Business
Royalty Management and LVC Global Partner To Develop Novel Technologies to Refine Gold, Silver, and Platinum Metal Group
Royalty Management and LVC Global form partnership with ReElement Technologies to develop new IP to refine high-value metals through lower cost methods
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Royalty Management and LVC Global form partnership with ReElement Technologies to develop new IP to refine high-value metals through lower cost methods FISHERS, IN / ACCESSWIRE / September 23, 2024 / Royalty Management Holding Corporation (NASDAQ:RMCO) (\"Royalty Management\" or the \"Company\"), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that it has established a multi-party relationship that includes LVC Global Holdings, LLC (\"LVC Global\") and ReElement Technologies Corporation (www.reelementtech.com). The aim of the relationship is to develop intellectual property specifically for sourcing and the refining of mined feedstock and ores containing gold, silver, and platinum group metals (or PGMs) that is expected to be more environmentally sensitive and lower cost than traditional methods. In return and as consideration of funding the development, the Company will earn a royalty stream from all refined products sold utilizing the developed intellectual property and patents.ReElement Technologies Corporation has previously pioneered development of the refining of other critical minerals and metals through low-cost methods that involve innovative technologies that are changing the way industries are approaching metal and elemental refining. Royalty Management has agreed to provide funding for new technology development outside their current intellectual property to refine Platinum Group Metals (PGM), gold, and silver in what is expected to be a substantially lower cost and more environmentally sensitive method than the traditional methods for processing and refining these ores.Furthermore, the Company has entered into a strategic cooperation agreement with LVC Global, an energy, natural resources, and infrastructure asset acquisition and advisory firm, to assist Royalty Management in sourcing mining operations and reserves containing elements in PGM, gold, and silver, while creating new market opportunities in this space. LVC Global has decades of experience in sourcing and conducting due diligence of mining assets that will complement Royalty Management's deployment and scaling of the intellectual property being developed under this program.Thomas Sauve, Chief Executive Officer o...