$RITE MINERALRITE CORPORATION (RITE) Executes an Investment Banking Agreement Engaging the Services of Alpine Securities Corporation
https://www.newsfilecorp.com/release/243424
Dallas, Texas--(Newsfile Corp. - March 5, 2025) - MINERALRITETM 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."
https://www.newsfilecorp.com/release/243424
Dallas, Texas--(Newsfile Corp. - March 5, 2025) - MINERALRITETM 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."
