Curated News
By: NewsRamp Editorial Staff
July 30, 2025
Royalty Management Discovers Rare Earth Elements in Jamaica
TLDR
- Royalty Management's T.R. Mining reveals rare earth elements in Jamaica, offering a competitive edge in low-cost titanium, vanadium, and rare earth magnet production.
- An expanded sampling program by T.R. Mining identified rare earth elements alongside iron ore, titanium, and vanadium, detailing a methodical approach to resource extraction.
- Royalty Management's project in Jamaica not only extracts valuable minerals but also creates local employment, enhancing community development and economic growth.
- Discovering rare earth elements in Jamaica's black sand, T.R. Mining unlocks potential for electric vehicles and wind turbines, marking a significant technological advancement.
Impact - Why it Matters
This discovery is significant because rare earth elements are essential for the production of high-tech and green energy products, including electric vehicles and wind turbines. The ability to extract these elements efficiently and at low cost could reduce dependency on traditional suppliers and support the global transition to cleaner energy sources. Additionally, the project promises economic benefits for Jamaica through job creation and the monetization of its natural resources.
Summary
Royalty Management Holding Corporation (Nasdaq: RMCO), through its portfolio company T.R. Mining, has announced the discovery of rare earth elements alongside previously identified iron ore, titanium, and vanadium in Jamaica. This discovery, made through an expanded sampling program, highlights the potential for monetizing these elements, which are crucial for producing rare earth magnets used in electric vehicles, wind turbines, and high-tech electronics. CEO Thomas Sauve emphasized the project's low-cost potential and the upcoming employment opportunities for locals in Jamaica. Royalty Management, holding a 10% royalty on sales from the site, is working towards obtaining a mining permit to commence production, aiming to benefit both the company and Jamaica.
The presence of rare earth elements in T.R. Mining's controlled area adds significant value to the project, with the company planning to leverage its offtake partner's refining technology to maximize resource value. This development not only promises to enhance Royalty Management's portfolio but also to contribute to Jamaica's economy through job creation and resource monetization. For more details, visit www.royaltymgmtcorp.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Royalty Management Discovers Rare Earth Elements in Jamaica
