Latest news with #RITE
Associated Press
29-04-2025
- Business
- Associated Press
MINERALRITE CORPORATION (RITE) Completes Corporate Action Case Filed with FINRA
Dallas, Texas--(Newsfile Corp. - April 29, 2025) - MINERALRITE TM Corporation (OTC Pink: RITE) (the 'Company' or 'RITE'), recently received notice from the Financial Industry Regulatory Authority ('FINRA') acknowledging its F Reorganization merger redomicile of the Company into the State of Texas. On March 22, 2024, RITE filed a case action with FINRA to properly recognize the F Reorganization that the Company underwent on April 7, 2021. Under the terms of this action, the Company merged the former Nevada entity into a Texas entity and exchanged shares on a one-for-one basis. Now that FINRA has recognized this action, RITE shares will be assigned a new CUSIP number and FINRA will update its records to recognize the same number of authorized shares that have been reflected by the Company and the State of Texas for the last several years. This was and is a critical step for the Company to be able to raise capital in the public market. According to FINRA, news of this action should be released in their daily list announcements on April 29, 2025; and the market effective date should be April 30, 2025. When CEO Burgauer took over the Company, he announced that it was his intention to get RITE back to an auditable state, become fully reporting and re-engage with the brokerage community. As part of his foundational cleanup, CEO Burgauer acknowledged that cleaning up this issue with FINRA, filing a Form 10 with the Securities and Exchange Commission ('SEC'), and obtaining a revocation of the decades-old Cease Trade Order ('CTO') with the Alberta Securities Commission were three critical steps the Company needs to achieve in order for the Company to re-engage with the investment community and improve RITE's access to capital markets. CEO Burgauer said, 'The revocation of the CTO occurred on March 20, 2025; RITE filed its responses to the SEC's comment letter last Friday, April 25, 2025. And today we got this incredible news from FINRA. RITE has had a fantastic last ten-days.' CEO Burgauer reiterated, 'Now all that remains is the lifting of the Eligible for Unsolicited Quotes Only flag on the stock - which is already in process. In fact, responses to FINRA's 15c2-11 application comments were filed last week as well. Completing this last item will allow RITE to fully concentrate on ringing the Company's cash register!' RITE is actively working on updating the Mine Operating Plan which is needed to finalize the updated lease with the Arizona State Land Department. That plan and the finalized lease will allow the Company to get the mining experts onto the property so they can update the historical reserve valuations (which were previously issued by NMC years ago) to ensure they meet the current requirements of the SEC and the Committee for Reserves International Reporting Standards ('CRIRSCO'). CEO Burgauer noted that the leases for the BLM properties in California have already been updated. This news from FINRA will make it far easier for RITE to raise the capital necessary to get one or more of the recently acquired mining properties into production. Burgauer reiterated, 'Next up, the Company intends to raise some capital and get our JV operators to work on these properties,' said Burgauer. 'It's exhilarating to be in the RITE place at the RITE time, especially considering that we are now operating in an industry under a government that understands that mining provides the resources to support so many critical aspects of our country's national security interests.' Safe Harbor Disclosure Forward-Looking Statements: Certain information set forth in this presentation contains 'forward-looking information', including 'future-oriented financial information' and 'financial outlook', under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. No Offer or Solicitation. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Investor Relations [email protected] To view the source version of this press release, please visit
Asahi Shimbun
23-04-2025
- Science
- Asahi Shimbun
Future of aerial CO2 capture tech on display at Osaka Expo
The direct air capture (DAC) system is tested to recover carbon dioxide in the atmosphere at the site of the Osaka Kansai Expo on Yumeshima island in Osaka's Konohana Ward on March 13. (Takahiro Takenouchi) Japan's largest test plant for direct air capture (DAC) technology, which combats global warming by extracting carbon dioxide from the atmosphere, is currently operational at the Osaka Kansai Expo. Expo visitors can make reservations to tour the facility. 'FOREST OF THE FUTURE' As preparations for the world's fair were under way on Yumeshima island in Osaka's Konohana Ward, three white cylindrical devices sat on the ground near the pavilions in the middle of March. Measuring 7 meters long and 1.2 meters in diameter, each device can absorb 100 kilograms of CO2 a day directly from the air. Together, this triple-cylinder system can absorb the total emissions of about 40 households. This is roughly equivalent to the amount of CO2 absorbed by a forest five times the size of Koshien baseball stadium in nearby Hyogo Prefecture. The facility is still in the research stage. However, if operated using carbon-free electricity being supplied to the expo grounds, the facility will reduce the amount of CO2 emissions in the atmosphere. 