MineralRite Corporation

What they do

MineralRite acquires, evaluates, develops, and seeks to monetize mineral assets, with an emphasis on previously processed tailings and above-ground mineralized materials. Its primary operational focus is advancing the Skull Valley tailings project in Arizona toward production through third-party contractors for physical movement and processing, while the Company handles project management, technical oversight, and monetization. The Company also maintains certain equipment and precious-metal transaction capabilities that may support its core mineral-asset activities.

Revenue drivers

• Mineral asset monetization (Skull Valley tailings) — The Company's stated primary focus is bringing acquired tailings materials into production and monetizing them via production, joint ventures, project-level financing, or strategic transactions; no such revenue has been generated to date.
• Strategic transactions and royalties — Management states it may monetize assets through production, project-level financing, joint ventures, strategic transactions, or royalty arrangements, but these are prospective and no related revenue is reported.
• Precious-metal and equipment transactions — The Company maintains capabilities related to equipment and precious-metal transactions that 'may support' core mineral activities; no revenue contribution is disclosed.
• Historic operating revenue (discontinued/immaterial) — Reported revenue was $5,000 for 2024 and zero for 2025; the last quarterly revenue figures in the data are from 2013-2014 (e.g., $213,473 for the quarter ended 2014-09-30) and are not part of current operations.

Recent performance

For the year ended December 31, 2025, the Company reported no operating revenue and a net loss of approximately $291,519, compared with $5,000 of revenue and net income of approximately $396,762 for 2024, which was driven primarily by non-recurring derecognition gains. Operating expenses rose to $434,819 in 2025 from $371,616 in 2024, an increase of about 17%, mainly from investment banking and professional services. Operating cash flow was negative $306,404 in 2025 versus negative $378,410 in 2024. At June 30, 2026, the balance sheet showed total assets of $247.7 million, total liabilities of $5.1 million, shareholder equity of $242.6 million, and cash and equivalents of only $9,580.

Strategy

Management has prioritized capital structure cleanup, resolution of legacy liabilities and securities, regulatory compliance, and advancement of its mineral assets following the October 2023 change in control. On December 31, 2024, the Company acquired California Precious Metals LLC and Peeples, Inc., including two mineral leases, previously processed tailings, and a mine development plan, for 6.9 million shares of Series NMC $25 Convertible Preferred Stock plus 6.9 million warrants, with an aggregate transaction value of approximately $246 million and about $5 million of assumed liabilities. The Company completed its Form 10 registration, which became effective June 29, 2026, renewed its Arizona State Land Department lease, and engaged a Qualified Person for a multi-phase technical evaluation and a Regulation S-K 1300 technical report on the tailings. Management is also evaluating potential joint venture partners and expects to engage third-party contractors for physical movement and processing while retaining project management and monetization.

Risks

• Development-stage, no significant revenue — The Company is in the development stage with no operating revenue in 2025 and only $5,000 in 2024, and there is no assurance its mineral assets will prove economically recoverable or reach production.
• Need for additional capital — The Company requires additional capital to implement its business plan, and future financings may result in substantial dilution; cash and equivalents were only $9,580 at June 30, 2026.
• Technical and regulatory uncertainty of mineral projects — Mineral projects carry inherent risks related to resource estimates, metallurgical performance, permitting, environmental compliance, reclamation obligations, and commodity prices, and Regulation S-K 1300 studies may not support economically viable production.
• Dependence on key personnel and consultants — Operations depend heavily on a small number of key executives and consultants, and losing them or failing to retain qualified technical and operational personnel could impair execution of the business strategy.

Outlook

Management expects operating expenses to increase as the Company transitions from a capital-structure and planning phase into a more active development phase, with personnel, lease, and insurance costs projected to rise by approximately $170,000 annually, excluding project development expenditures. The principal remaining regulatory objective is completion of the Form 10 process and resolution of Staff comments; the Form 10 became effective June 29, 2026. Management intends to advance the Skull Valley tailings project through a Qualified Person's technical evaluation and a Regulation S-K 1300 technical report, and to evaluate joint venture partners and third-party contractors for processing.