract triggering Schedule 13D

Sole voting power 6,900,000 shares Series NMC Preferred voting power

Sole dispositive power 6,900,000 shares Series NMC Preferred dispositive power

Key Terms

Schedule 13D, beneficially owned, Sole Voting Power, Sole Dispositive Power, +2 more

6 terms

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition..."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficially owned financial

"Aggregate amount beneficially owned by each reporting person 6,900,000.00"

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 6,900,000.00"

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.

Sole Dispositive Power financial

"9 | Sole Dispositive Power 6,900,000.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

juristic personas other

"Acquired the shares in a private transaction through my juristic personas, pursuant to a contract dated 6 May 2026"

Series NMC Preferred financial

"Title of Class of Securities: Series NMC Preferred"

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

MINERALRITE Corp

(Name of Issuer)

Series NMC Preferred

(Title of Class of Securities)

60314D601

(CUSIP Number)

Lloyd B. Hendricks III
C/O Abstract Concepts 1618, LLC, 300 E. Main St., Suite 3
Carbondale, IL, 62901
618-534-1681

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

05/06/2026

(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): 60314D601

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)

OO

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 6,900,000.00
8	Shared Voting Power 6,900,000.00
9	Sole Dispositive Power 6,900,000.00
10	Shared Dispositive Power 6,900,000.00

11

Aggregate amount beneficially owned by each reporting person

6,900,000.00

12

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

13

Percent of class represented by amount in Row (11)

100.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Series NMC 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, IL, 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)	6,900,000 representing 100% of the class of shares
(b)	6,900,000
(c)	Acquired the shares in a private transaction through my juristic personas, pursuant to a contract dated 6 May 2026 at a price of $36.23 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

FAQ

What ownership did Lloyd B. Hendricks III report in MINERALRITE (RITE)?

He reported beneficial ownership of 6,900,000 Series NMC Preferred shares, equal to 100% of that class. This stake is disclosed on a Schedule 13D, indicating a significant position in MineralRite’s preferred equity structure.

At what price were the MINERALRITE (RITE) Series NMC Preferred shares acquired?

The 6,900,000 Series NMC Preferred shares were acquired at $36.23 per share. The filing states they were purchased in a private transaction under a contract dated May 6, 2026, using personal and business assets as the funding source.

When did the MINERALRITE (RITE) ownership event triggering this Schedule 13D occur?

The ownership event occurred on May 6, 2026. On that date, Lloyd B. Hendricks III acquired 6,900,000 Series NMC Preferred shares in a private transaction, leading to the requirement to file this Schedule 13D reporting his beneficial ownership.

Does the MINERALRITE (RITE) investor claim management control of the company?

He explicitly states the holdings are for investment purposes and that he does not exercise management control of MineralRite. However, he notes he performs consulting services for the issuer through his company, Abstract Concepts 1618, LLC.

How did Lloyd B. Hendricks III fund his MINERALRITE (RITE) preferred share purchase?

He reports that the funds came from personal and business assets. The shares were acquired in a private transaction through his juristic personas, under a contract dated May 6, 2026, rather than via open-market purchases.

Are there any additional contracts or arrangements tied to the MINERALRITE (RITE) securities?

The filing states there are no contracts, arrangements, understandings, or relationships with respect to the issuer’s securities beyond what is described. No options, pledges, or other special agreements are disclosed regarding the Series NMC Preferred shares.