RITE
MineralRite Corporation0.0090
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
40.99MP/E (TTM)
-Basic EPS (TTM)
-3.60Dividend Yield
0%Recent Filings
8-K
Reclaims 45 preferred shares
MineralRite reclaimed 45 shares of Series C Preferred Stock from a breaching service provider on March 9, 2026, slashing potential common share dilution by 18 million shares fully converted. Outstanding Series C drops to 9,407 shares, now in treasury. It completed its 2025 audit, eyes 10-K filing by March 31, responded to SEC comments, and kicked off Phase 1 QP review of Skull Valley tailings. Dilution cut protects shareholders.
8-K
Secures Arizona gold lease
MineralRite's subsidiary Peeples inked a 20-year successor lease on January 26, 2026, for 377.11 acres in Yavapai County, Arizona, effective from May 2, 2023, to May 1, 2043, targeting gold with 8% royalties and $24,000 minimum annual royalties. This secures land rights for development, enabling Phase 1 site work by the qualified person. Lease non-renewable. Risks include no established resources.
8-K
Skull Valley lease nears approval
MineralRite advanced Skull Valley tailings project in Q4 2025, resubmitting its Mining Development Report to Arizona State Land Department, which accepted revisions including proposed Minimum Annual Guarantee; insurance and reclamation bond requirements were met, pushing the lease renewal to final administrative processing. Engaged a Qualified Person for S-K 1300 technical evaluation and reviewed capital structure for future financings. Lease failure would materially hurt prospects.
10-Q
Q3 FY2025 results
MineralRite posted Q3 operating loss of $75k, up from $58k y/y, but swung to net income of $25k versus $58k loss last year, thanks to $118k gain on extinguishing time-barred debt while unrealized investment losses hit $18k. YTD net loss narrowed to $126k from $461k profit, driven by one-time items. Cash climbed to $13k on $296k financing inflows, yet operating cash burned $247k; no FCF as capex undisclosed. Debt cleaned to $3k notes payable. December 2024 closed Peeples acquisition for $432M mine tailings (no goodwill), leases at $0 pending SEC reports. Dilution looms from convertibles. Going concern doubts persist amid zero revenue.
8-K
Q3 operational and capital updates
MineralRite Corporation advanced its Skull Valley Mine lease renewal with minor plan adjustments, paving the way for preparatory operations on $432 million in tailings. The company reclaimed 296 million shares to treasury, cutting dilution, and closed a fully subscribed Regulation D offering of Series D Preferred stock to insiders, signaling strong management alignment. OTC Markets granted Penny Stock Exempt status on September 2, 2025, boosting liquidity. Progress continues on a joint venture for mining and urban recovery projects.
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