MineralRite restates acquisition accounting, reducing asset value by $186M

MineralRite Corporation amended periodic SEC filings to reclassify its December 2024 Peeples and California Precious Metals acquisitions from business combinations to asset acquisitions, reducing recorded asset values from $432M to $246M. The restatement reflects revised accounting treatment under ASC 805-50 and affects investor confidence in previously reported financials during ongoing SEC Form 10 review.