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An announcement from MineralRite ( (RITE) ) is now available.
On January 26, 2026, MineralRite’s wholly owned subsidiary Peeples, Inc. executed a Common Variety Mineral Materials Lease with the Arizona State Land Department for approximately 377 acres of Arizona State trust land in Yavapai County, Arizona, a successor to a prior lease on the same property. Although signed in 2026, the lease term runs from May 2, 2023, to May 1, 2043, is non-renewable, and any continuation would require either a discretionary extension from the Arizona State Land Commissioner or a new lease, while subjecting the company to rent, royalty, operational, environmental, reporting, bonding, and reclamation obligations typical of state trust land mineral leases. MineralRite said the lease execution marks a key milestone that enables it to proceed with its development plans at the site, beginning with Phase 1 fieldwork by a Qualified Person to gather technical data needed to define the scope, schedule, and cost of a subsequent Phase 2 S-K 1300 technical report, positioning the company to advance its early-stage Skull Valley project within a formal regulatory and operational framework.
More about MineralRite
MineralRite Corporation is a resource development company focused on the evaluation and potential future recovery and monetization of mineral assets and related operations. The company remains in the early stages of development, has not yet established any mineral resources or reserves under SEC Regulation S-K Subpart 1300, and currently has no revenue-generating operations.
Average Trading Volume: 13,672,169
Current Market Cap: $30.97M
See more data about RITE stock on TipRanks’ Stock Analysis page.