Royalty Management's AML Wins $2M DLA Grant for Magnets

Royalty Management Holding Corporation (Nasdaq: RMCO) announced that its portfolio company, Advanced Magnet Lab (AML), has been awarded a $2 million grant and contract from the United States Defense Logistics Agency (DLA). The funding is designated for the continued development and expansion of AML's domestically produced, high-grade sintered NdFeB (Neodymium Iron Boron) permanent magnet technology, which is critical for defense applications and other high-end uses. The DLA contract aims to enable AML to manufacture consistent, fully traceable patented magnets for the U.S. defense supply chain, reducing reliance on foreign suppliers. AML's innovative technologies, such as the PM-Uniform and PM-Axial magnets, are wire-like configurations that enhance thermal efficiency and power density in motors, significantly improving permanent magnet performance. This grant underscores the strategic importance of domestic magnet production for national security.

The two-year contract with the DLA also includes supply chain management, alloying, and permanent magnet manufacturing, with a focus on optimizing alloy composition for various magnet grades through advanced manufacturing techniques. Thomas Sauve, CEO of Royalty Management, expressed enthusiasm about AML's recognition by the U.S. government, highlighting the superior efficiency and environmental benefits of AML's technologies compared to current Chinese methods. Royalty Management participates in AML's growth through an investment in convertible debt, which supports a sponsored research program, and in return, RMCO receives a royalty on all sales of products derived from the developed technologies. This arrangement positions Royalty Management to benefit from AML's success while contributing to the advancement of critical magnet technologies.

Founded in 1995, AML is a leader in innovative magnet technologies, with projects funded by industry, the U.S. Department of Energy, and the Department of Defense. The company's focus on domestic production aligns with broader efforts to secure the U.S. supply chain for rare earth magnets, which are essential for everything from electric vehicles to defense systems. For more details, visit www.royaltymgmtcorp.com and www.mitusmagnets.com/. The original release can be viewed on NEWMEDIAWIRE.