{"success":true,"data":{"pressRelease":{"id":"2972","rtpr_id":"nNFC8whj5P","ticker":"RITE","exchange":"OTC","all_tickers":["RITE"],"title":"MineralRite Corporation (RITE) Reports on Key Developments for the First Quarter of 2026","author":"Newsfile Corp","published_at":"2026-04-21T13:15:12.215Z","article_body":"Dallas, Texas--(Newsfile Corp. - April 21, 2026) - MineralRite Corporation\n(OTCID: RITE) (\"RITE\" or the \"Company\"), a Texas-based resource development\ncompany focused on mineral recovery from previously processed materials, today\nprovided an update summarizing the material actions and developments that\noccurred during the first quarter of 2026.\n\nArizona Lease Renewal and Advancement of the Skull Valley Project\n\nDuring the quarter, the Company successfully completed the renewal of its\nmineral lease with the Arizona State Land Department covering the Skull Valley\nproject area.\n\nIn connection with the renewal process, the Company satisfied the bonding and\ninsurance requirements associated with the lease and completed the\nadministrative steps necessary to maintain the project in good standing.\n\nWith the renewal finalized, the Company now has full access to the site and\nhas begun the next phase of activities associated with evaluating and\nadvancing the Skull Valley tailings project.\n\nQualified Person Review and Field Verification Activities\n\nDuring the first quarter of 2026, Qualified Person (QP) Allan Schappert (CPG\n#11758, SME-RM), of ALS Geo Resources LLC, engaged by the Company, conducted a\nseries of review and verification activities related to the Skull Valley\nproject.\n\nMr. Schappert qualifies as a Qualified Person under SEC Regulation S-K Subpart\n1300 by virtue of his Certified Professional Geologist designation (CPG\n#11758) issued by the American Institute of Professional Geologists and his\nRegistered Member designation from the Society for Mining, Metallurgy &\nExploration (SME-RM), each being a recognized professional organization under\nS-K 1300, and by virtue of his relevant experience in mineral resource\nevaluation applicable to the subject matter of this technical work.\n\nMr. Schappert is engaged by the Company in connection with this project and is\nnot acting in an independent capacity for the purposes of this evaluation. Mr.\nSchappert and ALS Geo Resources LLC have previously served as Qualified\nPersons for multiple public companies in the United States and Canada.\n\nAs part of this process, Mr. Schappert reviewed the historical technical\ndocumentation associated with the previously processed tailings deposits\nlocated at the site. This review included prior metallurgical studies,\nanalytical reports, and other technical materials developed during earlier\nevaluations of the tailings. The Company notes that this historical technical\ninformation was prepared prior to the adoption of SEC Regulation S-K Subpart\n1300, was not prepared in accordance with those standards, is not current, has\nnot been independently verified to current standards, and should not be relied\nupon as establishing the existence of any mineral resources or reserves. The\nhistorical estimates are being reviewed solely as a preliminary step in the\nCompany's ongoing technical evaluation.\n\nAdditionally, Mr. Schappert confirmed with the laboratories that conducted\nportions of the earlier analytical work that the historical testing referenced\nin the documentation had, in fact, been performed and that the documentation\nhe reviewed accurately reflects the reports and analytical results originally\nproduced by those laboratories.\n\nQualified Person Site Verification Visits\n\nOn February 2, 2026, Mr. Schappert, in his capacity as the Company's Qualified\nPerson (QP), participated in a site visit to the Skull Valley project area to\nverify that the previously identified tailings pits remained intact and\naccessible.\n\nThis visit confirmed that the physical structures containing the historical\ntailings deposits were present, intact and remained in substantially the same\ncondition as described in prior technical documentation.\n\nQualified Person Sampling Program\n\nFollowing the verification visit, a second field visit was conducted on March\n30, 2026. During this visit, Mr. Schappert exposed portions of the tailing by\nremoving the overburden material and collected auger samples from the exposed\nmaterial found underneath. This process was repeated in multiple locations\nacross the various tailing pits.\n\nInitial observations indicated that the material exposed at the site was\nconsistent with historical descriptions of the sequestered mine tailings,\nincluding caked clay-like tailings material with consistent coloration and\ncomposition across sampling areas.