RITE
MineralRite Corporation0.0090
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
40.99MP/E (TTM)
-Basic EPS (TTM)
-3.60Dividend Yield
0%Recent Filings
10-Q
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.
10-Q
Q2 FY2025 results
MineralRite posted no revenue in Q2 FY2025 ended June 30, 2025, with operating expenses of $78,948 down 55.6% y/y from $178,036, yielding an operating loss of $78,948 versus $178,036 last year; net loss narrowed to $68,448 from a $590,342 gain, thanks to a $10,500 unrealized investment gain offsetting costs. YTD, operating loss improved to $160,636 from $249,214, but net loss hit $150,136 against a $519,164 gain, both driven by legacy obligation derecognition last year. Cash climbed to $38,448 from $10,458 at year-end, fueled by $243,039 in financing like preferred stock sales, while operating cash used $173,391; free cash flow not disclosed in the 10-Q. The December 2024 acquisition of Peeples and California Precious Metals for $432M in Series NMC preferred stock added $432M in mine tailings inventory, with no goodwill recognized. Legacy debt of $117,500 will be derecognized in Q3 2025 as unenforceable. Diluted EPS matches basic at $(0.000016) quarterly and $(0.000036) YTD due to anti-dilution from net loss. Regulatory hurdles persist in mineral asset validation.
8-K
SEC grants filing waiver
MineralRite Corporation secured SEC relief on June 18, 2025, under Rule 3-13 of Regulation S-X, allowing it to skip filing historical financial statements of its newly acquired subsidiary Peeples, Inc. This waiver, prompted by SEC comments on the company's amended Form 10, streamlines regulatory compliance post-acquisition. The SEC's decision hinges on MineralRite's specific representations. Forward-looking statements carry risks, as detailed in SEC filings.
10-Q
Q1 FY2025 results
MineralRite posted a Q1 net loss of $81,688, up 15% y/y from $71,176, driven by higher legal and promotional expenses while revenue stayed at zero. Expenses climbed to $81,688 from $71,176 y/y, reflecting corporate cleanup costs. Cash swelled to $29,200 from $1,716 y/y, fueled by $127,139 in financing inflows like preferred stock sales, though operating cash burned $22,051. The big shift: closed the NMC acquisition in late 2024 for 6.9 million Series NMC shares and $5M liability assumption, booking $432M in mineral assets. Debt sits at $160,821 long-term, with $5M current liabilities from the deal. No free cash flow disclosed in the 10-Q. Balance sheet flipped to $427M equity from a $701K deficit, thanks to the acquisition. Regulatory hurdles linger, like pending FINRA Form 211 approval.
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