Acquired business utilizes approved storage locations for clean fill dirt storage generated from commercial and residential construction

Recurring revenues and cash flows streams generated from each truck load that comes across the scales for the life of the property

FISHERS, IN / ACCESSWIRE / September 26, 2022 / American Acquisition Opportunity Inc.'s (Nasdaq:AMAO) merger target company, Royalty Management Corporation (RMC), a sustainably driven, cash flow-oriented, royalty investment and development company, announced today that it has acquired the rights to operate an environmental services business located in Noblesville, Indiana. The business will utilize leased property for clean fill material storage generated from residential and commercial construction. The revenue and cash flow generated from this activity will be done through its newly created subsidiary, RMC Environmental Services LLC. RMC Environmental Services generates income for each load of clean fill dirt that either enters the property or is removed from the property. With the continued development and construction in Noblesville, Indiana and the greater Hamilton County area, the need for disposal and removal of clean fill construction material is anticipated to continue its rise, providing sustainable income to this division of RMC while also providing areas for future land development and environmental stewardship.

Tom Sauve, Chief Executive Officer of Royalty Management Corporation, commented, "This new business opportunity hits right at the heart of our business model, to generate sustainable revenue and cashflow streams from business lines while also ensuring the environment and land is protected for future use. This business line has substantial built-in demand and growth potential due to the large amount of construction growth taking place in the region, especially when it comes to increased volume of material and increased pricing power. We believe the value paid for the property will end up being less than 2x the current cash flow being generated, with additional growth opportunities available to this business as the property is developed. We are excited to work to optimize the value of the opportunity while also ensuring that we maximize the environmental protections and procedures that we utilize across our entire company."

RMC Environmental Services intends to expand the opportunity to generate additional cash flows while looking for future expansion opportunities in this region and across the United States. The company is focused on finding proper storage and fill management areas that can be utilized for commercial and industrial purposes while also developing the land for future areas of development.

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.

About American Acquisition Opportunity Inc.

American Acquisition Opportunity Inc. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. While the Company is able to evaluate opportunities in many sectors, it intends to focus its search on land and resource holding companies. The Company's units, common stock and warrants are listed on the Nasdaq Capital Market.

About Royalty Management Corporation

Royalty Management Corporation is an innovative royalty company focused on building shareholder value by acquiring, developing, or investing in near-term income producing assets that can provide the company with accretive cash flow from which it can reinvest in new assets or expand cash flow from existing controlled assets. The model is to acquire and structure cash flow streams around a variety of assets, typically within natural resources (including real estate), patents, and intellectual property, that can result in monetizing these cash flow streams while identifying other future transitionary cash flows.

Special Note Regarding Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those that will be set forth in the "Risk Factors" section of the Company's registration statement and proxy statement/prospectus to be filed with the SEC. Copies will be available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Important Information for Investors and Stockholders

This document relates to a proposed transaction between the Company and RMC. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a registration statement on Form S-4 with the SEC, which will include a document that serves as a prospectus and proxy statement of the Company, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all of the Company's stockholders. The Company also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of the Company are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov.

Participants in the Solicitation

AMAO and RMC and their respective directors and officers may be deemed to be participants in the solicitation of proxies from AMAO's stockholders in connection with the proposed business combination. Information about AMAO's directors and executive officers and their ownership of AMAO's securities is set forth in AMAO's filings with the SEC, including AMAO's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC on March 25, 2022. To the extent that holdings of AMAO's securities have changed since the amounts printed in AMAO's Annual Report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the interests of those persons and Other persons who may be deemed participants in the proposed business combination may be obtained by reading the proxy statement/prospectus regarding the proposed business combination when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

RMC Contact:
Investor Relations
email: info@royaltymgmtcorp.com

AMAO Contact:
Kirk P. Taylor, CPA
President & Chief Financial Officer
(317) 855-9926

SOURCE: American Acquisition Opportunity Inc.