\n\nSamples collected during the visit were secured under Mr. Schappert's\nchain-of-custody procedures, prepared for laboratory analysis, and hand\ndelivered to an independent laboratory selected by Mr. Schappert for\nanalytical testing. The Company and Mr. Schappert are currently awaiting the\nresults of those tests.\n\nThese activities represent an important step in confirming the condition and\ncharacteristics of the previously processed tailings associated with the\nproject and will assist Mr. Schappert in determining the scope of work,\nequipment requirements, and estimated costs associated with the next phase of\nevaluation. The work is being conducted as part of the Company's ongoing\ntechnical evaluation of the project in a manner consistent with the\nrequirements of Regulation S-K 1300 governing mining disclosures.\n\nEvaluation of Environmental Credit Opportunities\n\nIn addition to evaluating the potential for precious metals recovery from the\nSkull Valley tailings material, the Company has begun evaluating potential\nopportunities associated with environmental credit markets and related\nverification technologies.\n\nThese efforts are focused on determining whether remediation and reclamation\nactivities associated with the reprocessing of legacy mining materials may\ngenerate measurable environmental benefits that could potentially qualify\nunder recognized carbon accounting or other environmental credit\nmethodologies.\n\nIf viable, such environmental attributes could potentially be quantified and\nregistered under certain carbon or environmental credit registries, to the\nextent applicable methodologies exist and are recognized for activities of\nthis type. The application of these methodologies, which is highly speculative\nat this stage, could represent additional monetization strategies associated\nwith the remediation and reprocessing of legacy mining materials,\ncomplementing the traditional revenue-producing activities of a mining\noperation, such as the recovery and sale of metals.\n\nThese efforts may lead to the engagement of a specialized technical group to\nconduct a formal feasibility study designed to evaluate the potential\nquantification and economic value of environmental attributes associated with\nthe Skull Valley project, though no timeline can be assured and no such group\nhas been engaged as of the date of this press release.\n\nExpansion of Industry Advisory Team\n\nThe Company continues to expand its network of industry consultants as it\nadvances the evaluation and potential development of its mineral assets. The\nCompany regularly seeks consultants who may provide useful services and\nrecently entered into a consulting agreement with an industry executive with\nsignificant experience in the precious metals sector. The identity of the\nconsultant and certain terms of the engagement are subject to contractual\nconfidentiality and non-disclosure obligations, and accordingly the Company\nhas limited public disclosure of such information to the extent not required\nby applicable law.\n\nThe consultant has held senior leadership roles within the precious metals\nindustry and has developed expertise in the sourcing, processing, smelting,\nand refining of materials containing precious metals and related elements. In\naddition to operational experience, the consultant brings knowledge of\nprecious metals markets, hedging strategies, and the sale and trading of\nrefined metals, as well as longstanding industry relationships.\n\nAs the Company continues advancing the evaluation, testing, and potential\nprocessing of its mineral assets, management believes that this engagement,\ntogether with the experience of the Company's broader network of consultants,\nmay provide valuable insight into maximizing the recovery potential of these\nmaterials.\n\nShare Reclamation Initiative\n\nDuring the quarter, the Company continued implementing initiatives designed to\nstrengthen its capital structure. As part of these efforts, the Company\nsuccessfully obtained the return and cancellation of 45 shares of its Series C\npreferred stock representing the equivalent of approximately 18 million shares\nof common stock, further reducing potential dilution.\n\nManagement continues to evaluate opportunities to improve the Company's\ncapital structure where appropriate while maintaining alignment with long-term\nshareholder interests.