$RITE .49 News out MineralRite Signs Letter of I
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[b]$RITE[/b] .49 News out MineralRite Signs Letter of Intent To Provide Processing Services And Equipment
FERNDALE, Wash., Jan. 7, 2013 /PRNewswire via COMTEX/ -- MineralRite Corporation (OTCQB: RITE) announced todaythat it has signed a Letter of Intent with a United States mining company to provide processing services and equipment to extract gold and other precious metals from the clients ore deposits.
This cooperation agreement will form the basis for MineralRite's business model going forward; providing ore processing services and equipment for a service fee and a percentage of precious metals extracted. MineralRite's proprietary technologies related to the mineral extraction allows the Company to recover more precious metals and rare earth oxides than the traditional process.
"Once finalized, this cooperation agreement will showcase our environmentally friendly and highly efficient precious metal extraction process. The planned processing line will allow MineralRite to provide extraction services as a total package and reduce costs for our mining partner," said Guy Peckham, President and CEO of MineralRite.
ABOUT MINERALRITE CORPORATIONMineralRite Corporation is engaged in the processing, certification and sales of precious metals including gold, silver, and the platinum group metals. Using various proprietary and ecologically friendly processes and technologies, the Company extracts precious metals from mining operations ore, reclaimed mine tailings and high value concentrate material.
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