Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 59

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 59
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 energy markets of oil, gas, coal, uranium, and related businesses. In 2023,
the Company initially signaled a substantial return to its energy roots, starting with a tracking investment in five New York Stock
Exchange energy companies in the oil and gas, coal, and uranium 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 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. The Company also maintains a gold investment and short-term treasury
exchange-traded funds for the purpose of facilitating investments into the Company to support potential future energy acquisitions
and to collect low-risk interest to offset inflation, respectively.

Business
Approach

Mentor
endeavors to maintain a low overhead operation in order to deliver a higher rate of return on capital to its common and preferred stockholders.

The
Company’s primary investment 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.

When
involved in energy company acquisitions, Mentor seeks to take significant positions in these new companies and then seeks to provide
public market liquidity for founders, protection for investors, funding for the companies, and to incubate private companies that Mentor
believes 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.

The
Company continually works to identify potential acquisitions, investments, and divestitures. While evaluating whether an acquisition
or divestiture may be in the best interests of the Company and