\n\nContinued Advisor Participation in the Company's Capital Formation Process\n\nThe Company continues to strengthen its capital base through the participation\nof its consulting advisors and industry specialists, many of whom have\naccepted the opportunity to purchase bespoke options to acquire Series C\nPreferred Shares (issued pursuant to an exemption from registration under the\nSecurities Act of 1933) in connection with their consulting agreements and\nhave subsequently exercised those options. These advisors receive compensation\nunder their consulting agreements, which may include cash, equity, and/or\nequity-based awards. Pursuant to Section 17(b) of the Securities Act of 1933,\nthe Company discloses that certain advisors referenced in this press release\nhave received or are entitled to receive equity compensation in the form of\noptions to acquire Series C Preferred Shares, each convertible into 400,000\nshares of common stock, in connection with their advisory services to the\nCompany. Investors should consider the potential conflicts of interest arising\nfrom such compensation arrangements.\n\nA majority of the securities offered under the Company's previously disclosed\nand completed Regulation D, Rule 506(c) offering (as reported on Form D filed\nwith the Securities and Exchange Commission) were also purchased by an\naccredited investor who serves as a consulting advisor to the Company. The\nCompany confirms that it took reasonable steps to verify the accredited\ninvestor status of all purchasers in accordance with Rule 506(c).\n\nAs a reporting company, the Company's directors, officers, and other\napplicable insiders are required to report their beneficial ownership of, and\ntransactions in, the Company's securities pursuant to Section 16 of the\nSecurities Exchange Act of 1934. Such filings are publicly available through\nthe Securities and Exchange Commission's EDGAR system.\n\nThe participation of the Company's advisors and management creates\nequity-based incentives tied to the Company's performance. Investors should\nreview the Company's SEC filings for a full description of the terms of\nadvisor and management equity compensation, including the potential dilutive\nimpact on the Company's common stockholders.\n\nManagement Commentary\n\nJames Burgauer, President and CEO of MineralRite Corporation, stated: \"During\nthe first quarter of 2026, RITE advanced several foundational elements of our\ndevelopment strategy, including the renewal of our Skull Valley lease, initial\nfield verification work at the site, and the expansion of our advisory team\nwith experienced professionals from the precious metals industry. These\ndevelopments represent important steps as we continue moving the Company's\ninitiatives forward. At the same time, our focus on remediation, recycling,\nand resource recovery — rather than traditional greenfield mining — may\ncreate additional monetization opportunities associated with environmental,\nsustainability, and ESG initiatives alongside the traditional recovery and\nsale of metals, though no assurance can be given that any such opportunities\nwill materialize or prove economically viable.\"\n\n---\n\nAbout MineralRite Corporation\n\nMineralRite Corporation is a resource development company engaged in the\nevaluation, and potential future recovery and monetization, of mineral assets\nand related operations. The Company is in the early stages of development and\nhas not yet established any mineral resources or reserves under SEC Regulation\nS-K Subpart 1300, nor does it currently have any revenue-generating\noperations.\n\nContact:\nMineralRite Corporation Investor Relations\nEmail: investor-relations@mineral-rite.com\n\nSafe Harbor Disclosure\n\nForward-Looking Statements: Certain information set forth in this\ncommunication contains \"forward-looking statements\" within the meaning of\napplicable U.S. federal securities laws. Because MineralRite Corporation's\ncommon stock is \"penny stock\" exempt as defined under Section 3(a)(51) of the\nSecurities Exchange Act of 1934, the statutory safe harbor for forward-looking\nstatements under Section 21E of the Exchange Act may not apply. Investors are\ncautioned that forward-looking statements are subject to known and unknown\nrisks and uncertainties and are based on management's reasonable assumptions,\nwhich may prove incorrect. The Company relies on the common-law \"bespeaks\ncaution\" doctrine and the meaningful cautionary language set forth herein in\nmaking forward-looking statements. Except for statements of historical fact,\nthe information contained herein constitutes forward-looking statements and\nincludes, but is not limited to, the (i) projected financial performance of\nthe Company; (ii) the timing, terms, and completion of any financing or\ncapital markets initiatives; (iii) the expected development of the Company's\nbusiness, projects, and joint ventures; (iv) execution of the Company's vision\nand growth strategy, including with respect to future M&A activity and global\ngrowth; (v) sources and availability of third-party financing for the\nCompany's projects; (vi) completion of the Company's projects that are\ncurrently underway, in development or otherwise under consideration; (vii)\nrenewal of the Company's current customer, supplier and other material\nagreements; (viii) future liquidity, working capital, and capital\nrequirements; (ix) statements regarding the potential value or economic\nviability of the Skull Valley project absent completed S-K 1300-compliant\ntechnical reports; (x) statements regarding the expected benefits of commodity\nprice trends; (xi) statements regarding investor or market interest in the\nCompany's assets; and (xii) statements regarding the Company's ability to\nmaintain or renew future leases and permits necessary to advance its projects.