$RITE MineralRite Corporation Announces Execution of Arizona State Land Department Mineral Lease to Support Next Phase of Development Work
https://www.newsfilecorp.com/release/282010/M...pment-Work
Dallas, Texas--(Newsfile Corp. - January 29, 2026) - MineralRite Corporation (OTCID: RITE) ("MineralRite" or the "Company"
today announced that its wholly owned subsidiary, Peeples, Inc., has executed a Common Variety Mineral Materials Lease with the Arizona State Land Department covering approximately 377.11 acres of State trust land in Yavapai County, Arizona.
The lease was executed on January 26, 2026, and is a successor to a prior lease covering the same property. The stated term of the lease commenced on May 2, 2023, and expires on May 1, 2043. The lease is not renewable; any continuation beyond the expiration date requires discretionary approval of the Arizona State Land Commissioner or the issuance of a new lease.
This lease allows MineralRite to advance its planned activities on the leased lands subject to applicable rent, royalty, operational, environmental, reporting, and reclamation requirements.
"We have been working with the State of Arizona for nearly a year to align the necessary land rights and operational agreements, and the execution of this lease marks an important milestone in that process. With the lease now in place, the Company can move forward with its development plans. The first step is to have the Company's engaged Qualified Person access the property to complete Phase 1 of the scope of work contracted back in November. During that site work, he will gather the field observations and technical information necessary to define the scope, schedule, and cost estimate for Phase 2, which would consist of preparation of a full S-K 1300 technical report. We appreciate the constructive engagement of the Arizona State Land Department and look forward to advancing this project in a rigorous and timely manner."
Additional details regarding the lease are included in a Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission.
https://www.newsfilecorp.com/release/282010/M...pment-Work
Dallas, Texas--(Newsfile Corp. - January 29, 2026) - MineralRite Corporation (OTCID: RITE) ("MineralRite" or the "Company"
today announced that its wholly owned subsidiary, Peeples, Inc., has executed a Common Variety Mineral Materials Lease with the Arizona State Land Department covering approximately 377.11 acres of State trust land in Yavapai County, Arizona. The lease was executed on January 26, 2026, and is a successor to a prior lease covering the same property. The stated term of the lease commenced on May 2, 2023, and expires on May 1, 2043. The lease is not renewable; any continuation beyond the expiration date requires discretionary approval of the Arizona State Land Commissioner or the issuance of a new lease.
This lease allows MineralRite to advance its planned activities on the leased lands subject to applicable rent, royalty, operational, environmental, reporting, and reclamation requirements.
"We have been working with the State of Arizona for nearly a year to align the necessary land rights and operational agreements, and the execution of this lease marks an important milestone in that process. With the lease now in place, the Company can move forward with its development plans. The first step is to have the Company's engaged Qualified Person access the property to complete Phase 1 of the scope of work contracted back in November. During that site work, he will gather the field observations and technical information necessary to define the scope, schedule, and cost estimate for Phase 2, which would consist of preparation of a full S-K 1300 technical report. We appreciate the constructive engagement of the Arizona State Land Department and look forward to advancing this project in a rigorous and timely manner."
Additional details regarding the lease are included in a Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission.
