American Acquisition Opportunity’s merger target, Royalty Management announced today that it has entered into a long-term agreement to facilitate the development and deployment of data servers utilizing excess capacity power infrastructure located on an idled and unused mining property.
Located in rural Kentucky, RMC was able to structure a long-term lease agreement to bring new industry to rural Kentucky by utilizing unused infrastructure and property for the use of building and operating servers for data hosting solutions. As part of this agreement, Royalty Management will receive a revenue stream based on the amount of allocated power that is utilized by the counterparty at this site.
Royalty Management Corporation continues to seek other similar investment and development opportunities from a variety of industries, with a particular focus on those that are emerging or transitionary, as the company builds a diverse portfolio of royalties, rents, and revenue shares across a variety of industries.
The deal with American Acquisition Opportunity announced last week would result in gross proceeds of $16 million for Royalty Management. Read more.
