Home

Royalty Management Holding Corporation's Expanded Sampling Program Showcases Significantly Larger Than Expected Presence of Economically Viable Titanium, Vanadium and Rare Earth Elements Within the Deposits Controlled at T.R. Mining

T.R. Mining, a portfolio company of Royalty Management, has previously demonstrated high concentrations of iron ore, titanium and vanadium, coupled with an export permit through an affiliated company 

Expanded sampling program performed by the Company shows the presence of other rare earth elements that can be monetized alongside the other valuable elements

Thomas Sauve, Chief Executive Officer of the Company, commented, “With this expanded sampling program and analysis performed of the resource at T.R. Mining, we have identified meaningfully high concentrations of core materials along with additional high-value rare earth and critical minerals that we can extract.  Most importantly, we are confident based on the analysis and concentration, coupled with the simple mining method, that this project will showcase some of the lowest cost titanium, magnetite, and vanadium feedstock sources available in the marketplace. T.R. Mining’s prior resource assessment report identified attractive quantities of iron ore, which can be sold as magnetite, titanium, and vanadium elements. With this additional analysis, we can now add rare earth elements to the list of valuable minerals contained within T.R. Mining’s controlled area.” 

Tom continued, “With our mining permit underway, our plan is to soon start hiring and employing local personnel in Jamaica to help separate the valuable iron ore from the rest of the raw feedstock, which in of itself represents nearly half of the resource at this site, and from there separate the other high-value elements such as titanium, vanadium, and now the identified presence of rare earth elements as additional products we can concentrate and sell to refiners.  For every sale of products out of T.R. Mining’s licensed area, Royalty Management will receive a royalty for our investment in the company.  Through our offtake partner and their refining technology, we have the ability to maximize the value out of this resource, for both our Company and for the country of Jamaica, by being able to monetize greatly more products that exist within this permit.”

Through its investment in T.R. Mining & Equipment Ltd., the Company holds a royalty on minerals extracted from the permitted site in the amount of 10% of the sales of rare earth and other elements from T.R. Mining.   Royalty Management is working closely with its consultants and management of T.R. Mining to complete the mining permit and start production at this site for resource extraction and sales, thereby providing valuable employment opportunities for Jamaica.  Royalty Management intends to conduct additional testing of the resource to further define the concentrations and extent of the elements of interest within this controlled area as part of its permit package.

About Royalty Management Holding Corporation

Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a variety of market environments. The model is to acquire and structure cash flow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future.

For more information visit www.royaltymgmtcorp.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that the matters discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the “Risk Factors” section of the Company’s filings with the SEC. The information contained in this release is as of the date first set forth above.  The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Royalty Management Holding Corporation Contact:

Thomas Sauve
Chief Executive Officer
www.royaltymgmtcorp.com
(646) 245-2465 

SOURCE: Royalty Management Holding Corporation