Business
Royalty Management Holding Corporation Provides Funds for Additional Development and Mineral Analysis at Its Jamaican Critical Mineral Investment
Company Provides Additional Capital to Progress the Projects Permitting and Analysis for Potential of Additional Rare Earth Elements and Critical Minerals Within the Deposit Initial Target Resource of Vanadium, Titanium, Magnetite, and Iron Ore; Ana...
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Company Provides Additional Capital to Progress the Projects Permitting and Analysis for Potential of Additional Rare Earth Elements and Critical Minerals Within the Deposit","length":173,"tagName":"p"},{"type":"text","content":"Initial Target Resource of Vanadium, Titanium, Magnetite, and Iron Ore; Analysis to Identify Other Targets","length":106,"tagName":"p"},{"type":"text","content":"FISHERS, INDIANA - April 25, 2025 (NEWMEDIAWIRE) - Royalty Management Holding Corporation (Nasdaq: RMCO) ("Royalty Management" "RMCO", or the "Company"), a forward leaning royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, announce today that it has provided additional capital towards the progress and development of T.R. Mining & Equipment Ltd.'s ("TR Mining") operating permit for its vanadium, titanium, magnetite, and iron ore mine currently under development. With the prospecting permit established, TR Mining and the Company are advancing efforts to complete the operating permit for TR Mining's resource extraction, processing, and sale from this diverse mineral deposit. Royalty Management receives a 10.0% royalty on the sale of all minerals, elements, resources, and products from the permit, which encompasses an area of 25 square kilometers along the southern region of Jamaica and contain no less than 212 million tons of raw sand and ore containing critical minerals and other valuable elements.","length":1169,"tagName":"p"},{"type":"text","content":"Concurrent with the capital investment towards completing the operating permit, Royalty Management is also investing capital towards additional sampling and analysis of the deposit to determine if there are any other rare earth elements or other critical minerals in meaningful concentration to be commercially valuable, as can be typical with other similar resources.","length":368,"tagName":"p"},{"type":"text","content":""We believe this property will be highly economic based on the already proven reserves that have been identified but the unique characteristics of the site lead us to believe that there may be other valuable elements and minerals that make sense to test and analysis," commented Tom Sauve, Chief Executive Officer of Ro...