Business
Royalty Management Holding Corporation Completes Strategic Acquisition of Diversified Resource-Based for Long Term Royalty Stream
Investment into mining project, within the country of Jamaica, has an initial primary focus to develop the production of high value and high concentrate
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Investment into mining project, within the country of Jamaica, has an initial primary focus to develop the production of high value and high concentrate Titanium Dioxide, Vanadium Ore and Iron OreFISHERS, IN / ACCESSWIRE / February 6, 2024 / Royalty Management Holding Co. (NASDAQ:RMCO) (\"Royalty Management\" \"RMCO\", or the \"Company\") an innovative royalty company building shareholder value by acquiring and developing high value assets in sustainable market environments, announce today that it has acquired a perpetual royalty stream linked to a deposit of high value, diversified natural resources, based in the country of Jamaica, with an initial focus on the permitting, production, and sale of Titanium Dioxide, Iron Ore and Vanadium.The Jamaican-based resource deposit is part of a Special Exclusive Prospecting License (or \"SEPL\") that covers an area of approximately 25 permitted square kilometers. The Company is working with the current SEPL permit holder to begin the permitting for resource extraction and sale, which will translate into revenue to RMCO through its royalty structure. Furthermore, RMCO will immediately begin further ore testing to identify the potential presence of other high value elements such as niobium, rare earth elements and or other battery elements. Surface Sample Collection Black Volcanic Sands within the SEPL\"We are excited to enter into this investment to further develop this diversified resource-based and establish a long-term royalty stream. Our team and consultants have been evaluating and working on this opportunity for over a year and believe that the total resource deposit, alongside the types of resources present in the SEPL, is highly aligned with our overall strategy and outlook for certain minerals.\" stated Thomas Sauve, CEO of RMCO. Mr. Sauve continued, \"We look forward to continuing working with the team on the ground to develop this project and position it for long term, responsible resource extraction, revenue generation and profitability. Additionally, we will be testing and analyzing the resource base for additional elements and compounds that could further scale the project or provide additional revenue sources. The analysis program conducted thus far showcases the potential for a world class asset in an area of the world that has historically demonstrated the ability to exten...