'Our exhibition showcases a functional experimental plant,' said Yoshiyuki Shimoda, director-general of the Research Institute of Innovative Technology for the Earth (RITE), during a ceremony in March to commemorate the system's completion. 'This is a forest of the future,' Shimoda said. RITE has been researching amine's potential to capture CO2 in environments such as space stations. Achieving high absorption performance while easily releasing CO2 at low temperatures is particularly challenging. HOW IT WORKS A fan inside the cylinder draws air into the DAC system through its snake-like mouth. The air then comes into contact with a mesh-like honeycomb structure coated with amine, a substance that reacts with CO2 and absorbs it. Once the CO2 is absorbed and trapped, the area around the mesh is sealed. The amine releases the captured CO2 when steam at around 60 degrees is pumped in. The CO2 is then pumped out and collected, so the amine mesh is ready to absorb again. The concentration of the CO2 extracted from the expo's DAC cylinders exceeds 95 percent. The retrieved CO2 is converted into fuel, unlike most DAC research projects worldwide, which are designed to simply bury the captured CO2 underground. CO2 collected at the expo will be sent from RITE's DAC factory to the adjacent facility of Osaka Gas Co. There, it will be turned into methane via synthetic reactions with hydrogen. The methane will then be used at the expo's formal reception hall to fuel gas stoves and other components. BREAKTHROUGHS ON DISPLAY A separate team from Kyushu University will exhibit its own DAC machine with a thin membrane at the Osaka Expo. The team's goal is to use its small device in recovering CO2 at a range of locations, including homes. 'We would like visitors to the expo site to view our futuristic system that enables anyone, anywhere, to gather and recycle CO2 into fuel for reuse,' said Shigenori Fujikawa, a chemistry professor at Kyushu University. The expo is also featuring a research unit from Nagoya University that has developed a method to reduce the energy consumption of DAC, by using the cooling effect of liquefied natural gas during vaporization. The research of Nagoya University is funded by the central government's Moonshot Research and Development Program. A major challenge facing DAC is improving efficiency. According to the National Institute for Environmental Studies, the atmospheric CO2 concentration in 2024 was 421 parts per million. This means that capturing one ton of CO2 requires filtering a Tokyo Dome's amount of air through DAC equipment, demanding advanced technology and vast amounts of energy. Another absorption technology, carbon dioxide capture and storage (CCS), is therefore leading the global green trend for now. CCS also uses amine, but collects CO2 from the exhaust of thermal power plants and other sources and stores it underground. The higher CO2 concentrations at these locations ensure higher efficiency. DAC, despite its disadvantages, has a role to play. For example, CCS at the site of combustion is unrealistic in a variety of cases, such as in aircraft, which are unlikely to become electrically powered anytime soon. But DAC devices can still remove CO2 from the air without immediate proximity to the source, even if their efficiency is lower. CONSIDERABLE COSTS According to Katsunori Yogo, a chief researcher at RITE, estimates suggest that 200 million tons of 'negative emissions' (using DAC or other methods) will be required annually for Japan to attain the government's target of carbon neutrality by 2050. A host of nations are committed to increasing DAC research. The United States extended dedicated research support under the Inflation Reduction Law of the previous Biden administration. Installed by Swiss company Climeworks in Iceland, the Mammoth plant for DAC began operations in May 2024, aiming for a yearly recovery capacity of up to 36,000 tons. However, the technology's high operational costs present a major obstacle. With the current technology, recovery costs are believed to be reduced to 90,000 yen ($625) per ton at the lowest. 'The current method costs 30 trillion yen to capture 200 million tons of CO2 from the atmosphere in Japan,' Yogo said. 'This highlights the significance of shrinking the overall emission scale while developing the technology to slash costs.' There is criticism that DAC, along with other negative emission techniques, could be used as an excuse to divert public attention away from efforts to reduce CO2 emissions. Additionally, DAC machines run on electricity. 'Power consumption is projected to continue increasing, given the demand for DAC and data centers,' Yogo said. 'What is important is to refine electricity-saving technologies in response.' Yogo commented on the future of DAC. 'Conversion to renewable energy sources of electricity should be done as much as possible, while difficult-to-electrify systems should operate with hydrogen and ammonia and the use of CCS should be expanded,' Yogo said. 'The costly DAC method should be employed for collecting CO2 that cannot be retrieved by other means. This technology will undoubtedly become essential in the future.' Yogo touted the exhibition space at the Osaka Expo, which opened April 13 and runs through Oct. 13. 'I would be delighted for visitors to witness both the current technological level and the future potential at the fair,' he said.
