Jul. 15 at 9:29 PM
$RITE
Reminder: 800M Shares in the Process of Being Reclaimed.
Per MineralRite’s latest shareholder update, management confirmed that an ongoing legal strategy is in place to reclaim 800 million common shares, which, once executed, would represent a significant reduction in the public float.
“The company has reclaimed approximately 10 million shares to date and disclosed that it has an on-going project to reclaim another 800 million shares.”– MineralRite Q2 2025 Shareholder Letter
This initiative aligns with RITE’s broader efforts to restructure its share base, eliminate legacy dilution, and strengthen long-term shareholder value. Stay tuned for confirmation of execution.
Effective float instantly shrinks. That’s nearly 20% of the current float gone.