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MineralRite Corporation (ID) RITE

As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase and sale of precious metals. The company was formerly known as Royal Quantum Group, Inc. and changed its name to MineralRite Corporation in October 2012. MineralRite Corporation was incorporated in 1996 and is based in Dallas, Texas.


OTCID:RITE - Post by User

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  • AveragePennyX
Post by AveragePennyon Mar 05, 2025 1:45pm
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Post# 36480534

MINERALRITE CORPORATION (RITE) Executes an Investment...

MINERALRITE CORPORATION (RITE) Executes an Investment...

Dallas, Texas--(Newsfile Corp. - March 5, 2025) - MINERALRITETM Corporation (OTC Pink: RITE) (the "Company" or "RITE"), recently executed a non-exclusive investment banking agreement with Alpine Securities Corporation ("Alpine"). The non-exclusive nature of the agreement allows RITE the flexibility to still obtain services from other financial service firms on a when and as-needed basis even while the agreement remains in force.

Alpine Securities Corporation is headquartered in Salt Lake City and focuses on underwriting, private placements, market making and proprietary trading. The investment banking engagement agreement covers multiple areas of joint interest between RITE and Alpine and sets the stage for RITE's reintroduction to the brokerage community. The agreement provides RITE access to numerous specialized services that Alpine offers OTC companies while simultaneously allowing RITE the flexibility to obtain services from other providers who also service the investment industry.

In a press release back on August 20, 2024, CEO Burgauer announced that it was his intention to get RITE back to an auditable state, become fully reporting and re-engage with the brokerage community. It was his belief then, and still is, that re-engaging with the investment community will both improve RITE's access to capital markets as well as increase the stock's appeal to a vastly larger audience of potential investors.

 

https://www.newsfilecorp.com/release/243424


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