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MINERALRITE (RITE), an OTC Pink Sheets micro-cap stock, has engaged Zhanna Kelley CPA P.C. for a PCAOB audit as part of its corporate rebirth strategy. Since Q4 2023, CEO Burgauer has led efforts to address historical issues, resulting in:
1. $519,000 accounting profit from derecognizing historical obligations
2. Reclamation of over 10 million shares, with 800 million more in progress
3. Renegotiation of convertible obligations, reducing dilution by 1.2 billion shares
The company aims to become fully audited and reporting, potentially enabling a Tier 2 Regulation A offering to raise up to $75 million annually. RITE plans to acquire mineral assets, develop them, and become an active metal supplier, with the goal of moving to the OTCQB market.
MINERALRITE (RITE), a micro-cap stock trading on OTC Pink Sheets, reported $519,000 in earnings for the first six months of 2024. This translates to approximately $0.0001 per share. The company has been actively cleaning up historical issues, engaging industry experts, and preparing for future growth. Key accomplishments include:
1. Cancelling millions of outstanding shares
2. Minimizing future share issuances
3. Cancelling over $750,000 worth of convertible obligations
4. Reducing scheduled dilution by 1.2 billion shares
RITE is focusing on three sectors: Mineral Management, Mining, Milling & Processing, and Acquisition, Recycling, Management & Liquidation. The company aims to raise capital for completing acquisitions in its pipeline.
MineralRite Corp. has announced the addition of four experts to advance its strategic business plan. Key hires include Todd Gibson, who brings 26 years of experience in the oil and gas industry; James Bame, a lawyer with expertise in contract and intellectual property law; and Thomas Benson, an equipment management specialist. Additionally, the company has partnered with Sterling Macro Research LLC for mergers and acquisitions. CEO Guy Peckham expressed enthusiasm about these developments aimed at enhancing the company's growth and operational capabilities.
MineralRite Corp. (OTC PINK: RITE), based in Dallas, has engaged MIS Consulting, Inc. and James Burgauer to enhance its business model as a diversified holding company. This move follows a corporate restructuring aimed at executing a new business strategy. MIS Consulting, established in 1984, specializes in various sectors, notably technology and mining. Burgauer, a seasoned entrepreneur, brings a wealth of experience from the brokerage industry. The compensation structure is designed to incentivize the development of profitable business avenues.
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