SCHEDULE 13D: MineralRite Corp CEO James Burgauer Acquires 100% of Series B Preferred Shares

MineralRite Corp's President, CEO, and CFO, James Burgauer, has acquired 100% beneficial ownership of the company's Series B Preferred shares, signaling increased alignment with the company's strategic direction.

Summary

• James Burgauer, who serves as President, CEO, and CFO of MineralRite Corp, has acquired beneficial ownership of 13,500 Series B Preferred shares.
• This acquisition represents 100.0% of the outstanding Series B Preferred class.
• The shares were obtained through the exercise of options that Mr. Burgauer had previously acquired on October 25, 2023, with the exercise occurring on March 10, 2025.
• The purchase was financed using personal funds and a $100,000 promissory note, which is due on December 31, 2026, with periodic payments.
• The stated purpose of the transaction is for investment and to further align Mr. Burgauer with the strategic direction of MineralRite Corp, leveraging his existing influence over management, operations, and corporate policy.

Sentiment

Score: 7

Explanation: The acquisition of 100% of a class of shares by the CEO/President/CFO, funded partly by personal funds, indicates strong insider confidence and alignment, which is generally viewed positively by investors.

Positives

• Increased insider ownership, specifically 100% of the Series B Preferred shares, by the President, CEO, and CFO, James Burgauer, demonstrates strong confidence in MineralRite Corp's future prospects.
• The acquisition enhances the alignment of management's personal financial interests directly with the strategic objectives and performance of the company.

Future Outlook

James Burgauer acquired the shares for investment purposes and to further align with the strategic direction of MineralRite Corp, leveraging his existing influence as President, CEO, and CFO over management, operations, and corporate policy.

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 primarily details an internal ownership change and corporate governance within MineralRite Corp. While increased insider buying can be a positive signal, this specific Schedule 13D does not provide broader industry trends or competitive analysis. It indicates a strong commitment from the company's top executive.

Corporate Governance

Related Party Transactions

• The acquisition of securities by James Burgauer, who serves as President, CEO, and CFO of MineralRite Corp, constitutes a related party transaction. The transaction involved the exercise of previously acquired options and payment via personal funds and a promissory note.

Stakeholder Impact

• Shareholders: The increased insider ownership by a key executive may be viewed positively, signaling confidence and alignment of interests.
• Employees: No direct impact mentioned, but strong leadership commitment could indirectly benefit morale.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

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

Key Dates

Keywords

MineralRite Corp, Series B Preferred, James Burgauer, Schedule 13D, beneficial ownership, insider buying, corporate governance, CEO, CFO, President