Royalty Management Holding Corporation (Nasdaq: RMCO) announced its congratulations to portfolio holding ReElement Technologies on a series of recent financings that will accelerate the critical mineral refining company's business growth. ReElement, which processes recycled materials, virgin ores, and manufacturing byproducts to produce magnet-grade rare earth elements and other critical minerals, will use the capital to aggressively expand operations, leading to expanded use of technologies under a royalty agreement with Royalty Management.
ReElement Technologies, with operations in Noblesville, Indiana, and Marion, Indiana, utilizes an innovative chromatographic separation platform to produce rare earth elements for the electrification, defense, and technology sectors. The United States Department of War recently announced a $25 million investment into ReElement to accelerate expansion and production of critical minerals necessary for U.S. defense and commercial industries. This investment adds to a previously closed investment from Transition Equity Partners, a Chicago-based private equity firm.
Royalty Management has an intellectual property development program with ReElement, whereby Royalty Management provides capital for developing unique patents and technologies around refining in exchange for an ongoing royalty from sales resulting from those new patents. With the new investment capital, ReElement's expanded operations will increase revenues from refining technologies that may fall under this program, directly benefiting Royalty Management. Thomas Sauve, Chief Executive Officer of Royalty Management, commented, “ReElement has consistently demonstrated that their novel rare earth and critical mineral refining methods are the next generation of how the world looks at this industry, especially from a cost-competitive and purity standpoint. We are excited about having this relationship where Royalty can help provide the technology advancements in partnership with ReElement to help them continue to drive process and efficiency.”
Royalty Management Holding Corporation is a forward-leaning royalty company that acquires and develops high-value assets in resource-driven and emerging technology industries. For more information, visit www.royaltymgmtcorp.com.
