MineralRite Signs Copper Project - CEO Anticipates Revenue In 45 Days
LINDON, Utah, April 29, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: RITE) is pleased to announce that is has signed a definitive cooperation agreement with Mexico Mineral Export company, CSI Export and Import.
MineralRite will be supplying the mine sites the necessary equipment and processing knowledge needed in order for the copper ore to be processed into a higher percentage concentrate enabling the mine owners and MineralRite to enjoy bigger margins and profit levels.
"The equipment will start to be installed in the next two weeks and our first shipment should be ready within 45 days, it is our intention to process and sell over 4000 tons of high grade concentrate over the next 12 months. This concentrate in todays market will sell for approximately $2500-3000 per ton.
The cooperation agreement is part of the basis for MineralRite's business model of providing processing services, equipment and sales for a fee and percentage of the increased values.
CSI has been in Mexico and Chile for the past five years and specializes in the sourcing and export of diverse commodities, such as Copper and Iron Ore. They have numerous relationships with the mine owners in these countries and have shipped to various customers worldwide.
This agreement entails a two year supply agreement from one mine site and five year supply agreements from several additional sites.
ABOUT MINERALRITE CORPORATION
MineralRite Corporation is engaged in the processing, certification and sales metals including copper,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