SOURCE: MineralRite Corporation

October 23, 2013 08:45 ET

MineralRite Capitalizes on Its Expertise for Innovation and Development for Its Clients

LINDON, UT--(Marketwired - Oct 23, 2013) - MineralRite Corporation (OTCQB: RITE) is pleased to announce its Goldfield equipment fabrication facility which has a historic reputation for innovation and mining product development for its clients, has taken on collaboration with a developer of a new low maintenance portable grinder. In its present stage of development, it lends an unprecedented advantage for processing ore and separating metals by lowering both cost and time factors considerably.

However with a successful collaboration, it has the potential to be developed to the stage where it can create a niche market in mining, processing, and metals extraction between one and fifteen tons per hour acting as both grinder and micronizer by grinding fist-sized ore to powder. If successful, it could replace the high capital cost and maintenance expense of two-story ball-mill grinders and micronizers for tens of thousands of small to mid-sized mining operations especially in developing countries.

Guy Peckham,CEO said, "This product has the potential to become a crown jewel in Goldfields' offerings of environmentally friendly solutions representing a considerable profit potential."

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.

Contact Information

  • CONTACT:
    MineralRite Corporation
    55 South Geneva Road
    Lindon, Utah
    Ph. 801-796-8944