SCHEDULE 13D: MineralRite CEO James Burgauer Discloses 75.9% Stake in Series C Preferred Shares

MineralRite Corp's President, CEO, and CFO, James Burgauer, has disclosed a significant beneficial ownership of 75.9% in the company's Series C Preferred shares, acquired for investment and strategic alignment.

Summary

• James Burgauer, President, CEO, and CFO of MineralRite Corp, has reported beneficial ownership of 6,515 shares of the company's Series C Preferred stock.
• This ownership represents 75.9% of the Series C Preferred class.
• The shares were acquired for investment purposes and to align with the company's strategic direction.
• Funding for the acquisition included personal funds, a $100,000 promissory note due December 31, 2026, $139,800 in cash for 1,015 shares, and a portion of $11,960 for 500 shares from another multiple security purchase.
• 5,000 shares were purchased on March 10, 2025, and options previously acquired on October 25, 2023, were exercised.

Sentiment

Score: 7

Explanation: The filing indicates strong insider confidence and alignment through a significant personal investment by the CEO, which is generally positive. The use of a promissory note for a portion of the purchase is noted but does not detract significantly from the overall positive sentiment of insider commitment.

Positives

• The CEO's significant investment demonstrates strong alignment of interests between management and shareholders.
• The acquisition of a substantial stake by the CEO indicates confidence in the company's strategic direction and future prospects.

Future Outlook

The filing indicates that the shares were acquired for investment purposes and to further align with the strategic direction of MineralRite Corp, implying a positive outlook from the CEO regarding the company's future.

Management Comments

• The shares were acquired for investment purposes and to further align with the strategic direction of the Company.
• As President, CEO, and CFO of the Issuer, I currently influence management, operations, and corporate policy.

Industry Context

This filing is a standard disclosure of significant insider ownership, common across industries. It reflects an individual executive's investment decision rather than a broad industry trend or competitive action.

Comparison to Industry Standards

• This filing is a regulatory disclosure of insider ownership and does not contain financial or operational results that can be directly compared to industry benchmarks or specific comparable companies/projects.
• The percentage of ownership (75.9%) is very high for a single individual in a publicly traded class of securities, indicating significant control over that specific class.

Related Party Transactions

• The acquisition of Series C Preferred shares by James Burgauer, who serves as President, CEO, and CFO of MineralRite Corp, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Increased confidence due to strong insider ownership and alignment of interests with management.
• Management/Employees: Reinforces the CEO's commitment to the company's strategic direction.

Next Steps

• Payments on the $100,000 promissory note are to be made periodically until its due date of December 31, 2026.

Key Dates

Recommendation

Keywords

MineralRite Corp, Series C Preferred, James Burgauer, Schedule 13D, Beneficial Ownership, CEO Investment, Corporate Governance, SEC Filing, Preferred Stock, Insider Ownership