MineralRite Corporation Issues Major Corporate Update: Audit Completion, SEC Filings, Capital Structure Changes, and Skull Valley Project Progress

Key Highlights for Investors

• Completion of 2025 Financial Audit: Independent audit for the year ended December 31, 2025, is complete. The company’s legal team is finalizing the narrative and disclosure sections for the Annual Report on Form 10-K, which is expected to be filed on or before March 31, 2026.
• SEC Filings and Comment Process: MineralRite has filed formal responses to the SEC’s latest comments, including Amendment No. 5 to the Form 10 registration statement. The review process with the SEC is ongoing.
• Reclamation of Series C Preferred Shares: The company has reclaimed 45 shares of Series C Preferred Stock (convertible into 18 million common shares) from a service provider due to non-performance, effectively reducing potential dilution.
• Skull Valley Project Update: The company’s Qualified Person (QP) is conducting a two-phase review of the Skull Valley project. Phase 1 involves asset verification and historical data validation; Phase 2, if approved, will involve comprehensive technical reporting under SEC regulations.

Details Investors Must Know

1. Audit Completion and Regulatory Filings

MineralRite Corporation has successfully completed the independent audit of its 2025 financial statements. The audit’s completion is a significant milestone, improving the transparency and quality of information available to shareholders. The company’s legal team is now finalizing its Form 10-K, which will be filed by the March 31, 2026, deadline. This is MineralRite’s first Form 10-K filing, marking a major step as the company transitions to a fully reporting public company.

The company has also engaged in multiple rounds of correspondence with the SEC. On March 4, 2026, MineralRite filed Amendment No. 5 to its Form 10 registration statement, along with detailed responses to the SEC’s comments. Although the Form 10 became automatically effective under the Exchange Act after 60 days, the SEC review is still ongoing, and there is no certainty regarding when the “no further comment” stage will be reached.

2. Capital Structure: Reclamation of Series C Preferred Shares

In a move that directly benefits shareholders by reducing potential dilution, MineralRite has reclaimed 45 shares of Series C Preferred Stock from a third-party service provider. Each share is convertible into 400,000 common shares, totaling 18 million shares. These shares were originally issued as part of a services agreement, but were reclaimed due to the service provider’s failure to meet material obligations. The reclaimed shares have been returned to treasury and are no longer outstanding, thereby lowering the number of potentially issuable common shares.

This action reflects management’s commitment to enforcing agreements and protecting shareholder value. It is a significant development that may positively impact the company’s share structure and valuation due to reduced overhang.

3. Skull Valley Project: Technical Validation Underway

MineralRite’s Qualified Person is preparing an interim technical report on the Skull Valley project (held by subsidiary Peeples, Inc., acquired from NMC). Phase 1 of the review focuses on:

• Confirming the presence and condition of the physical asset (mine tailings), which was verified via a site visit on February 2, 2026.
• Validating historical technical documentation, including reports and analytical data, some of which date back decades. The QP is contacting original labs and professionals as part of this effort.

Investors should note that this review is based on historical data not verified under current SEC mining property standards. The company cautions that the reliability of such data cannot be assured until further verification is completed.

If the Board approves and resources are available, Phase 2 would include field verification, new sampling, and updated resource data, culminating in a technical report in compliance with SEC Regulation S-K 1300. However, there is no guarantee that the company will proceed with Phase 2 or that it will result in the establishment of any mineral resources or reserves.

4. Management Commentary

James Burgauer, President and CEO, emphasized the importance of these regulatory milestones, the company’s commitment to disciplined capital management, and ongoing efforts to validate the Skull Valley asset. This continued progress could support greater investor confidence and potentially improve market valuation.

Potentially Price-Sensitive Developments

• Audit completion and imminent 10-K filing should enhance transparency and regulatory compliance, both of which are critical for investor trust and broader market participation.
• Reclamation of preferred shares directly mitigates potential dilution, a positive for current shareholders.
• Progress at the Skull Valley project—even in its early validation phase—could add speculative value, though investors are cautioned that the project is still in technical review and not yet at the resource or reserve stage.

About MineralRite Corporation

MineralRite Corporation is a resource development company focused on the recovery and monetization of mineral assets and related operations.

For investor inquiries, contact: [email protected]

Disclaimer

This article contains forward-looking statements based on current management assumptions and expectations. Actual results may differ materially due to risks and uncertainties. This article does not constitute an offer to sell, nor a solicitation of an offer to buy, any securities. Investors should perform their own due diligence and consult with financial advisors before making investment decisions. MineralRite Corporation undertakes no obligation to update forward-looking statements except as required by law.

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