MineralRite Corporation [Symbol: RITE] Reports on Key...
Dallas, Texas — October 14, 2025 MineralRite Corporation (“RITE” or the “Company”), a Texas-based
resource development company focused on mineral recovery and strategic asset monetization, today
released its quarterly shareholder update outlining progress across multiple operational and capital-market
initiatives.
Skull Valley Project
The Arizona State Land Department recently requested minor adjustments to RITE’s Mine Operating Plan
for its Skull Valley lease. RITE is completing those revisions, after which the lease renewal process is
expected to conclude — enabling the Company to advance the next phase of preparatory operations
leading toward the eventual recovery of values from the mine tailings.
Form 10 and Regulatory Progress
RITE has completed three rounds of responses to SEC Staff comments on its Form 10 registration
statement and is preparing its response to a fourth SEC comment letter. The filing remains effective, and
RITE continues as a fully reporting company. During the current federal government shutdown, SEC
review activity is temporarily paused until offices reopen.
Share Reclamation and Capital Structure
Following the Company’s February 6, 2025 announcement of share-reclamation initiatives, RITE reports
that an additional 296 million shares are in the legal process of being returned to treasury, reducing
potential dilution and enhancing shareholder value.
Capital Formation and Management Commitment
RITE’s consultants — many of whom form part of the management team — continue to demonstrate
long-term confidence through direct share purchases made under investment-rights provisions of their
consulting agreements. This structure aligns management’s financial interests with those of shareholders.
Regulation D Offering
The Company’s Rule 506(c) Regulation D offering of Series D Convertible Preferred Shares has been
fully subscribed. Remaining shares were acquired by entities controlled by RITE’s advisory team, who
also hold the Company’s Series C preferred shares, and are subject to Rule 144 holding-period restrictions
and trading-volume limitations. Even upon conversion, restrictions remain in place for all series of
convertible preferred shares and the common shares into which they convert.
“We are extremely pleased that RITE’s Regulation D offering was subscribed
primarily by long-term, ‘strong-hand’ investors—insiders who are actively
engaged in shaping the Company’s strategic direction and who have willingly
accepted resale restrictions as a reflection of their confidence in RITE’s future,”
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said James Burgauer, President of MineralRite Corporation. “Their continued commitment underscores
the alignment between management and shareholders as we execute our long-term growth strategy.”
https://mineral-rite.com/wp-content/uploads/2025/10/2025-10-14-RITE-PRESS-RELEASE_vFINAL-3rd-Quarter-Update.pdf