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• Like Hipgnosis Songs Fund (SONG) for music royalties, but focused on oil and gas royalties.
• Essentially a Real Estate Investment Trust (REIT) for oil and gas royalties.

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• Royalty Acquisitions: Royalty Management (RMCO) acquires existing royalty interests on approved or late-stage biopharmaceutical products from biopharmaceutical companies, academic institutions, and other royalty holders.
• Drug Development Financing: RMCO provides capital to biopharmaceutical companies to fund research and development, clinical trials, or commercialization efforts, in exchange for future royalty streams on successful products.

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Information regarding the major customers of Royalty Management (symbol: RMCO) is not readily available through standard public sources for a prominently traded public company. The ticker symbol "RMCO" is associated with a company that appears to be inactive or traded on highly illiquid over-the-counter markets historically, making current detailed customer information unobtainable.

However, based on the typical business model of a "Royalty Management" company, it primarily sells its services to other companies (or significant entities acting as such) rather than to individuals. These customers are typically the owners of assets that generate royalties, and they outsource the complex administration of these royalty streams.

Therefore, while specific major customer names for RMCO cannot be identified, the following categories represent the types of corporate entities that would be major customers for a royalty management service:

• Major Entertainment and Media Corporations: This category includes record labels, music publishers, film studios, television networks, and book publishing houses that own extensive catalogs of intellectual property (e.g., songs, films, books, patents). These companies utilize royalty management services to handle the complex tracking, collection, and distribution of royalties from various licensees, streaming platforms, broadcasters, and other entities that use their intellectual property.
• Energy and Mineral Rights Holding Companies/Funds: This includes corporations, private equity funds, and investment vehicles whose primary business or significant holdings consist of oil, gas, or other mineral rights (royalty interests). They rely on royalty management firms to administer their intricate royalty streams received from exploration and production companies operating on their leased properties, ensuring accurate accounting and timely payments.
• Large Brand Licensors and Franchisors: Corporations that license their brand names, trademarks, proprietary technologies, or business models to franchisees or other commercial entities. Royalty management services help these companies monitor sales, ensure compliance with licensing agreements, and accurately collect recurring royalty fees based on performance or usage.

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Thomas M. Sauve, Chief Executive Officer

Thomas M. Sauve has over 12 years of experience leading and managing mining operations and more than 15 years in investing, restructuring, and building businesses. He is a Co-Founder of T Squared Capital LLC and serves as President, Director, and Business Strategy & Development of ReElement Technologies Corporation. Sauve possesses a history of successfully identifying mining operations that align with the company's model for cost cutting and efficiency. He holds an Economics degree from the University of Rochester and has undertaken additional business studies at the Simon School of Business. On October 1, 2024, he indirectly acquired 7,500 shares of Royalty Management Holding Corp common stock through First Frontier Capital LLC, an entity he beneficially owns.

Amanda Kruse, CPA, Chief Financial Officer

Amanda Kruse, CPA, oversees all financial reporting and accounting for Royalty Management. She brings over 15 years of experience in public and financial accounting, having previously served as Controller of Royalty Management Holding Corporation. Her expertise includes the implementation of scalable accounting and financial processes and platforms to ensure proper checks and balances and cost controls within various organizations. Kruse is a graduate of the Kelley School of Business at Indiana University in Indianapolis, holding both a Bachelor of Science in Business and a Master of Science in Accounting.

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• Widening Net Loss and Financial Performance

  Royalty Management (RMCO) has experienced a widening net loss despite an increase in environmental services revenue. The company's fundamentals show an operating margin of -13.1% and a negative P/E multiple of -76.7, reflecting investor concerns over its profitability and financial health. Furthermore, the stock has performed significantly worse than the S&P 500 index during various economic downturns.

• Dependence on Royalty Streams and Intellectual Property Protection

  As a royalty company, RMCO's business model relies on acquiring royalty interests from assets, such as intellectual property. A significant risk lies in the fact that many of these royalty interests may be tied to patent applications, not granted patents, which do not provide guaranteed protection or exclusivity. This lack of guaranteed protection for the underlying intellectual property could jeopardize future royalty income. Additionally, the royalty interest to RMCO may reduce the downstream margins of its partners on refined output, potentially impacting the long-term viability or attractiveness of such partnerships.

