Royalty Management In The Process Of Increasing Production And Provides FY25 Revenue Guidance Of $8M
Portfolio Pulse from Benzinga Newsdesk
Royalty Management Holding Corporation (NASDAQ:RMCO) announced that its investment holding, Ferrox Holdings Ltd., has started production at the Tivani mining project in South Africa, focusing on Titanium, Iron, and Vanadium ores. Ferrox aims to increase production to 50,000 tons of ores per year by 2025, with anticipated annual revenue of $8 million. This move is part of RMCO's strategy to build shareholder value through high-value asset acquisitions and development in resource-driven and emerging technology industries.
May 09, 2024 | 1:20 pm
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Royalty Management Holding Corporation (RMCO) is set to increase its shareholder value through Ferrox Holdings' production start at the Tivani mining project, aiming for significant revenue growth by 2025.
The commencement of production at the Tivani mining project represents a significant step for RMCO in terms of revenue generation and strategic growth. The specific revenue guidance of $8 million by 2025 indicates a clear path for financial growth, likely to positively impact investor sentiment and RMCO's stock price in the short term. The focus on increasing production and securing sales partners further supports the potential for positive stock price movement.
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