MineralRite Corporation Reports Q1 2025 Financial Results with $81,688 Net Loss

MineralRite Corporation has reported its financial results for the first quarter of 2025, revealing a net loss of $81,688, compared to a loss of $71,176 in the same period of the previous year. The company did not generate any revenue during this quarter, consistent with its ongoing development stage. Operating expenses for the quarter primarily consisted of legal and professional fees, business promotional costs, and corporate filings, totaling approximately $81,688. The company’s cash and cash equivalents increased significantly to approximately $29,200 from $1,716 a year earlier, reflecting a focus on stabilizing its financial position.

The company has undergone significant changes since the previous fiscal period, including the acquisition of two subsidiaries, Peeples, Inc. and California Precious Metals LLC, which hold mineral assets valued at approximately $432 million. This acquisition was part of a strategic move to enhance its mineral asset portfolio and is expected to facilitate future revenue generation. The company has also engaged in a corporate cleanup process, including filing a Form 10 with the Securities and Exchange Commission (SEC) to become fully reporting, which is aimed at improving corporate transparency and investor appeal.

Operationally, MineralRite has not reported any customer counts or user statistics, as it remains in the early stages of its business model focused on mineral asset management. The company is actively pursuing financing options, including a Regulation A+ offering, which could allow it to raise up to $75 million to fund project development and operational activities. The company’s current liabilities stand at approximately $5.01 million, primarily due to obligations assumed from the recent acquisition of its subsidiaries.

Management has indicated that it expects operating costs to remain stable in the near term while focusing on developing revenue streams from its mineral assets. The company is also in the process of expanding its Board of Directors from one member to five, which is part of its strategy to enhance governance and operational oversight. Looking ahead, MineralRite aims to finalize the integration of its newly acquired subsidiaries, advance mineral asset evaluation, and secure capital to fund ongoing operations and asset development. However, the company acknowledges that there can be no assurance regarding the success or timing of these initiatives.