Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 73

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 73
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, 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
has 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 purchase 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 current focus.

Mentor Capital, Inc.

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 as follows:

    ○
    On
    March 20, 2025, Mentor Capital, Inc. purchased an average of 0.0332439% oil and gas royalty interests in seven (7) producing
    horizontal wells and a royalty interest of approximately 0.15625% in two (2) non-producing mineral wells located in the Permian
    Basin situated in Howard County, Texas from Bluestem Royalty Partners, LP, a Texas limited partnership, for a total acquisition cost
    of $60,980. Prior to the Company’s purchase, average daily production in the last six