MineralRite Corporation Reports No Revenue and Significant Net Loss for Fiscal Year 2025

MineralRite Corporation, a Texas-based mineral and mine management company, reported no operating revenue for the fiscal year ending December 31, 2025, compared to $5,000 in revenue for the previous year. The company incurred operating expenses of approximately $434,819, resulting in a net loss of $291,519 for 2025, a significant decline from the net income of $396,762 reported in 2024, which was primarily driven by non-recurring gains from the derecognition of legacy obligations. The increase in operating expenses, approximately 17% from the prior year, was attributed to costs associated with investment banking and professional services related to capital markets activities.

In a strategic move, MineralRite completed the acquisition of California Precious Metals LLC and Peeples, Inc. on December 31, 2024, for a total consideration of approximately $432 million, which included 6.9 million shares of Series NMC Convertible Preferred Stock and 6.9 million warrants. This acquisition is expected to enhance the company's focus on mineral asset development and recovery operations. Following the acquisition, the company has engaged consultants to advance the acquired assets toward operational readiness, including the Skull Valley tailings project, which is a key focus for future production.

As of December 31, 2025, the company had approximately 6.2 billion shares of common stock issued and outstanding, reflecting a significant increase from 4.3 billion shares in the previous year. This increase was primarily due to the conversion of preferred stock into common stock and the issuance of additional shares for various transactions. The company also reported a working capital deficit and limited cash resources, raising concerns about its ability to continue as a going concern without additional financing. Management is actively pursuing capital-raising alternatives, including equity issuances and strategic partnerships.

Operationally, the company has not yet established mineral resources or reserves under SEC Regulation S-K 1300, as its properties remain in the exploration stage. The company is focused on advancing its mineral assets and has engaged a Qualified Person to conduct a multi-phase technical evaluation of the Skull Valley tailings project. The results of this evaluation will inform future development and monetization strategies. The company also holds other mineral properties acquired in the NMC transaction, which are currently under evaluation.

Looking ahead, MineralRite's management plans to focus on capital markets activities, strategic partnerships, and the advancement of its mineral asset projects over the next twelve months. However, the company's ability to execute these plans is contingent upon securing adequate financing. The company has acknowledged the material weakness in its internal control over financial reporting, primarily due to a lack of segregation of duties, and is working to enhance its internal control procedures as resources permit.