LINDON, Utah, June 6, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: RITE) is pleased to announce it has begun constructing its laboratory in its existing facility at 55 Geneva Road, Lindon, Utah.
In March 2013, MineralRite moved into its new facility and has made many renovations and improvements to its manufacturing space.
"Now that MineralRite is in revenue, one of the next phases of our business plan includes offering services such as assay testing and certifying results. The lab will be used to help our customers design and plan their extraction of their ores," stated Guy Peckham, President of MineralRite.
Peckham added, "We will be able to use our Goldfield equipment in our facility to mechanically separate the precious metals. Our plans include the addition of XRF spectrometer testing along with high temperature oven to smelt the product. There is a strong need in the market for such facilities and MineralRite intends to meet some of the demands."
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.
SOURCE MineralRite Corporation