Royalty Management Holding Corporation Warrant - RMCOW STOCK NEWS

Royalty Management Holding (Nasdaq: RMCO) announced its first quarter 2024 financial results, reporting a 160% year-over-year rise in revenue to $162,100 and a 149% increase in net income to $135,180. The company's clean balance sheet and low-cost operating model have positioned it for continued growth. Significant updates include the renewal of its gold status membership in CASFER and record revenue for its environmental services business. The company also initiated a stock repurchase program worth up to $2 million. Key portfolio assets include RMC Environmental Services , Ferrox Holdings , TR Mining, and Advanced Magnet Lab, Inc. The Tivani mining project is expected to generate $8 million in annualized revenue by 2025.

Royalty Management Holding (Nasdaq: RMCO) has engaged CM3 Advisory, a boutique accounting firm based in San Diego, as its new independent registered public accounting firm. CM3 Advisory was approved by the Audit Committee of RMCO's Board of Directors following an extensive interview process. The firm, led by Carlos Martinez and German Beas, specializes in serving middle-market companies across various industries including technology, aerospace, and life sciences. CEO Tom Sauve expressed appreciation for the Board's efforts in governance and reporting, emphasizing the importance of CM3 Advisory's timely and professional service to support RMCO's growth.

Royalty Management Holding (NASDAQ:RMCO) announces that its investment holding, Ferrox Holdings , has provided production and revenue guidance for its Tivani mining project located in South Africa. Ferrox has started production and concentration of Titanium, Iron, and Vanadium ores, with anticipated full-year revenue of $8 million in 2025. The company plans to increase production and expand its product offerings in the future.

Royalty Management Holding (RMCO) has provided a business update focusing on opportunistic growth. The company aims to create shareholder value by acquiring high-value assets and cash flow generating opportunities. RMCO operates under a low-cost, low overhead model and is executing stock buybacks to invest in undervalued assets. The business update post the S-4 merger highlights the company's clean balance sheet, strong asset base, and plans for growth and value creation events.

Royalty Management Holding (RMCO) renewed its gold membership in Texas Tech University's CASFER center, gaining access to innovative technologies for recycling nitrogen-based fertilizers. The partnership aims to revolutionize food production and reduce environmental impact, with potential global growth opportunities. CASFER, supported by a $26 million NSF grant, seeks to create a nitrogen circular economy and is backed by top universities.

Royalty Management Holding (RMCO) announces attendance at the Jamaica Mining Conference to discuss opportunities for local hiring and partnerships. The company aims to advance environmentally friendly mineral processing, focusing on small-scale production and maximizing stakeholder value. RMCO will be participating in National Minerals Week 2024 in Kingston, Jamaica, to highlight the economic potential of local resources and emphasize community engagement and sustainable development.

Royalty Management Holding 's Board of Directors has approved the initiation of a stock repurchase program, allowing the company to buy back up to $2.0 million of its common stock over the next 24 months.

Royalty Management Holding 's subsidiary, RMC Environmental Services , achieves record monthly revenue of nearly $1.0 million in March, potentially leading to profitability for RMCO. The company plans to expand its environmental services business line and explore new revenue growth opportunities.

Royalty Management Holding Corporation (NASDAQ:RMCO) announces successful placement of additional environmental surety bonds within its operator network, enabling the company to receive attractive bonding premiums and fees. RMCO is evaluating potential acquisitions to expand its environmental surety business line and generate steady cash flows while protecting the environment.