secwatch.observer — SEC 8-K summary
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Issuer:     MINERALRITE Corp (RITE)
CIK:        0001096296
Form:       8-K
Filed at:   2026-11-06T17:22:45+00:00
Accession:  0001539497-26-002867
Event type: regulatory
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MineralRite says FINRA processed Form 211, letting sponsor begin priced OTC quotations in RITE
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- Sponsor was notified by FINRA on Nov. 5, 2026 that its Form 211 under SEC Rule 15c2-11 was processed, permitting priced quotations for RITE common stock.
- OTC Markets removed the "Unsolicited Quotes Only" warning from RITE's profile on Nov. 6, 2026; the Quote Eligibility designation lifts the trading day after the first priced quote.
- FINRA processing covers only Rule 6432/15c2-11 compliance and is not approval of the company or its securities; no assurance an active, liquid market develops.
- September 2026: repurchased ~3.9M Series NMC Preferred from a related party, cutting potential dilution by ~2B common-equivalent shares; sinking fund capped at ~$269M.
- Skull Valley Phase 2 drilling and sampling to start mid-November 2026 under an S-K 1300 Qualified Person, with drilling expected complete in early December.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096296/000153949726002867/0001539497-26-002867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096296/000153949726002867/n4863_x31-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-26-002867

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer