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MineralRite Corporation
- Market Cap
- Unavailable
- Price
- $0.0017
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 5.8M
About
As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase and sale of precious metals. The company was formerly known as Royal Quantum Group, Inc. and changed its name to MineralRite Corporation in October 2012. MineralRite Corporation was incorporated in 1996 and is based in Dallas, Texas.
Quick stats
Shares outstanding—
Computed float4.3B
Float / sharesUnknown
Cash runway (months)-3.6
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001096296
Websitehttps://mineral-rite.com
AI Summary
AI-generated1/8
minorbullishoperations update
MineralRite Announces Advancement of Skull Valley Project into Phase 2 Verification and Analytical Program
MineralRite plans to advance its Skull Valley tailings project into a Phase 2 drilling and sampling program aimed at supporting a Regulation S-K Subpart 1300 compliant Mineral Resource Estimate.
The decision follows a Phase 1 review that confirmed the presence of certain precious metals in limited samples, though the company noted these results are not representative of the site as a whole.
The advancement remains contingent on the availability of adequate financing, and the company currently has no established mineral resources or revenue-generating operations.
Red flags
- Company has no revenue-generating operations or defined mineral resources
- Project advancement subject to securing adequate financing
- Phase 1 sampling was limited and not representative of the entire site