SOURCE: MineralRite Corporation
LINDON, UT--(Marketwired - Nov 1, 2013) - MineralRite Corporation (OTCQB: RITE) a North American mineral processor focused on serving the growing and demanding needs of the vast mining industry, today is pleased to update on recent trip to Ghana, Africa.
Kent Harmon, President of Goldfield International, a wholly owned entity of MineralRite and Don Ross, MineralRite's mining expert, returned this month from a successful trip to Ghana, West Africa.
Ghana is the third largest producer of Gold in Africa and has a very mining friendly bureaucracy. English is the official language.
The trip was filled with many meetings with large mining companies along with government officials and the team returned successfully with orders for equipment and many request for quotes on large orders and processing services.
The sheer scale of small mining activity in Ghana and surrounding countries was staggering and there is an enormous need for technical upgrading of equipment and techniques. We want to support the indigenous mining effort as much as possible.
"We are assessing the possibilities of creating a service and light manufacturing facility in Ghana, to support the volume of our equipment placements into Africa," Kent Harmon said.
This trip was consistent with MineralRite's business model of capitalizing on the recent economic trend of rising mineral prices by processing services, equipment and sales for a fee or percentage.
ABOUT MINERALRITE CORPORATION
MineralRite Corporation is engaged in the processing, certification and sales of 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.