Associated Press
21-03-2025
- Business
- Associated Press
MINERALRITE CORPORATION (RITE) Obtains Revocation of the Decade-Old Cease Trade Order from the Alberta Securities Commission
Dallas, Texas--(Newsfile Corp. - March 21, 2025) - MINERALRITE TM Corporation (OTC Pink: RITE) (the 'Company' or 'RITE'), has succeeded in obtaining approval of its application with the Alberta Securities Commission ('ASC') to remove the decade-old Cease Trade Order which was placed against the Company back in 2013. More than a decade ago, the Alberta Securities Commission entered an order against RITE based on issues which centered around the fact that the Company had allegedly been managed from the province and had not filed certain financial disclosures with the province even though the Company had properly filed them with the Securities and Exchange Commission ('SEC'). During the month of September of 2024, CEO Burgauer filed an Application for Revocation of the Cease Trade Order ('CTO') with the Alberta Securities Commission. After months of submissions and negotiations, the ASC agreed to lift its CTO thereby allowing Albertans and Canadians to once again trade in RITE stock. RITE was, at one time in its history, headquartered in Calgary. As such, CEO Burgauer felt that the CTO disenfranchised part of the Company's shareholder base and felt that this injustice needed to be righted. To do so, he filed the application to have the CTO revoked. CEO Burgauer reiterated, 'Now that the CTO has been lifted by the ASC, the only two items that remain on my original tick list are the Case that I filed with FINRA to get them to acknowledge the F Reorganization merger-redomicile that occurred in April 2021, and the lifting of the Eligible for Unsolicited Quotes Only flag on the stock – both of which are in process. Completing both of these items will allow me to fully concentrate my efforts on ringing the Company's cash register!' Further information on the lifting of the CTO can be found on the Investor Relations page of RITE's website ( and on the Alberta Securities Commission's website as well. Safe Harbor Disclosure Forward-Looking Statements Certain information set forth in this presentation contains 'forward-looking information', including 'future-oriented financial information' and 'financial outlook', under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. No Offer or Solicitation. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Associated Press
05-03-2025
- Business
- Associated Press
MINERALRITE CORPORATION (RITE) Executes an Investment Banking Agreement Engaging the Services of Alpine Securities Corporation
Dallas, Texas--(Newsfile Corp. - March 5, 2025) - MINERALRITE TM Corporation (OTC Pink: RITE) (the 'Company' or 'RITE'), recently executed a non-exclusive investment banking agreement with Alpine Securities Corporation ('Alpine'). The non-exclusive nature of the agreement allows RITE the flexibility to still obtain services from other financial service firms on a when and as-needed basis even while the agreement remains in force. Alpine Securities Corporation is headquartered in Salt Lake City and focuses on underwriting, private placements, market making and proprietary trading. The investment banking engagement agreement covers multiple areas of joint interest between RITE and Alpine and sets the stage for RITE's reintroduction to the brokerage community. The agreement provides RITE access to numerous specialized services that Alpine offers OTC companies while simultaneously allowing RITE the flexibility to obtain services from other providers who also service the investment industry. In a press release back on August 20, 2024, CEO Burgauer announced that it was his intention to get RITE back to an auditable state, become fully reporting and re-engage with the brokerage community. It was his belief then, and still is, that re-engaging with the investment community will both improve RITE's access to capital markets as well as increase the stock's appeal to a vastly larger audience of potential investors. CEO Burgauer reaffirmed 'I promised that as soon as we were done dealing with various foundational issues, management would focus on completing the acquisitions in our pipeline. To this end, we announced the first acquisition already. We have already posted a significant amount of information about that acquisition on our website and included additional disclosures in RITE's recently filed Form 10-12g. While the mining experts are focused on updating the historical reserve valuations (which were previously issued by NMC years ago) to ensure they meet the current requirements of the Committee for Reserves International Reporting Standards ('CRIRSCO') and are fully compliant with the SEC rules for Property Disclosures for Mining Registrants, the rest of RITE's management team is now focused on our next target. It is comforting to have the services of an investment bank in our corner as we work through deal terms, and it's also reassuring to everyone that we are coming to the table with access to capital and the added flexibility that capital affords us as we work to craft the deal.' During the early years of his career, CEO Burgauer was involved in the founding of three broker-dealers, two investment advisors, a mutual fund, a transfer agent, a commodity introducing broker, an insurance agency, and multiple other companies. During those years he held multiple broker and principal licenses including Series 3, 4, 5, 7, 24, 27, 53, and 63. 