\nForward-looking statements are provided to allow potential investors the\nopportunity to understand management's beliefs and opinions in respect of the\nfuture so that they may use such beliefs and opinions as one factor in\nevaluating an investment.\n\nThese statements are not guarantees of future performance and undue reliance\nshould not be placed on them. Such forward-looking statements necessarily\ninvolve known and unknown risks and uncertainties, which may cause actual\nperformance and financial results in future periods to differ materially from\nany projections of future performance or result expressed or implied by such\nforward-looking statements.\n\nAlthough forward-looking statements contained in this communication are based\nupon what management of the Company believes are reasonable assumptions, there\ncan be no assurance that forward-looking statements will prove to be accurate,\nas actual results and future events could differ materially from those\nanticipated in such statements. Important factors that could cause actual\nresults to differ materially include, but are not limited to: (i) risks\nassociated with maintaining compliance with the terms of the Company's mineral\nlease with the Arizona State Land Department, including the potential for\nfuture renewal, operational, or permitting requirements; (ii) the absence of\nany established mineral resources or reserves under SEC Regulation S-K Subpart\n1300; (iii) the speculative nature of mineral exploration and the possibility\nthat no economically recoverable minerals exist at the Skull Valley project;\n(iv) volatility in commodity prices for gold, silver, and other minerals; (v)\nthe Company's ability to obtain financing on acceptable terms; (vi) regulatory\nand permitting risks; (vii) technical and operational risks associated with\nmineral recovery; (viii) the Company's limited operating history and lack of\nrevenue-generating operations; and (ix) the early stage of the Company's\nprojects and operations. The Company undertakes no obligation to update\nforward-looking statements if circumstances or management's estimates or\nopinions should change except as required by applicable securities laws. The\nreader is cautioned not to place undue reliance on forward-looking statements.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/293574","article_body_html":"","raw_payload":{"data":{"id":"nNFC8whj5P","title":"MineralRite Corporation (RITE) Reports on Key Developments for the First Quarter of 2026","author":"Newsfile Corp","ticker":"RITE","created":"2026-04-21T13:15:12.215Z","tickers":["RITE"],"exchange":"OTC","article_body":"Dallas, Texas--(Newsfile Corp. - April 21, 2026) - MineralRite Corporation\n(OTCID: RITE) (\"RITE\" or the \"Company\"), a Texas-based resource development\ncompany focused on mineral recovery from previously processed materials, today\nprovided an update summarizing the material actions and developments that\noccurred during the first quarter of 2026.\n\nArizona Lease Renewal and Advancement of the Skull Valley Project\n\nDuring the quarter, the Company successfully completed the renewal of its\nmineral lease with the Arizona State Land Department covering the Skull Valley\nproject area.\n\nIn connection with the renewal process, the Company satisfied the bonding and\ninsurance requirements associated with the lease and completed the\nadministrative steps necessary to maintain the project in good standing.\n\nWith the renewal finalized, the Company now has full access to the site and\nhas begun the next phase of activities associated with evaluating and\nadvancing the Skull Valley tailings project.\n\nQualified Person Review and Field Verification Activities\n\nDuring the first quarter of 2026, Qualified Person (QP) Allan Schappert (CPG\n#11758, SME-RM), of ALS Geo Resources LLC, engaged by the Company, conducted a\nseries of review and verification activities related to the Skull Valley\nproject.\n\nMr. Schappert qualifies as a Qualified Person under SEC Regulation S-K Subpart\n1300 by virtue of his Certified Professional Geologist designation (CPG\n#11758) issued by the American Institute of Professional Geologists and his\nRegistered Member designation from the Society for Mining, Metallurgy &\nExploration (SME-RM), each being a recognized professional organization under\nS-K 1300, and by virtue of his relevant experience in mineral resource\nevaluation applicable to the subject matter of this technical work.