Welcome to our dedicated page for Mineralrite news (Ticker: RITE), a resource for investors and traders seeking the latest updates and insights on Mineralrite stock.
Mineralrite (RITE) specializes in transforming historical mineral assets through sustainable reclamation and advanced processing technologies. This news hub provides investors and industry professionals with essential updates on corporate developments, operational milestones, and strategic initiatives within the mining sector.
Access real-time announcements covering earnings reports, joint venture formations, and technological innovations in mineral recovery. Our curated collection includes press releases detailing asset management strategies, environmental efficiency improvements, and corporate restructuring efforts that define RITE's market position.
Stay informed about critical updates including regulatory compliance achievements, mineral portfolio expansions, and supply chain optimizations. This resource serves as your primary source for understanding how RITE converts legacy mining challenges into sustainable value creation opportunities.
Bookmark this page for streamlined access to verified information about Mineralrite's operational segments and industry leadership. Regularly updated content ensures you maintain awareness of developments impacting the company's strategic trajectory within the natural resources sector.
MINERALRITE (OTC Pink: RITE) has successfully obtained approval from the Alberta Securities Commission (ASC) to revoke a Cease Trade Order (CTO) that was imposed in 2013. The CTO was initially placed due to alleged management operations in Alberta and failure to file certain financial disclosures with the province, despite proper SEC filings.
In September 2024, CEO Burgauer filed for CTO revocation, which was approved after months of negotiations. This decision now enables Albertans and Canadians to resume trading RITE stock. The company, formerly headquartered in Calgary, sought this revocation to re-enfranchise its Canadian shareholder base.
The company now focuses on two remaining objectives: resolving a FINRA case regarding the April 2021 F Reorganization merger-redomicile and lifting the 'Eligible for Unsolicited Quotes Only' flag on the stock.
MINERALRITE (OTC: RITE) has signed a non-exclusive investment banking agreement with Alpine Securities . This strategic partnership, announced on March 5, 2025, enables RITE to access Alpine's specialized OTC services while maintaining flexibility to work with other financial service providers.
The agreement aligns with CEO Burgauer's August 2024 commitment to restore RITE to an auditable state, achieve full reporting status, and strengthen ties with the brokerage community. The company has already announced its first acquisition and is working on updating historical reserve valuations to meet CRIRSCO and SEC compliance requirements.
Management is now focusing on their next acquisition target, leveraging Alpine's services for deal negotiations and capital access. CEO Burgauer, with his extensive background in financial services, highlighted that his industry experience helped secure additional services in the agreement that might have been overlooked by others.
MINERALRITE (RITE) has filed Form 10-12g with the SEC to initiate the process of becoming a fully reporting company. The filing is accessible through the SEC's EDGAR System and has been posted on RITE's Investor Relations page.
CEO James Burgauer outlined the company's strategic plan: first cleaning up and stabilizing the company, then acquiring assets, followed by raising capital for development and certification of acquired assets. The company aims to engage with the brokerage community through PCAOB audited financials and Form 10-12g filing to facilitate more active trading and potential lifting of the 'Unsolicited Quotes Only' banner through a 15c-211 sponsor.
The Form 10-12g is pending SEC review and comments. The company believes it has provided thorough, fair, and accurate disclosures.
MINERALRITE (RITE) has executed a Definitive Agreement to acquire two subsidiaries holding four mineral assets previously owned by NMC, Inc. The acquisition includes $432 million in audited asset value, consisting of over 700 acres of LODE mining claims and 279,000 tons of seismically proven tailings.
The transaction terms involve issuing approximately 6.9 million shares of newly designated convertible preferred stock, 6.9 million warrants, and assuming $5 million in liabilities. Each preferred share will be convertible into 500 common shares and includes warrants at $0.03 per share. The book value of RITE common stock increased to approximately $.031 per share post-conversion.
The company plans to conduct a Regulation A offering in spring 2025, potentially raising up to $75 million every twelve months. RITE is currently raising capital through a Reg D Rule 506(c) offering to fund joint venture operations and pursue uplisting to a more prominent exchange.
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.
