MineralRite Caps Series NMC Sinking-Fund Obligation at ~$269M

MineralRite repurchased approximately 3.9 million Series NMC Preferred shares, which will result in approximately 9.9 million outstanding shares after warrant exercises. This action avoids the potential issuance of approximately 2.0 billion common shares if converted. The Series NMC sinking-fund obligation has been contractually capped at approximately $269 million.