LINDON, Utah, June 10, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: "RITE") is pleased to provide an update on its Copper processing project in Chiapas, Mexico.
MineralRite has been informed by CSI, its managing partner in Mexico, that all necessary equipment has been received and put in place to process the ore into a high-grade concentrate.
"We are extremely pleased with the progress CSI has made over the last two months with sourcing all the equipment and getting it in place to concentrate the Copper ore. We had a small delay due to weather, but we are now in the processing stage of the plans. We are expecting to sign our first sales agreement and ship in the next few weeks," said Guy Peckham, President and CEO of MineralRite. Peckham also added, "Our first 100 ton shipment should be ready to sell the last week of June. It is our intention to process and sell over 4000 tons of high-grade concentrate over the next 12 months. This concentrate in today's market will sell for approximately $2500-3000 per ton."
ABOUT MINERALRITE CORPORATION
MineralRite 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.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: MineralRite Corporation encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by MineralRite Corporation that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
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SOURCE MineralRite Corporation