Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 78

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 78
---
 note in initial
principal face amount of $1,000,000 from Ally Waste Services, LLC (“Ally”) at 6% per annum. The $1,000,000 initial principal
face amount of the note plus accrued interest of $60,000 was paid by Ally on October 4, 2024.

Overview

The
Company maintains a diverse and opportunistic acquisition focus. It sold its former legacy investment in the former facilities
operations segment and continues looking to expand into the classic energy markets of oil, gas, coal, uranium, and related
businesses. The Company signaled a substantial return to its energy roots, starting with a tracking investment in six New York Stock
Exchange energy companies in the oil and gas, coal, uranium, and pipeline markets. In March 2025, the Company acquired three
fractional, non-operating royalty interests in oil and gas properties covering approximately one-hundred twenty-one (121) wells in
the Spraberry Field of the Permian Basin in West Texas, through related public auctions for  total consideration of $1,369,899. The
royalty interests entitle the Company to receive a proportional share of revenues generated from the production of hydrocarbons from
the underlying property, without incurring any operating or production costs.

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Business Approach

The Company’s primary aim is to acquire revenue-generating
energy assets, such as oil and gas royalties, oil service businesses or other private energy operating companies as viable opportunities
for such acquisition(s) become available. Our general headquarters functions are aimed at providing accounting, legal, and general business
support for our larger investment targets and our majority-owned subsidiaries. We monitor our smaller and less than majority positions
for value and investment security. Management also spends considerable effort reviewing possible acquisition candidates on an ongoing
basis.

Mentor seeks to take significant positions in target
companies to provide public market liquidity for founders, protection for investors, funding for the companies, and incubate private companies
that Mentor believes to have significant potential. When Mentor takes a major position in its investees, it provides financial management
when needed but leaves operating control in the hands of the company founders. Retaining control, receiving greater liquidity, and working
with an experienced organization to efficiently develop disclosures and compliance that are similar to what is required of public companies
are three potential key advantages to company founders working with Mentor Capital, Inc.

The Company continually works to identify potential
acquisitions, investments, and divestitures. While evaluating