A-Mark and JM Bullion unveil CyberMetals, an online platform enabling digital precious metals transactions and optional exchange for physical coins and bullion


CyberMetals Marketplace to be featured at DA Davidson Investor event on December 7, 2021

EL SEGUNDO, Calif., November 19, 2021 (GLOBE NEWSWIRE) – Precious Metals A-Mark, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, and its wholly owned subsidiary, JM Bullion (JMB), will unveil its new CyberMetals platform during a virtual presentation hosted by DA Davidson on Tuesday, December 7, 2021. Following the event, the Company make a copy of the slide presentation available in the Investor Relations section of its website.

Leveraging the core strengths of A-Mark and JMB, CyberMetals is an innovative online platform that digitizes large gold, silver and platinum bars and enables consumers to buy and sell fractions. shares of these bars in a range of denominations. The platform will support both accumulation type programs where clients acquire precious metals at predefined intervals, as well as more opportunistic buy and sell transactions. This unique structure provides customers with the lowest possible price differentials, which is different from existing programs in the industry which typically feature large price differentials for smaller value transactions. Customers will be able to access the CyberMetals portal through an intuitive platform on desktop or mobile device (iOS and Android), providing customers with 24/7/365 access to buy, sell and monitor their portfolio.

CyberMetals customers will have the ability to convert their digital holdings into products made from precious metals through an integrated redemption flow with JMB. These products may be designated for storage by the Company or shipped directly to the client, a feature currently unavailable in the domestic exchange-traded funds (ETF) market. To finance their purchases, customers will be provided with a wide range of payment options, including credit / debit card, Automated Clearing House (ACH), wire transfer, cryptocurrencies (via BitPay), and PayPal. . CyberMetals, a special purpose entity, will store the precious metals in A-Mark’s repository in Las Vegas, Nevada, which is fully preserved, secure and insured. A-Mark will partner with its current security partner, Loomis, to manage the metal storage.

A-Mark and JMB plan to begin beta testing of the CyberMetals market in December 2021 with a commercial release slated for February 2022.

“We are excited to unveil CyberMetals as we believe it is an innovative product offering that will attract new precious metals customers from previously untapped sources while reducing friction for precious metal ownership,” said said Greg Roberts, CEO of A-Mark. “The offering is very complementary to our existing services, leveraging our physical footprint in Las Vegas as well as our core product sourcing and logistics skills. We believe that the CyberMetals market will enhance and accelerate our new client acquisition strategy in the precious metals sector. “

Michael Wittmeyer, CEO of JM Bullion, a wholly-owned subsidiary of A-Mark, said: CyberMetals Platform. This new platform will also allow us to target previously untapped customer segments that prefer the convenience and simplicity of digital precious metals ownership. “

About A-Mark Precious Metals
Founded in 1965, A-Mark Precious Metals, Inc. (NASDAQ: AMRK) is a fully integrated precious metals platform that offers a range of gold, silver, platinum, palladium and copper bars, from numismatic coins and related products to wholesale and retail customers through a portfolio of channels. The company operates in three complementary segments: Wholesale and Ancillary Services, Secured Loans and Direct to Consumer. The company’s global customer base includes sovereign and private currencies, manufacturers and manufacturers, refiners, dealers, financial institutions, industrial users, investors, collectors, e-commerce customers and other retailers.

A-Mark’s Wholesale and Ancillary Services segment distributes and purchases precious metal products from sovereign and private currencies. As the United States Mint’s authorized buyer of gold, silver and platinum coins since 1986, A-Mark purchases bullion products directly from the United States Mint for sale to its customers. A-Mark also has long-standing concessions with other sovereign currencies, including Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. The company sells over 200 different products to online retailers, coin and bullion dealers, financial institutions, brokerage houses and collectors. In addition, A-Mark sells precious metal products to industrial users, including metal refiners, manufacturers and electronics manufacturers.

Through its subsidiary AM Global Logistics, A-Mark offers its customers a range of complementary services, including managed storage options for precious metals as well as receiving, handling, inventory, processing , packaging and shipping of precious metals and coins on a secure site. based. A-Mark’s coinage operations, which are conducted through its wholly owned subsidiary Silver Towne Mint, enable the company to offer customers a wide range of exclusive coin and bullion offerings and, during periods of market volatility when the availability of silver bullion of sovereign currencies is often limited by the product, privileged access to the product.

A-Mark’s Direct-to-Consumer segment operates as an omnichannel precious metals retailer, providing access to a multitude of products through its wholly owned subsidiaries, JM Bullion and Goldline. JM Bullion is a leading online precious metals retailer and operates five distinct branded websites targeting specific niches in the precious metals market: JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice. org, SilverPrice.org. Goldline markets precious metals directly to the investment community through a variety of channels, including television, radio and telephone sales efforts. A-Mark also has minority stakes in two other direct-to-consumer brands.

The Company operates its secured lending segment through its wholly owned subsidiaries, Collateral Finance Corporation (CFC) and AM Capital Funding. Founded in 2005, CFC is an authorized financial lender in California that creates and acquires loans secured by bullion and numismatic coins. Its clients include coin and precious metal dealers, investors and collectors. AM Capital Funding was formed in 2018 for the purpose of securitizing qualifying secured loans from CFCs.

A-Mark is headquartered in El Segundo, California, and has additional offices and facilities in the neighboring Los Angeles area as well as Dallas, TX, Las Vegas, NV, Winchester, IN and Vienna, Austria. For more information, visit www.amark.com.

Company details :
Steve Reiner, Executive Vice President, Capital Markets and Investor Relations
Precious Metals A-Mark, Inc.
1-310-587-1410
[email protected]

Investor Relations Contact:
Matt Glover or Jeff Grampp, CFA
Investor Relations Gateway
1-949-574-3860
[email protected]

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