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Saturday, November 26, 2022

MineralRite Corporation (OTCMKTS: RITE) Breaking Out as Company Signs 3 New Experts and Inks Deal with Sterling Macro Research LLC

MineralRite Corporation (OTCMKTS: RITE) is not trending northbound moving up over 25% on Wednesday alone as the stock is once again being accumulated. The Company has done a lot in r4cent months coming off the expert market RITE is now “pink current” and just lowered their authorized shares by 75% to 5 billion meaning they are now close to maxed out any cannot issue many more shares. The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years.   

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. RITE is the perfect merger candidate; trading at a tiny market valuation of just $3 million the Company has very little debt on the books with just $350k in total liabilities. The Company has been making some big moves recently engaging MIS Consulting, Inc. and Mr. James Burgauer to help steer new business development. More recently RITE reported four more experts have now joined the company to further the execution of MineralRite’s newly formulated business plan including Mr. Todd Gibson, Mr. James Bame, and Mr. Thomas Benson. They also inked a deal with Sterling Macro Research LLC.  

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MineralRite Corporation (OTCMKTS: RITE) is a diversified holding Company specializing in precious metals and mineral assets. The Company sits at the heart of global commodity flow, moving products from source to customer quickly, responsibly and cost-effectively. Founded in 1996, today Mineralrite trades large volumes of precious metals, minerals and energy products on a monthly basis. Our business is founded on the long-term relationships we’ve built with our customers, on our expertise, market understanding and reputation for reliably delivering the required products, on time and to specification. 

MineralRite Corporation was incorporated in Nevada on October 22, 1996 under its original name PSM Corp. The Company changed its emphasis to the exploration and development of natural resources and on November 23, 2005 changed its name to Royal Quantum Group, Inc. On October 18, 2012, the Company again changed its name from Royal Quantum Group, Inc. to MineralRite Corporation. On August 31, 2012, the Company declared a 50-for-1 reverse stock split of its common stock. All references in the accompanying consolidated financials to the number of shares outstanding and per-share amounts have been restated to reflect this stock split. In April of 2021, the company merged into Texas and became a Texas Corporation. The total number of shares authorized increased to 20,000,000,000. The merger was perfected and the company moved from Nevada completely on November 17, 2021.  

The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years. Structuring, developing and financing early-stage companies with both private and public equity is his forte. Three private companies he has launched have now become integral parts of well-known public companies. The food distribution company he started, for example, became one of the largest of its kind in Canada. During the past 15 years, Guy has been working in China as a consultant and executive for boutique venture capital firms. If you go back on Ihub and look at previous posts from investors many have a different opinion of Mr. Peckham than the profile above. 

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RITE

In September RITE engaged MIS Consulting, Inc. and Mr. James Burgauer to help steer new business development as the company emerges from its restructuring and begins to execute its newly formulated business plan. MIS Consulting, Inc. has been in the consulting business since its incorporation in 1984 and has served clients in a multitude of industries. Of particular interest to Mineral Rite is MIS’ experience in new business development as well as its focus and contact base in the Technology and Computer Sector, the Financial Services Sector and the Mineral and Mining Sector. 

James Burgauer, President of MIS will act as the designated consultant handling the MineralRite account. He is a seasoned entrepreneur with a proven track record who began his professional career in the brokerage business. His tenure in that industry includes the founding of three broker-dealers, a mutual fund, a transfer agent, an insurance agency, a commodity brokerage firm and two investment advisory firms. Over the years, he has employed hundreds of licensed personnel; and at the time his firm was acquired by a public company, it was holding in excess of $700 million of customer funds, spread across tens of thousands of accounts, being managed by nearly 300 registered representatives. Additionally, he brings with him a seasoned rolodex of long time contacts and a multitude of strategic relationships with individuals and entities that specialize in the physical purchase, sales, delivery and processing of commodities including precious, semi-precious and base metals. 

On October 27 RITE announced four more experts have now joined the company to further the execution of MineralRite’s newly formulated business plan including Mr. Todd Gibson, Mr. James Bame, and Mr. Thomas Benson. They also inked a deal with Sterling Macro Research LLC. Sterling Macro is a Research Consulting Company which specializes in targeted mergers and acquisitions. Sterling Macro was founded over a decade ago by commodities veterans with integral knowledge and skills in the evaluation and analysis of industrial and material based companies. Sterling Macro will be joining forces with MineralRite and will be assisting MineralRite in the identification, acquisition and execution of the upcoming merger and acquisition activities contained within its newly formulated business plan. 

RITE CEO Guy Peckham stated: “We are overjoyed to have this caliber of talent brought to MineralRite to help execute the aggressive goals we have set out for the Company; and we are ecstatic that our rollout plan is gaining the necessary momentum to rebuild the Company as we move forward into the next several quarters and years. We hope to be making additional announcements again in the near future on several other projects that are presently in our corporate pipeline. And, as always, we look forward to keeping the investment community informed on the progress we are making.” 

https://twitter.com/og_tigress/status/1587878091698966529

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Currently trading at a $3 million market valuation RITE is a reverse merger play that is getting noticed by investors as the Company recently engaging MIS Consulting, Inc. and Mr. James Burgauer to help steer new business development. More recently RITE reported four more experts have now joined the company to further the execution of MineralRite’s newly formulated business plan including Mr. Todd Gibson, Mr. James Bame, and Mr. Thomas Benson. They also inked a deal with Sterling Macro Research LLC. RITE is starting to get noticed by investors here and looks to be ready to make a move northbound. From current levels RITE has a lot of room for growth.   Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. The owner of the controlling block of RITE stock is Guy Peckham who has been an entrepreneur and business consultant for the past 30 years.We will be updating on RITE as more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in RITE either long or short and we have not been compensated for this article.

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