LINDON, Utah, June 10, 2013 /PRNewswire/ -- MineralRite
Corporation (OTCQB: "RITE") is pleased to provide an update on its
Copper processing project in Chiapas,
Mexico.
MineralRite has been informed by CSI, its managing partner in
Mexico, that all necessary
equipment has been received and put in place to process the ore
into a high-grade concentrate.
"We are extremely pleased with the progress CSI has made over
the last two months with sourcing all the equipment and getting it
in place to concentrate the Copper ore. We had a small delay due to
weather, but we are now in the processing stage of the plans. We
are expecting to sign our first sales agreement and ship in the
next few weeks," said Guy Peckham,
President and CEO of MineralRite. Peckham also added,
"Our first 100 ton shipment should be ready to sell the last week
of June. It is our intention to process and sell over 4000 tons of
high-grade concentrate over the next 12 months. This concentrate in
today's market will sell for approximately $2500-3000 per ton."
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