Royalty Management In The Process Of Increasing Production And Provides FY25 Revenue Guidance Of $8M
Royalty Management In The Process Of Increasing Production And Provides FY25 Revenue Guidance Of $8M
Incorporated in 2006, Ferrox Holdings Ltd. is a British Virgin Island company that owns the Tivani Mining Deposit, its flagship asset that contains deposits of Titanium, Iron and Vanadium, from which Ferrox has commenced production and concentration of these ores to produce Ilmenite concentrate (Titanium Dioxide), Ferro Titanium and Magnetite Concentrate (Iron), with anticipation in the future to produce Vanadium Pentoxide, Ferro Vanadium, Titanium Metal, and other derivative products. After conducting a reserve study that supported the economic feasibility of the mining operation, Ferrox commenced a few years ago the investment into the mining infrastructure at Tivani to support the extraction and processing of the ores into salable products for a variety of interested customers. With extraction and concentration started, Ferrox is now focused on increasing production and identifying key offtake and sales partners for the concentrated products out of Tivani. Upon completion of Ferrox's investment into its crushing and concentration plant, the company anticipates it to be able to increase production and sales to approximately 50,000 tons of run-of-mine ores per year in 2025 and approximately $8 million in annualized revenue, continuing to expand thereafter as the company continues its investment into the deposit and production.Ferrox's Tivani mining project started production in late 2023, initially utilizing its mini mill for concentration of ores
Ferrox 的 Tivani 采矿项目于 2023 年底开始生产，最初使用其迷你磨机来浓缩矿石
Company in the process of increasing production and provides 2025 full-year revenue guidance of $8 million
公司正在增加产量，并提供2025年全年800万美元的收入指导
FISHERS, IN / ACCESSWIRE / May 9, 2024 / Royalty Management Holding Corporation (NASDAQ:RMCO) (the "Company"), an innovative royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that Ferrox Holdings Ltd., an investment holding of the Company, has provided production and revenue guidance from its Tivani mining project located in the Limpopo Province of South Africa.
印第安纳州费舍尔/ACCESSWIRE/2024年5月9日/皇家使用费管理控股公司（纳斯达克股票代码：RMCO）（“公司”）是一家创新的特许权使用费公司，通过收购和开发各种资源驱动和新兴技术行业的高价值资产来建立股东价值。该公司投资控股公司Ferrox Holdings Ltd.已为其位于利姆的蒂瓦尼矿业项目提供了生产和收入指导南非波波省。
Incorporated in 2006, Ferrox Holdings Ltd. is a British Virgin Island company that owns the Tivani Mining Deposit, its flagship asset that contains deposits of Titanium, Iron and Vanadium, from which Ferrox has commenced production and concentration of these ores to produce Ilmenite concentrate (Titanium Dioxide), Ferro Titanium and Magnetite Concentrate (Iron), with anticipation in the future to produce Vanadium Pentoxide, Ferro Vanadium, Titanium Metal, and other derivative products. After conducting a reserve study that supported the economic feasibility of the mining operation, Ferrox commenced a few years ago the investment into the mining infrastructure at Tivani to support the extraction and processing of the ores into salable products for a variety of interested customers. With extraction and concentration started, Ferrox is now focused on increasing production and identifying key offtake and sales partners for the concentrated products out of Tivani. Upon completion of Ferrox's investment into its crushing and concentration plant, the company anticipates it to be able to increase production and sales to approximately 50,000 tons of run-of-mine ores per year in 2025 and approximately $8 million in annualized revenue, continuing to expand thereafter as the company continues its investment into the deposit and production.
Ferrox Holdings Ltd.成立于2006年，是一家英属维尔京群岛公司，拥有蒂瓦尼矿床，这是其旗舰资产，含有钛、铁和钒矿床，Ferrox已开始从中生产和浓缩这些矿石，生产钛铁精矿（二氧化钛）、钛铁和磁铁矿精矿（铁），预计将来将生产五氧化二钒、钒铁、金属钛，以及其他衍生产品。在进行了一项支持采矿业务经济可行性的储量研究之后，Ferrox于几年前开始投资蒂瓦尼的采矿基础设施，以支持将矿石开采和加工成可供各种感兴趣的客户销售的产品。随着开采和浓缩的开始，Ferrox现在专注于提高产量，为来自蒂瓦尼的浓缩产品寻找主要的吸收和销售合作伙伴。Ferrox完成对破碎和浓缩厂的投资后，该公司预计能够在2025年将原矿的产量和销售量提高到每年约5万吨，年化收入约800万美元，此后随着公司继续投资矿床和生产，将继续扩大。
