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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 Nov 07, 2025 9:51am
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Post# 36777995

MineralRite Corporation (RITE) Schedules the Release...

MineralRite Corporation (RITE) Schedules the Release...

Dallas, Texas--(Newsfile Corp. - November 7, 2025) - MineralRite Corporation (OTCID: RITE) ("RITE" or the "Company"), a Texas-based resource development company focused on mineral recovery and strategic asset monetization, today announced that it has scheduled the release of its Form 10-Q for the quarter ended September 30, 2025, following the close of market trading today. The Company also announced new initiatives to enhance shareholder communication and raise capital as it continues to position itself for its next phase of growth.

The filing of the Company's Quarterly Report on Form 10-Q demonstrates RITE's commitment to timely reporting and transparent disclosure as a fully reporting public company. The report provides a comprehensive overview of the Company's financial position and progress in advancing its mineral asset portfolio and related projects.

To support expanded shareholder engagement and investor outreach, RITE has engaged a corporate consultant to assist management in broadening the Company's investor relations and communications program. The consultant will help strengthen RITE's public profile through enhanced information flow to existing and prospective shareholders and through strategic corporate communications initiatives.

RITE also announced that it has expanded the size and scope of the investment banking agreement it recently executed and is finalizing negotiations with an additional investment banking firm. Similar to the previously announced engagement, the new agreement will also be on a non-exclusive, best-efforts basis focused on securing debt financing to support the Company's growth strategy, including strategic acquisitions, targeted development and expansion projects. Both investment banking firms specialize in fixed-income fundraising and structured capital markets transactions designed to support emerging growth companies. The planned capital raise is expected to fund these and other key operational objectives over the coming year.

"These actions mark a turning point for MineralRite as we build a stronger communication infrastructure and expand our access to institutional and strategic capital," said James Burgauer, President and CEO of MineralRite Corporation. "Our team is focused on aligning RITE's growth strategy with investor interests and on executing with discipline and transparency."

Further details about the Company's financial results, business developments, and capital initiatives will be announced as material events occur.

 

https://www.newsfilecorp.com/release/273605



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