FERNDALE, Wash., Jan. 7, 2013 /PRNewswire/ -- MineralRite Corporation (OTCQB: RITE) announced todaythat it has signed a Letter of Intent with a United States mining company to provide processing services and equipment to extract gold and other precious metals from the clients ore deposits.
This cooperation agreement will form the basis for MineralRite's business model going forward; providing ore processing services and equipment for a service fee and a percentage of precious metals extracted. MineralRite's proprietary technologies related to the mineral extraction allows the Company to recover more precious metals and rare earth oxides than the traditional process.
"Once finalized, this cooperation agreement will showcase our environmentally friendly and highly efficient precious metal extraction process. The planned processing line will allow MineralRite to provide extraction services as a total package and reduce costs for our mining partner," said Guy Peckham, President and CEO of MineralRite.
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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Ferndale, Washington 98248
SOURCE MineralRite Corporation