MineralRite Corporation announced that it has hired ALS Geo Resources, LLC, led by geologist Allan L. Schappert, to serve as an independent Qualified Person (QP) for its Skull Valley mine‑tailings project in Arizona.
The QP will conduct a two‑phase technical evaluation. Phase One will review the company’s technical documentation, intellectual property, and conduct a site visit, culminating in a summary memorandum. Phase Two will deliver a comprehensive technical report in accordance with SEC Regulation S‑K 1300, incorporating field verification, sampling, and updated resource data. The work can begin immediately, but full completion depends on lease terms and site access, which the company says are nearing completion.
The Skull Valley project is part of a broader trend of reprocessing mine tailings in Arizona, where copper tailings are being explored as a source of critical elements such as lithium. The engagement of a QP is a critical regulatory step, ensuring that the project’s resource estimates meet the modern disclosure standards set by the SEC and aligning the company with international best practices such as CRIRSCO.
Management emphasized that the move “reinforces the Company’s commitment to transparent reporting, technical validation, and the disciplined advancement of its mineral asset portfolio.” The QP’s report will provide the independent validation needed to secure financing, finalize lease agreements, and obtain the environmental and reclamation bonds required for production.
By securing a qualified third‑party evaluator, MineralRite positions itself to meet regulatory requirements, demonstrate project viability to investors and lenders, and accelerate the transition from lease to production. The engagement also enhances the company’s credibility in the market, as it signals a rigorous, transparent approach to resource development.
ALS Geo Resources is a respected firm in the mining sector, and Allan L. Schappert is recognized as a Qualified Person under NI 43‑101, JORC, and SAMREC. His extensive experience in resource evaluation and modeling underpins the confidence MineralRite places in the QP’s assessment. The lease terms and site access are reported to be “nearing completion,” which should allow the QP’s work to progress without significant delays.
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