Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 52

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 52
---
and contracted to provide financial assistance and investment in small businesses. On September 24, 2015, the Company redomiciled from
California to Delaware by merging the California Mentor Capital, Inc. corporation into a newly formed Delaware entity, Mentor Capital,
Inc. Following the merger, the Company is governed under the laws of the State of Delaware. In September 2020, Mentor relocated its corporate
office from San Diego, California, to Plano, Texas.

In the public arena, the Company maintains
diverse investment activities. These have included the acquisition of oil and gas partnerships, New York Stock Exchange gas trading
company mini-tender offers, ATM ownership, facilities operations investment, cancer immunotherapy investment, equipment financing,
intellectual property investment, litigation financing, investment in a dispute resolution company, and discounted funding of
annuity-like fund flows. Most recently, from its new Texas base, the Company signaled a substantial return to its energy roots,
starting with stock purchases in several energy companies in the oil and gas, coal, and uranium markets and purchases of fractional,
non-operating royalty interests in producing oil and gas properties operating in West Texas.

Acquisitions
and investments

Discontinued
Operation – Facilities Operations Segment

On
October 4, 2023, we sold and completely divested our majority controlling 51% interest in Waste Consolidators Inc. (“WCI”),
our facilities operations segment, that provides waste management and disposal services, including waste consolidation, bulk item pickup,
general property maintenance, and one-time clean-up services to business park owners, governmental centers, and apartment complexes in
Phoenix, Austin, San Antonio, Houston, and Dallas. Following the sale, the Company received no new income from WCI and had no further
involvement or continuing influence over its operations. WCI is now reported as a discontinued operation. WCI had been a long-standing
investment, but it no longer aligns with the Company’s central business focus in the energy sector. The $6,000,000 proceeds from
the sale of our WCI shares provided the Company with capital to seek out new business opportunities in the classic energy space of oil
and gas, coal, uranium, and related businesses which are Mentor Capital, Inc.’s focus.

-32-

Mentor
Capital, Inc.

The
Company’s target industry focus includes the classic energy sectors of oil, gas, coal, uranium, and related ventures. Additionally,
the Company has residual investments in legal dispute resolution services, collecting on