Royalty Management Holding Corporation Discovers Valuable Rare Earth Elements in Jamaica

Royalty Management Holding Corporation (Nasdaq: RMCO) has announced the results of an expanded sampling program at its T.R. Mining & Equipment portfolio holding in Jamaica, uncovering the presence of valuable rare earth elements in addition to previously identified iron ore, titanium, and vanadium. This discovery, within a special exclusive prospecting lease covering 213 million tons of raw feedstock, marks a significant advancement in the resource potential of the area.

The rare earth elements found are crucial for the production of rare earth magnets, which are integral to a wide range of technologies including electric vehicles, wind turbines, defense equipment, data centers, and high-tech consumer electronics. Thomas Sauve, Chief Executive Officer of Royalty Management, highlighted the importance of this discovery, stating, "With this expanded sampling program, we have identified meaningfully high concentrations of core materials along with additional high-value rare earth and critical minerals that we can extract."

The company's analysis suggests that the project could offer some of the lowest cost titanium, magnetite, and vanadium feedstock sources available in the marketplace. Furthermore, the presence of rare earth elements adds another layer of value to the resource, which Royalty Management plans to monetize through its royalty agreement with T.R. Mining. For every sale of products extracted from the licensed area, Royalty Management will receive a 10% royalty, benefiting both the company and the Jamaican economy through job creation and resource development.

Royalty Management is currently working on completing the mining permit to commence production, which will not only allow for the extraction and sale of these valuable minerals but also provide employment opportunities for local personnel in Jamaica. The company intends to conduct further testing to better understand the concentrations and extent of the elements within the controlled area as part of its permit package.

This discovery underscores the potential of Jamaica's mineral resources and the role of innovative mining and royalty companies like Royalty Management in unlocking their value. For more information, visit https://www.royaltymgmtcorp.com.