\n\nMr. Schappert is engaged by the Company in connection with this project and is\nnot acting in an independent capacity for the purposes of this evaluation. Mr.\nSchappert and ALS Geo Resources LLC have previously served as Qualified\nPersons for multiple public companies in the United States and Canada.\n\nAs part of this process, Mr. Schappert reviewed the historical technical\ndocumentation associated with the previously processed tailings deposits\nlocated at the site. This review included prior metallurgical studies,\nanalytical reports, and other technical materials developed during earlier\nevaluations of the tailings. The Company notes that this historical technical\ninformation was prepared prior to the adoption of SEC Regulation S-K Subpart\n1300, was not prepared in accordance with those standards, is not current, has\nnot been independently verified to current standards, and should not be relied\nupon as establishing the existence of any mineral resources or reserves. The\nhistorical estimates are being reviewed solely as a preliminary step in the\nCompany's ongoing technical evaluation.\n\nAdditionally, Mr. Schappert confirmed with the laboratories that conducted\nportions of the earlier analytical work that the historical testing referenced\nin the documentation had, in fact, been performed and that the documentation\nhe reviewed accurately reflects the reports and analytical results originally\nproduced by those laboratories.\n\nQualified Person Site Verification Visits\n\nOn February 2, 2026, Mr. Schappert, in his capacity as the Company's Qualified\nPerson (QP), participated in a site visit to the Skull Valley project area to\nverify that the previously identified tailings pits remained intact and\naccessible.\n\nThis visit confirmed that the physical structures containing the historical\ntailings deposits were present, intact and remained in substantially the same\ncondition as described in prior technical documentation.\n\nQualified Person Sampling Program\n\nFollowing the verification visit, a second field visit was conducted on March\n30, 2026. During this visit, Mr. Schappert exposed portions of the tailing by\nremoving the overburden material and collected auger samples from the exposed\nmaterial found underneath. This process was repeated in multiple locations\nacross the various tailing pits.\n\nInitial observations indicated that the material exposed at the site was\nconsistent with historical descriptions of the sequestered mine tailings,\nincluding caked clay-like tailings material with consistent coloration and\ncomposition across sampling areas.\n\nSamples collected during the visit were secured under Mr. Schappert's\nchain-of-custody procedures, prepared for laboratory analysis, and hand\ndelivered to an independent laboratory selected by Mr. Schappert for\nanalytical testing. The Company and Mr. Schappert are currently awaiting the\nresults of those tests.\n\nThese activities represent an important step in confirming the condition and\ncharacteristics of the previously processed tailings associated with the\nproject and will assist Mr. Schappert in determining the scope of work,\nequipment requirements, and estimated costs associated with the next phase of\nevaluation. The work is being conducted as part of the Company's ongoing\ntechnical evaluation of the project in a manner consistent with the\nrequirements of Regulation S-K 1300 governing mining disclosures.\n\nEvaluation of Environmental Credit Opportunities\n\nIn addition to evaluating the potential for precious metals recovery from the\nSkull Valley tailings material, the Company has begun evaluating potential\nopportunities associated with environmental credit markets and related\nverification technologies.\n\nThese efforts are focused on determining whether remediation and reclamation\nactivities associated with the reprocessing of legacy mining materials may\ngenerate measurable environmental benefits that could potentially qualify\nunder recognized carbon accounting or other environmental credit\nmethodologies.\n\nIf viable, such environmental attributes could potentially be quantified and\nregistered under certain carbon or environmental credit registries, to the\nextent applicable methodologies exist and are recognized for activities of\nthis type. The application of these methodologies, which is highly speculative\nat this stage, could represent additional monetization strategies associated\nwith the remediation and reprocessing of legacy mining materials,\ncomplementing the traditional revenue-producing activities of a mining\noperation, such as the recovery and sale of metals.