OTC: RITE

Reporting Status and Regulatory Milestones

During 2025, the Company completed and
filed a registration statement on Form 10 in order to become a fully reporting company under the Securities Exchange Act of 1934.
The Company has been working with the staff of the Securities and Exchange Commission to address comments and finalize the registration
process.

During the year, the Company also achieved
“penny stock exempt” status under applicable rules. In addition, the Company completed certain legacy regulatory and
corporate-structure matters, including the resolution of a FINRA proceeding relating to the Company’s prior reorganization
and the lifting of a cease-trade order in Alberta, Canada.

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December 31, 2024, Strategic Acquisition

On December 31, 2024, the Company completed
the acquisition of 100% of the equity interests of California Precious Metals LLC and Peeples, Inc., two wholly owned subsidiaries
of NMC, Inc. This transaction represented a significant step in repositioning the Company toward mineral-asset development and
recovery operations.

The acquisition included two mineral leases
held by California Precious Metals LLC, as well as previously processed mine tailings and a mineral lease held by Peeples, Inc.
The acquired set related to Peeples also included a written mine development plan, technical documentation, recovery methodologies,
and industry relationships relevant to the advancement of the project.

Total consideration for the transaction
consisted of 6.9 million shares of Series NMC $25 Convertible Preferred Stock and 6.9 million warrants to acquire additional shares.
The aggregate transaction value was approximately $432 million, and the Company assumed approximately $5 million in liabilities.
The acquisition of Peeples, Inc. was accounted for as a business combination under ASC 805, while the California Precious Metals
LLC component was treated as an asset acquisition.

Post-Acquisition Development Activities

Following the acquisition, the Company
undertook a series of steps to advance the acquired assets toward operational readiness. These efforts included the processing
and renewal of the applicable state mineral lease, coordination of reclamation and insurance requirements, technical site reviews,
and planning activities. The Company engaged consultants and technical specialists and completed the preparation of updated mine-development
documentation. Certain of these activities were completed or finalized in January 2026 as subsequent events.

Core Business Focus

The Company’s primary operational
focus is the advancement of the Skull Valley tailings project toward production. Management intends to bring the tailings materials
into production through the engagement of third-party contractors to handle the physical movement and processing of materials,
while the Company focuses on project management, technical oversight, and monetization.

In connection with this effort, the Company
has engaged a Qualified Person (“QP”) to conduct a multi-phase technical evaluation and to prepare a Regulation S-K
1300 technical report covering the tailings and related mineral assets. The Company also expects to evaluate its other mineral
properties under the S-K 1300 framework to determine their economic potential and appropriate development or monetization strategies.

Other Mineral Properties

In addition to the Skull Valley tailings,
the Company holds other mineral properties, including additional acreage in the Skull Valley area and other mineral leases acquired
in the NMC transaction. These properties are in the evaluation stage and are expected to be reviewed under Regulation S-K 1300
to determine their technical and economic viability.

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Management intends to pursue monetization
opportunities for these properties based on the results of technical evaluations and prevailing market conditions.

Equipment and Precious-Metal Transactions

The Company has acquired certain intellectual
property, inventory, and related rights associated with a mining-equipment product line. At present, management does not consider
equipment manufacturing or sales to be a primary operating focus. These assets are intended primarily as a strategic tool for identifying
and engaging with traditional mining and mineral-processing opportunities and supporting project-development activities.

The Company has also established accounts
with precious-metal refineries and has completed certain regulatory registrations required to engage in precious-metal transactions.
As of the end of 2025, the Company had not yet commenced material transaction activity in this segment.

Organizational Structure

The Company conducts its operations through
wholly owned subsidiaries, each of which is intended to hold specific mineral assets or project interests. This structure is designed
to isolate project-level risks, facilitate financing arrangements, and allow for separate development or monetization strategies
for individual properties.

Regulatory Environment

The Company operates in industries subject
to federal, state, and local mining regulations, environmental and reclamation requirements, precious-metal dealer and refinery
compliance rules, and securities laws governing public companies. The Company’s projects are also subject to technical reporting
requirements under Regulation S-K 1300.

Competition

The Company competes with mining companies,
mineral-processing operators, and resource-development firms. Competitive factors include access to mineral resources, capital
availability, technical expertise, regulatory compliance, and the ability to advance projects to production. Because the Company
is in a development stage, its competitive position depends largely on the successful advancement of its mineral assets and access
to financing.

Personnel

The Company currently has no direct employees.
Its operations are directed by its executive management and supported by consultants engaged through their respective consulting
companies. Two principal consultants spend a significant portion of their time on Company business, including the Company’s
President and Chief Executive Officer, and support the Company in technical, operational, and strategic matters. The Company expects
its personnel structure to evolve as operating activities increase.

Principal Executive Offices

The Company’s principal executive offices are located
at:

MineralRite Corporation

325 N. St. Paul Street, Suite 3100

Dallas, Texas 75201

(469) 881-8900

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