LINDON, Utah, June 5, 2013 /PRNewswire/ -- MineralRite
Corporation (OTCQB: "RITE") is pleased to announce it continues to
generate revenue from equipment manufacturing and sales from its
wholly owned subsidiary, Goldfield International, Inc.
("Goldfield").
In March 2013, MineralRite
completed the acquisition and took over operations of Goldfield
International Inc., (www.goldfieldint.com), a premier supplier of
alluvial gold, diamond and other gem stone recovery equipment
manufactured in the United
States.
Goldfield completed ten units since the acquisition and shipped
them to various places around the world. Each unit shipped averaged
approximately $10,000 USD per unit in
revenue. "We find ourselves at the forefront of educating and
empowering miners, artisans, and enthusiasts. Not only are we
building a global business based on sound fundamentals, we are
helping create jobs and stabilize local communities by providing
them the tools necessary to develop their own natural resources,"
said Kent Harmon, President of
Goldfield.
"We are extremely pleased with the progress Goldfield has made
in just these few short months since becoming a part of
MineralRite. Not only are they 'literally' building wealth
from the ground up, they are doing it responsibly. Goldfield
uses a non-toxic environmentally friendly processes, not only our
own, but in several other countries around the world, including
Africa and South America," said Guy Peckham, President of MineralRite.
In addition, Goldfield is in the final stages of completing a
300 ton per hour mineral washing system that will be shipped within
the continental united states and put into operation for the
recovery of gold.
ABOUT GOLDFIELD- Goldfield brand of mechanical separation
equipment has been in production since 1978 and has been shipped to
customers in 32 countries. Goldfield headquarters and manufacturing
facility entails over 40,000 sq. feet of space at 55 South Geneva
Road in Lindon, Utah.
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.
CONTACT
MineralRite Corporation
55 South Geneva Road
Lindon,Utah
Ph.801-796-8944
Email: info@mineralrite.com
Website: www.mineralrite.com www.goldfieldint.com
SOURCE MineralRite Corporation