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 採礦項目於 2023 年底開始生產，最初使用其迷你磨機來濃縮礦石
Company in the process of increasing production and provides 2025 full-year revenue guidance of $8 million
公司正在增加產量，並提供2025年全年800萬美元的收入指導
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.
印第安納州費舍爾/ACCESSWIRE/2024年5月9日/皇家使用費管理控股公司（納斯達克股票代碼：RMCO）（“公司”）是一家創新的特許權使用費公司，通過收購和開發各種資源驅動和新興技術行業的高價值資產來建立股東價值。該公司投資控股公司Ferrox Holdings Ltd.已爲其位於利姆的蒂瓦尼礦業項目提供了生產和收入指導南非波波省。
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.成立於2006年，是一家英屬維爾京群島公司，擁有蒂瓦尼礦牀，這是其旗艦資產，含有鈦、鐵和釩礦牀，Ferrox已開始從中生產和濃縮這些礦石，生產鈦鐵精礦（二氧化鈦）、鈦鐵和磁鐵礦精礦（鐵），預計將來將生產五氧化二釩、釩鐵、金屬鈦，以及其他衍生產品。在進行了一項支持採礦業務經濟可行性的儲量研究之後，Ferrox於幾年前開始投資蒂瓦尼的採礦基礎設施，以支持將礦石開採和加工成可供各種感興趣的客戶銷售的產品。隨着開採和濃縮的開始，Ferrox現在專注於提高產量，爲來自蒂瓦尼的濃縮產品尋找主要的吸收和銷售合作伙伴。Ferrox完成對破碎和濃縮廠的投資後，該公司預計能夠在2025年將原礦的產量和銷售量提高到每年約5萬噸，年化收入約800萬美元，此後隨着公司繼續投資礦牀和生產，將繼續擴大。
