MineralRite Q2 FY26 net loss widens to $206,878; reports no revenue
RITE•Lease renewed as company pursues financing
The company renewed its Skull Valley, Arizona lease, with its Qualified Person recommending a move to Phase 2 evaluation as financing permits.
Management flagged a going-concern risk without additional financing, while pursuing funding options and continuing FINRA Rule 15c2-11 review steps post-Form 10 effectiveness.
Q2 and year-to-date losses widen with no revenue
MineralRite posted a net loss of $206,878 for Q2 2026, widening from a net loss of $150,136 in the prior-year year-to-date period.
No revenue was generated in Q2 or year-to-date 2026; year-to-date net loss widened to $353,773, due to higher project development and professional costs.
Cash position remains limited and liabilities total about $5.1 million
Cash and cash equivalents totaled $9,580 at June 30, 2026, compared with $11,617 at Dec. 31, 2025; total liabilities were about $5.1 million.