\n\nThese efforts may lead to the engagement of a specialized technical group to\nconduct a formal feasibility study designed to evaluate the potential\nquantification and economic value of environmental attributes associated with\nthe Skull Valley project, though no timeline can be assured and no such group\nhas been engaged as of the date of this press release.\n\nExpansion of Industry Advisory Team\n\nThe Company continues to expand its network of industry consultants as it\nadvances the evaluation and potential development of its mineral assets. The\nCompany regularly seeks consultants who may provide useful services and\nrecently entered into a consulting agreement with an industry executive with\nsignificant experience in the precious metals sector. The identity of the\nconsultant and certain terms of the engagement are subject to contractual\nconfidentiality and non-disclosure obligations, and accordingly the Company\nhas limited public disclosure of such information to the extent not required\nby applicable law.\n\nThe consultant has held senior leadership roles within the precious metals\nindustry and has developed expertise in the sourcing, processing, smelting,\nand refining of materials containing precious metals and related elements. In\naddition to operational experience, the consultant brings knowledge of\nprecious metals markets, hedging strategies, and the sale and trading of\nrefined metals, as well as longstanding industry relationships.\n\nAs the Company continues advancing the evaluation, testing, and potential\nprocessing of its mineral assets, management believes that this engagement,\ntogether with the experience of the Company's broader network of consultants,\nmay provide valuable insight into maximizing the recovery potential of these\nmaterials.\n\nShare Reclamation Initiative\n\nDuring the quarter, the Company continued implementing initiatives designed to\nstrengthen its capital structure. As part of these efforts, the Company\nsuccessfully obtained the return and cancellation of 45 shares of its Series C\npreferred stock representing the equivalent of approximately 18 million shares\nof common stock, further reducing potential dilution.\n\nManagement continues to evaluate opportunities to improve the Company's\ncapital structure where appropriate while maintaining alignment with long-term\nshareholder interests.\n\nContinued Advisor Participation in the Company's Capital Formation Process\n\nThe Company continues to strengthen its capital base through the participation\nof its consulting advisors and industry specialists, many of whom have\naccepted the opportunity to purchase bespoke options to acquire Series C\nPreferred Shares (issued pursuant to an exemption from registration under the\nSecurities Act of 1933) in connection with their consulting agreements and\nhave subsequently exercised those options. These advisors receive compensation\nunder their consulting agreements, which may include cash, equity, and/or\nequity-based awards. Pursuant to Section 17(b) of the Securities Act of 1933,\nthe Company discloses that certain advisors referenced in this press release\nhave received or are entitled to receive equity compensation in the form of\noptions to acquire Series C Preferred Shares, each convertible into 400,000\nshares of common stock, in connection with their advisory services to the\nCompany. Investors should consider the potential conflicts of interest arising\nfrom such compensation arrangements.\n\nA majority of the securities offered under the Company's previously disclosed\nand completed Regulation D, Rule 506(c) offering (as reported on Form D filed\nwith the Securities and Exchange Commission) were also purchased by an\naccredited investor who serves as a consulting advisor to the Company. The\nCompany confirms that it took reasonable steps to verify the accredited\ninvestor status of all purchasers in accordance with Rule 506(c).\n\nAs a reporting company, the Company's directors, officers, and other\napplicable insiders are required to report their beneficial ownership of, and\ntransactions in, the Company's securities pursuant to Section 16 of the\nSecurities Exchange Act of 1934. Such filings are publicly available through\nthe Securities and Exchange Commission's EDGAR system.\n\nThe participation of the Company's advisors and management creates\nequity-based incentives tied to the Company's performance. Investors should\nreview the Company's SEC filings for a full description of the terms of\nadvisor and management equity compensation, including the potential dilutive\nimpact on the Company's common stockholders.\n\nManagement Commentary\n\nJames Burgauer, President and CEO of MineralRite Corporation, stated: \"During\nthe first quarter of 2026, RITE advanced several foundational elements of our\ndevelopment strategy, including the renewal of our Skull Valley lease, initial\nfield verification work at the site, and the expansion of our advisory team\nwith experienced professionals from the precious metals industry. These\ndevelopments represent important steps as we continue moving the Company's\ninitiatives forward. At the same time, our focus on remediation, recycling,\nand resource recovery — rather than traditional greenfield mining — may\ncreate additional monetization opportunities associated with environmental,\nsustainability, and ESG initiatives alongside the traditional recovery and\nsale of metals, though no assurance can be given that any such opportunities\nwill materialize or prove economically viable.\"\n\n---\n\nAbout MineralRite Corporation\n\nMineralRite Corporation is a resource development company engaged in the\nevaluation, and potential future recovery and monetization, of mineral assets\nand related operations. The Company is in the early stages of development and\nhas not yet established any mineral resources or reserves under SEC Regulation\nS-K Subpart 1300, nor does it currently have any revenue-generating\noperations.\n\nContact:\nMineralRite Corporation Investor Relations\nEmail: investor-relations@mineral-rite.com\n\nSafe Harbor Disclosure\n\nForward-Looking Statements: Certain information set forth in this\ncommunication contains \"forward-looking statements\" within the meaning of\napplicable U.S. federal securities laws. Because MineralRite Corporation's\ncommon stock is \"penny stock\" exempt as defined under Section 3(a)(51) of the\nSecurities Exchange Act of 1934, the statutory safe harbor for forward-looking\nstatements under Section 21E of the Exchange Act may not apply. Investors are\ncautioned that forward-looking statements are subject to known and unknown\nrisks and uncertainties and are based on management's reasonable assumptions,\nwhich may prove incorrect. The Company relies on the common-law \"bespeaks\ncaution\" doctrine and the meaningful cautionary language set forth herein in\nmaking forward-looking statements. Except for statements of historical fact,\nthe information contained herein constitutes forward-looking statements and\nincludes, but is not limited to, the (i) projected financial performance of\nthe Company; (ii) the timing, terms, and completion of any financing or\ncapital markets initiatives; (iii) the expected development of the Company's\nbusiness, projects, and joint ventures; (iv) execution of the Company's vision\nand growth strategy, including with respect to future M&A activity and global\ngrowth; (v) sources and availability of third-party financing for the\nCompany's projects; (vi) completion of the Company's projects that are\ncurrently underway, in development or otherwise under consideration; (vii)\nrenewal of the Company's current customer, supplier and other material\nagreements; (viii) future liquidity, working capital, and capital\nrequirements; (ix) statements regarding the potential value or economic\nviability of the Skull Valley project absent completed S-K 1300-compliant\ntechnical reports; (x) statements regarding the expected benefits of commodity\nprice trends; (xi) statements regarding investor or market interest in the\nCompany's assets; and (xii) statements regarding the Company's ability to\nmaintain or renew future leases and permits necessary to advance its projects.\nForward-looking statements are provided to allow potential investors the\nopportunity to understand management's beliefs and opinions in respect of the\nfuture so that they may use such beliefs and opinions as one factor in\nevaluating an investment.\n\nThese statements are not guarantees of future performance and undue reliance\nshould not be placed on them. Such forward-looking statements necessarily\ninvolve known and unknown risks and uncertainties, which may cause actual\nperformance and financial results in future periods to differ materially from\nany projections of future performance or result expressed or implied by such\nforward-looking statements.\n\nAlthough forward-looking statements contained in this communication are based\nupon what management of the Company believes are reasonable assumptions, there\ncan be no assurance that forward-looking statements will prove to be accurate,\nas actual results and future events could differ materially from those\nanticipated in such statements. Important factors that could cause actual\nresults to differ materially include, but are not limited to: (i) risks\nassociated with maintaining compliance with the terms of the Company's mineral\nlease with the Arizona State Land Department, including the potential for\nfuture renewal, operational, or permitting requirements; (ii) the absence of\nany established mineral resources or reserves under SEC Regulation