MineralRite Corporation announced that it has signed a letter of intent with a United States mining company to provide processing services and equipment to extract gold and other precious metals from the clients ore deposits. This cooperation agreement will form the basis for MineralRite's business model going forward; providing ore processing services and equipment for a service fee and a percentage of precious metals extracted. MineralRite's proprietary technologies related to the mineral extraction allows the company to recover more precious metals and rare earth oxides than the traditional process.