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Royalty Management Holding Corporation Applauds the Recent Transaction Between ReElement Technologies and Vulcan Elements

ReElement Technologies and Vulcan Elements ink deal to supply United States with Rare Earth Magnets 

Royalty Management looks forward to working with both parties to source and supply rare earth mined and recycled feedstock from Royalty’s controlled properties and investments to support their production

Thomas Sauve, Chief Executive Officer of the Company, commented, “We are excited about this new agreement between two leading companies in the rare earth space:  ReElement Technologies for refining and processing, and Vulcan Elements for using the ReElement-refined products for rare earth magnet manufacturing. Over the past few years, Royalty Management has been working diligently to find and secure attractive opportunities and investments in the rare earth element industry, in particular by securing various feedstock sources for rare earths, such as our holdings in rare earth mines, NeoRe, SpA and our mined coal sources in eastern Kentucky.  This builds on our already existing agreement with ReElement to help provide them with sourced raw materials for their refining.” 

Tom continued, "While Advanced Magnet Lab in Melbourne, Florida, is likely the first company to recently and successfully manufacture the first magnet in the United States utilizing their proprietary and novel magnet technology - which Royalty Management is incredibly excited to be a part of their efforts too - the announcement by ReElement Technologies and Vulcan continues to emphasize the importance of expanding these magnet manufacturing abilities here within the US.  We are in active discussions with ReElement Technologies to help their multi-faceted expansion by being one of their suppliers of additional source feedstock for their oxide refining and separation operations, and we are pleased that we have existing feedstock sources for this partnership." 

Through its portfolio of companies and royalties, Royalty Management has the ability to assist ReElement Technologies with source feedstock that will be refined by ReElement for use by Vulcan Elements. Royalty Management is seeking additional investments and expansion in this rare earth feedstock space.

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

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