{
  "id": 13751757,
  "title": "Mineralrite director sells $106.7m preferred shares",
  "url": "https://urgent.news/2026/10/11/mineralrite-director-sells-106-7m-preferred-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T16:01:25.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/mineralrite-director-sells-1067m-preferred-shares-93CH-4942758"
  },
  "original_language": "en",
  "account": null,
  "summary": "MINERALRITE Corp (NASDAQ:RITE) Director Lloyd Bernard Hendricks III sold 3,919,388 Series NMC Preferred shares on September 30, 2026, valued at $27.23 each. The transaction was a repurchase by the company for a non-interest-bearing promissory note, which was then applied to warrant exercise prices and royalty repurchase prices, and subsequently cancelled. No cash changed hands. Despite RITE shares declining 94% over the past year and 87% year-to-date, InvestingPro analysis suggests the stock is undervalued at current levels. Hendricks III also acquired additional preferred shares through warrant exercise, including 6,900,000 Series NMC Preferred shares and 47,600 Series D Preferred shares. The transactions resulted in Mr. Hendricks III indirectly owning 2,980,612 Series NMC Preferred shares and 47,600 Series D Preferred shares through various LLCs controlled by him.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}