Recent Updates — RITE

MineralRite Corporation announced that FINRA has processed the Form 211 filed by its sponsoring broker-dealer under SEC Rule 15c2-11. This action demonstrates compliance with FINRA Rule 6432 and permits the sponsor to initiate priced quotations for RITE common stock in the over-the-counter market, removing the previous "Unsolicited Quotes Only" designation. OTC Markets has removed the warning from the company's profile page, though the official quote eligibility status will update after the first priced quotation is published. Other broker-dealers may also begin quoting the stock. MineralRite Corporation operates in the mineral resources sector, focusing on the evaluation, remediation, recycling, and potential recovery of mineral values from existing materials such as mine tailings.

MineralRite Corporation filed a Restated Certificate of Formation with the State of Texas on October 26, 2026. The filing increases authorized Series D Preferred Stock from 35,000 to 60,000 shares and Series NMC Preferred Stock from 7.1 million to 10 million shares. Total authorized capital remains unchanged at 20 billion common and 50 million preferred shares. Previously retired preferred shares may now resume status as authorized but unissued. The company also adopted Amended and Restated Bylaws on November 2, 2026, creating CEO and CFO officer titles, prohibiting personal loans to directors and officers, and updating governance provisions. MineralRite Corporation operates in the mineral exploration and development sector.

MineralRite Corporation repurchased approximately 3.9 million Series NMC Preferred shares from related party Abstract Concepts 1618 LLC for an aggregate price of $106,724,942, settled via a non-interest-bearing promissory note that was subsequently cancelled against royalty and warrant exercises. Concurrently, Abstract exercised warrants for 6,900,000 Series NMC shares and 53,500 Series D shares, reducing potential common stock dilution by nearly 2 billion shares. The transaction permanently caps the Series NMC sinking-fund obligation at approximately $269 million ($27.23 per share), preventing further annual accretion. MineralRite Corporation operates in the mineral resource recovery and remediation sector.