S-K Subpart\n1300; (iii) the speculative nature of mineral exploration and the possibility\nthat no economically recoverable minerals exist at the Skull Valley project;\n(iv) volatility in commodity prices for gold, silver, and other minerals; (v)\nthe Company's ability to obtain financing on acceptable terms; (vi) regulatory\nand permitting risks; (vii) technical and operational risks associated with\nmineral recovery; (viii) the Company's limited operating history and lack of\nrevenue-generating operations; and (ix) the early stage of the Company's\nprojects and operations. The Company undertakes no obligation to update\nforward-looking statements if circumstances or management's estimates or\nopinions should change except as required by applicable securities laws. The\nreader is cautioned not to place undue reliance on forward-looking statements.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/293574"},"type":"article","timestamp":"2026-04-21T13:15:12.276452902Z","server_sent_at_ms":1776777312276},"received_at":"2026-04-21T13:15:12.447Z","source_url":"https://www.newsfilecorp.com/release/293574"},"analysis":{"id":"1928","press_release_id":"2972","analysis_json":{"industry":{"label":"Materials","sector":"Materials"},"redFlags":["No revenue-generating operations","Historical technical data not compliant with SEC Regulation S-K 1300","Advisors receiving equity compensation presents potential conflicts of interest","Company discloses its common stock is a 'penny stock' exempt"],"eventType":"other","narrative":"MineralRite renewed the mineral lease for its Skull Valley project with the Arizona State Land Department, satisfying necessary bonding and insurance requirements to maintain the project in good standing.\n\nQualified Person Allan Schappert conducted site verification visits and collected samples for independent lab analysis, noting that historical technical data is non-compliant with current SEC standards.\n\nThe company reclaimed 45 shares of Series C preferred stock, equivalent to approximately 18 million common shares, to reduce dilution while expanding its advisory team with precious metals experts.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Operational progress at Skull Valley balanced by lack of defined reserves and revenue."},"keyFigures":{"customDimensions":{"series_c_conversion_ratio":400000,"common_shares_reclaimed_eq":"approximately 18 million","preferred_shares_reclaimed":45}},"quotedText":"During the first quarter of 2026, RITE advanced several foundational elements of our development strategy, including the renewal of our Skull Valley lease, initial field verification work at the site, and the expansion of our advisory team with experienced professionals from the precious metals industry.","namedEntities":{"people":[{"name":"Allan Schappert","role":"Qualified Person"},{"name":"James Burgauer","role":"President and CEO"}],"products":["Skull Valley project","Skull Valley tailings project"],"companies":[{"name":"ALS Geo Resources LLC","relationship":"technical consultant"},{"name":"Arizona State Land Department","relationship":"lessor"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Operational update for a pre-revenue micro-cap company. Lease renewal and sampling are expected steps in the exploration lifecycle; share reclamation is modestly positive but does not alter the fundamental risk profile or lack of established reserves."},"tickerRelevance":{"others":[],"primary":"RITE"},"eventTypeSecondary":[]},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"MineralRite renewed the mineral lease for its Skull Valley project with the Arizona State Land Department, satisfying necessary bonding and insurance requirements to maintain the project in good standing.\n\nQualified Person Allan Schappert conducted site verification visits and collected samples for independent lab analysis, noting that historical technical data is non-compliant with current SEC standards.\n\nThe company reclaimed 45 shares of Series C preferred stock, equivalent to approximately 18 million common shares, to reduce dilution while expanding its advisory team with precious metals experts.","key_figures":{"customDimensions":{"series_c_conversion_ratio":400000,"common_shares_reclaimed_eq":"approximately 18 million","preferred_shares_reclaimed":45}},"named_entities":{"people":[{"name":"Allan Schappert","role":"Qualified Person"},{"name":"James Burgauer","role":"President and CEO"}],"products":["Skull Valley project","Skull Valley tailings project"],"companies":[{"name":"ALS Geo Resources LLC","relationship":"technical consultant"},{"name":"Arizona State Land Department","relationship":"lessor"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T19:05:45.994Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.460Z"}},"durationMs":57311,"modelName":"glm-4.7"}}