Business
Royalty Management Holding Corporation Establishes Critical Mineral & Lithium Inventory Financing Division
Established to finance inventories for strategic and critical minerals found in ores and recycled feedstocks for further refiningDivision is initially focused
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Established to finance inventories for strategic and critical minerals found in ores and recycled feedstocks for further refiningDivision is initially focused on financing lithium ores and recycled lithium-ion battery material (aka, \"black mass\") to be refined to battery-grade productsFISHERS, IN / ACCESSWIRE / December 27, 2023 / Royalty Management Holding Co. (NASDAQ:RMCO) (\"Royalty Management\" or the \"Company\") an innovative royalty company building shareholder value by acquiring and developing high value assets in sustainable market environments, announced today that it has established a division of the Company that focuses on investment and development of the domestic energy storage and energy efficiency markets, with an initial focus on investing in the raw material supply chain of critical minerals by financing the creation of feedstock inventories from sources around the globe, to be later used in the refining of these strategic materials into high-grade materials for the creation of products focused on energy storage and efficiency, such as batteries and high-efficiency, permanent magnets.Thomas Sauve, CEO of Royalty Management, stated, \"The global demand for certain key elements and materials, such as lithium, rare earth elements and other critical minerals, is on pace to be one of the fastest growing markets worldwide over the next decade. The need for inventory financing for these materials has never been greater, and with the establishment of this key division of the Company, we are positioning ourselves to be able to participate in this growth by being able to finance the ability for companies to better-access feedstocks of these materials for their own needs. Furthermore, as this division of Royalty Management Holding Corporation expands, we also intend to look at opportunities to finance the operations of critical and strategic mineral extraction companies thereby directly participating and benefiting from these resources through a combination of revenue and royalty income.\"Mr. Sauve continued, \"This new division will allow us to generate returns for our shareholders while being a value-added partner to industry participants for the growing need for sourcing and financing energy storage and energy efficiency markets. Just as an example of this opportunity for our Company, growth for lithium-ion batteries...