$RITE MineralRite Corporation (RITE) Resubmits Min
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Posted On: 11/03/2025 10:00:42 AM
$RITE MineralRite Corporation (RITE) Resubmits Mining Development Report to Arizona State Land Department
https://www.newsfilecorp.com/release/272838
Dallas, Texas--(Newsfile Corp. - November 3, 2025) - MineralRite Corporation (OTCID: RITE) ("RITE" or the "Company"
, a Texas-based resource development company focused on mineral recovery and strategic asset monetization, announced that it just recently resubmitted its adjusted Mining Development Report (MDR) to the Arizona State Land Department (ASLD). The updated report reflects revisions requested by the Department and marks another key step toward completing the updated lease process for the Company's Skull Valley mine-tailings project.
This resubmission represents the Company's latest effort to advance its mine-tailings recovery and precious-metals extraction program in a responsible and methodical manner.
The resubmission process took slightly longer than anticipated as the Company chose to restudy several components — including the Minimum Annual Guarantee (MAG) and the reclamation and reclamation-bond processes — to better manage these requirements and determine appropriate dollar amounts.
The MAG represents the minimum annual payment required under the lease to maintain the Company's rights to the property and ensure ongoing compliance with ASLD's lease terms.
The reclamation bond provides financial assurance that the site will be properly restored in accordance with environmental and operational standards upon completion of project activities.
These actions demonstrate MineralRite's continued commitment to responsible project development, regulatory compliance, and environmental stewardship as it moves toward the next stage of site activation and operational planning.
https://www.newsfilecorp.com/release/272838
Dallas, Texas--(Newsfile Corp. - November 3, 2025) - MineralRite Corporation (OTCID: RITE) ("RITE" or the "Company"
, a Texas-based resource development company focused on mineral recovery and strategic asset monetization, announced that it just recently resubmitted its adjusted Mining Development Report (MDR) to the Arizona State Land Department (ASLD). The updated report reflects revisions requested by the Department and marks another key step toward completing the updated lease process for the Company's Skull Valley mine-tailings project. This resubmission represents the Company's latest effort to advance its mine-tailings recovery and precious-metals extraction program in a responsible and methodical manner.
The resubmission process took slightly longer than anticipated as the Company chose to restudy several components — including the Minimum Annual Guarantee (MAG) and the reclamation and reclamation-bond processes — to better manage these requirements and determine appropriate dollar amounts.
The MAG represents the minimum annual payment required under the lease to maintain the Company's rights to the property and ensure ongoing compliance with ASLD's lease terms.
The reclamation bond provides financial assurance that the site will be properly restored in accordance with environmental and operational standards upon completion of project activities.
These actions demonstrate MineralRite's continued commitment to responsible project development, regulatory compliance, and environmental stewardship as it moves toward the next stage of site activation and operational planning.
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