'I believe that my industry knowledge, although dated because I've been out of that business now for almost 30 years, was helpful as RITE negotiated the agreement with Alpine because we were able to ask for a few services that industry outsiders might have overlooked' said Burgauer. 'We are very happy to have Alpine's team working with us and expect to be pushing forward with them on a few joint projects in the near future.' 'A journey of a thousand miles begins with a single step' said Burgauer, quoting the ancient Taoist philosopher Lao Tzu. 'Even though we are just a few steps into our journey at this point with plans to go quite a long distance, we feel very confident that the Company is on the RITE path.' Safe Harbor Disclosure Forward Looking Statements Certain information set forth in this presentation contains 'forward-looking information', including 'future-oriented financial information' and 'financial outlook', under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. No Offer or Solicitation. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Associated Press
19-02-2025
- Business
- Associated Press
MINERALRITE Corporation [Symbol: RITE] Announces Filing of FORM 10-12g through EDGAR
Dallas, Texas--(Newsfile Corp. - February 19, 2025) - MINERALRITE TM Corporation (OTC Pink: RITE) (the 'Company' or 'RITE') has filed FORM 10-12g with the SEC to begin the process of becoming fully reporting. Access to the filing is available through the EDGAR System, which is also known as the SEC's Electronic Data Gathering, Analysis and Retrieval System. RITE's Form 10-12g and other filings can all be located online at Information about all companies that report through the EDGAR System can be searched using the Company Search bar found on the EDGAR landing page located at Companies can be searched using their ticker symbol, which in the case of MineralRite Corporation is RITE, or through a company's unique CIK code, which in RITE's case is 1096296. For the convenience of RITE's shareholders, the Form 10-12g has also been posted on RITE's Investor Relations page which is located at should also pick up the link from EDGAR and post it under RITE's Filings and Disclosure section. 'The Form 10-12g filing culminates a little more than a full year of getting this Company cleaned up and moving in the RITE direction,' said James Burgauer, RITE's President and CEO. 'As I said when I first took over - first we need to get the Company foundationally clean and stable. Then we need to start acquiring a base of assets. After that, we need to raise a bit of money to start developing, upgrading, and certifying the true value of the assets that we acquired while simultaneously positioning RITE to undertake a more substantial capital raise. To facilitate that RITE will need to start working with the brokerage community to get them interested and behind the stock, which will, in turn, help us get the necessary funds raised to get those properties into production. It's been my belief all along that by having both PCAOB audited financials and filing a Form 10-12g, the Company will have gone a long way towards getting its stock more accepted and more actively traded by the brokerage community. Once these things are accomplished, RITE can work towards getting a sponsor for a 15c-211 and get the eligible for Unsolicited Quotes Only banner lifted. It's really a fairly simple and straightforward plan - and I believe that RITE's management team has been doing a most excellent job in executing it.' 'Of course, the SEC still needs to review and comment on the Form 10-12g filing, and that will happen in due time,' said Burgauer. 'We believe that we have done a very thorough job to present full, fair, and accurate disclosures about the Company. Of course, we await any forthcoming staff comments, suggestions and improvements.' A copy of the Form 10-12g, a joint letter to both RITE and NMC shareholders discussing the recent acquisition, and a host of other topical disclosures as well as shareholder Question and Answers can be found at Safe Harbor Disclosure Forward-Looking Statements Certain information set forth in this presentation contains 'forward-looking information', including 'future-oriented financial information' and 'financial outlook', under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. No Offer or Solicitation. This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No public offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