• Market Volatility

  RMCO's share price has demonstrated significant volatility, with its weekly volatility increasing from 14% to 22% over the past year. The stock has shown a lack of resilience during market crises, faring much worse than the S&P 500 index in economic downturns. This market volatility presents a risk to shareholder value and investor confidence.

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Addressable Markets for Royalty Management (RMCO) Main Products or Services

• Critical Minerals: The global critical minerals market size was valued at USD 328.19 billion in 2024 and is projected to reach USD 586.63 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.53% from 2025-2032.
• Rare Earth Elements: The global rare earth elements market size was valued at USD 12.44 billion in 2024 and is projected to reach USD 37.06 billion by 2033, exhibiting a CAGR of 12.83% from 2025-2033.
• Intellectual Property Licensing (including Patents): The global intellectual property licensing market was valued at approximately USD 340 billion in 2024 and is anticipated to reach USD 580 billion by 2033, exhibiting a CAGR of 6.1% from 2025 to 2033.
• Blockchain Technology: The global blockchain technology market size was estimated at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, growing at a CAGR of 90.1% from 2025 to 2030.
• Cryptocurrency (Market Capitalization): The global cryptocurrency market capitalization is approximately USD 3.63 trillion.
• Water Trading/Rights: The global water trading market size was valued at around USD 23.14 billion in 2023 and is projected to reach USD 50.26 billion by 2032, with a CAGR of around 9.12% over the forecast period (2024-2032).
• Agricultural Royalties: null
• Timber Royalties: null
• Oil and Gas Royalties: null

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Royalty Management (RMCO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and strategic focuses:

1. Strategic Acquisitions and Investments in Critical Minerals and Technology Sectors: The company has demonstrated significant revenue growth through its strategy of acquiring and developing high-value assets in resource-driven and emerging technology fields. This includes a strategic emphasis on critical minerals, rare earth elements, environmental services, and technology. Notable assets like NeoRe, TR Mining, and ReElement Technologies are highlighted as playing a pivotal role in this growth, capitalizing on industries often bolstered by government support.
2. Expansion into Cryptocurrency/AI Data Centers and Bitcoin Mining Infrastructure: Royalty Management Holding is strategically positioned in sectors with high upside potential, specifically including cryptocurrency and AI data centers. The company has announced the creation of a "Datacenter, AI, and Alternative Currency Mining Division: The Vault Holding Corporation," and is expanding into Bitcoin mining and AI compute infrastructure. This expansion is anticipated to create scalable income streams.
3. Leveraging Multiple Revenue Streams: The company benefits from a model that generates multiple revenue streams, including fee and rental income. This financial flexibility, coupled with strategic expansion into new high-growth sectors, is expected to enhance overall revenue generation as new forms of fees and rentals are realized from these ventures.
4. Disciplined Deal Sourcing and Capital-Efficient Acquisitions: Royalty Management operates on a capital-efficient model focused on raising equity to finance royalty purchases. Its emphasis on disciplined deal sourcing, thorough technical review, and active portfolio oversight for acquiring royalty interests in areas like onshore oil and gas properties is a continuous driver for generating ongoing and sustainable revenue.

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Share Repurchases

• Royalty Management Holding Corporation initiated a stock repurchase program in late 2024, authorizing up to $2 million for repurchases.
• As of August 11, 2025, a total of 193,052 shares of common stock have been retired through company repurchases.
• During the first quarter of 2025, the company repurchased 30,000 shares of common stock.

Outbound Investments

• Royalty Management is a royalty company that acquires and develops high-value assets across various resource-driven and emerging technology industries.
• The company's investment holdings include RMC Environmental Services, Ferrox Holdings, TR Mining, FUB Mineral, NeoRe, SpA, and Advanced Magnet Lab, Inc.
• In September 2024, Royalty Management partnered with LVC Global to develop new technologies for refining gold, silver, and platinum group metals.