Mentor Capital Inc (OTC: MNTR) is a holding company that acquires and invests in energy and related businesses, with a current focus on oil and gas, coal, and uranium. The company generates returns through fractional, non-operating royalty interests in producing oil and gas properties in West Texas, as well as through gold holdings and short-term treasury exchange-traded funds used as transitional investment vehicles. MNTR operates from a Texas base following its October 2023 divestiture of its 51% interest in Waste Consolidators Inc. for $6,000,000 plus $60,000 in interest, proceeds that funded the shift toward classic energy investments. As of December 31, 2025, the company had two full-time employees and was led by CEO Chet Billingsley, on whom the business is materially dependent. The company also holds a minority interest in NeuCourt Inc., a dispute resolution technology company, through a Simple Agreement for Future Equity entered in July 2022. MNTR has not declared or paid cash dividends as of the fiscal year ended December 31, 2025.

Revenue model

Revenue is generated through royalty income from fractional, non-operating interests in producing oil and gas properties in West Texas, interest income from gold holdings and treasury ETFs, and historically from promissory note interest such as the $1,000,000 note at 6% per annum from Ally Waste Services paid in full on October 4, 2024.

Products and services

Non-operating royalty interests in West Texas oil and gas properties; gold holdings as a transitional investment placeholder; short-term treasury exchange-traded funds; minority stake in NeuCourt Inc. (dispute resolution technology, Delaware corporation); formerly Mentor IP LLC (intellectual property and patent rights, divested October 2023) and Waste Consolidators Inc. (facilities operations, divested October 2023).

Customers and end markets

End markets include oil and gas, coal, and uranium energy sectors. The company does not disclose individual customers in the filing excerpts provided.

Value-chain role

Passive investor and royalty interest holder in energy properties; holding company for minority stakes in early-stage technology and dispute resolution businesses.

Geographic exposure

West Texas (oil and gas royalty interests); Texas (corporate base as of the fiscal year ended December 31, 2025).

Source: SEC 10-K, filed 2026-04-15

Industry: Investors, NEC