MineralRite Corporation (RITE)

Overview

MineralRite Corporation, headquartered in Lindon, Utah, is primarily focused on the acquisition, exploration, and development of mining projects within the state. Originally known as Royal Quantum Group, Inc., the company underwent a rebranding in October 2012 to better reflect its core business and mission in the mining sector. Established in 1996, MineralRite has expanded its operations to include not only mining activities but also the manufacturing and distribution of specialized equipment for the recovery of various precious stones and metals through its subsidiary, Goldfield International, Inc. This strategic diversification allows the company to serve a wider range of needs within the mining and environmental clean-up industries.

Products and Services

Alluvial Gold and Gem Stone Recovery Equipment

Under the banner of its subsidiary, Goldfield International, Inc., MineralRite designs and markets machinery specifically created for the extraction of alluvial gold, diamonds, and other gemstones. This range includes innovative solutions tailored for the effective and efficient recovery of precious minerals from riverbeds and other alluvial environments.

Environmental Clean-Up Equipment

In addition to mining equipment, the company offers a variety of machines aimed at environmental remediation projects. This diverse lineup features barges, clarifiers, and lead recovery systems among others, which are utilized in cleaning water bodies and soil, thereby contributing to the efforts of preserving natural ecosystems from industrial impacts.

Mechanical Equipment for Mining and Environmental Projects

The product portfolio is complemented by an extensive range of mechanical hardware including dryers, conveyors, and hoppers. These items are integral to both mining operations and environmental clean-up tasks, facilitating the process of material handling, segregation, and preparation for further processing or disposal.