Item 7.01 Regulations FD Disclosures
ROCKY MOUNTAIN INDUSTRIALS CLOSES 60-ACRE COMMERCIAL LAND SALE & RAIL SERVICES AGREEMENT
Greenwood Village, Colorado (August 23, 2023) – Rocky Mountain Industrials, Inc. (RMI), Colorado’s next generation infrastructure company, announced the closing of a 60-acre commercial land sale at its Rocky Mountain Rail Park (RMRP) located in Adams County for an industrial operator with rail requirements.
Rocky Mountain Rail Park is designed to host industrial users with its large land parcels, robust rail infrastructure, entitled heavy industrial zoning, and advantageous proximity to the Denver Metro area.
RMI has sold 143 acres of available land since inception and continues to construct the critical infrastructure at the Rail Park. The rail platform will encompass 15 miles of track within its manifest and unit-train rail infrastructure with rail service launching in 2024.
"The RMI team is pleased to close this most recent transaction that adds to our rail served customers next year," said Brian Fallin, CEO of RMI.
RMI completed construction on the property’s south parcel in March 2022 and continues a phased construction approach to its rail-served northern parcels. Both rail and non-rail served sites are available for sale or lease throughout construction in 2023.
Tyler Smith, Alec Rhodes and Aaron Valdez with Cushman & Wakefield’s Denver office represented the seller, RMI, in the transaction.
About RMI
Rocky Mountain Industrials Inc. is a materials infrastructure and distribution organization strategically positioned to serve the Mountain West. www.rockymountainrailpark.com
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. The words “anticipate,” “assume,” “believe,” “budget,” “estimate,” “expect,” “forecast,” “initial,” “intend,” “may,” “plan,” “potential,” “project,” “proposed,” “should,” “will,” “would,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements herein relate to, among other things, RMI’s strategic position and prospects and legislative developments. These statements involve several known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include the matters discussed in the “Risk Factors” section of RMI’s filings with the Securities and Exchange Commission, all of which are incorporated by reference herein. The forward-looking statements in this press release speak as of the date of this release. Although RMI may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so except as required by securities laws.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits.
*Furnished herewith.