Climate Change Data

MineralRite Corporation

Climate Impact & Sustainability Data (2023-12 to 2024-12)

Reporting Period: 2023-12 to 2024-12

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Expanded Board of Directors from one to five members (planned).

Climate Goals & Targets

Long-term Goals:
  • Become a globally diversified natural resources company.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Complete all requisite activities for a Regulation A+ offering and begin the offering.
  • Develop a pilot processing facility for sequestered mineral tailings.
  • Engage in a drilling program to upgrade the book valuation of mineral property leases.

Environmental Challenges

  • Limited capital to fund ongoing operations and insufficient revenue to sustain itself.
  • Lack of employees; reliance on independent contractor consultants.
  • Need to raise capital to support operations and execute business plan.
  • Limited operating history and new business plan under new management.
  • Material weaknesses in internal control over financial reporting.
  • High costs to meet reporting requirements of a public company.
  • Low stock price and potential for volatility, low trading volume, and limited liquidity.
  • Outstanding convertible notes that could cause dilution and selling pressure.
  • Operating in a politically out-of-favor industry subject to adverse publicity and environmental liabilities.
  • Inadequate insurance coverage to protect against potential losses.
Mitigation Strategies
  • Corporate cleanup to stabilize the company's foundation.
  • Development of a new business plan.
  • Derecognition of time-barred obligations and renegotiation of other obligations.
  • Acquisition of intellectual property, inventory, and equipment from former subsidiary.
  • Acquisition of two subsidiaries with mineral assets valued at $432 million.
  • Planned capital raise of $1,500,000 to support operations and prepare for a Regulation A+ offering.
  • Implementation of internal controls and procedures.
  • Engagement of legal, accounting, and other professionals.
  • Pursuit of additional funding and partners.
  • Active pursuit of mining and mineral acquisitions.
  • Securing various types of insurance and performance bonds (planned).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Taxology, Inc.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Re-designed mining equipment (planned).

Awards & Recognition

  • Not disclosed