Royalty Management Holding Corp (NASDAQ:RMCO) is ramping up investments in the rare earth and critical minerals industry through strategic partnerships aimed at reshaping the supply chain for permanent magnets and advanced technologies.
The company highlighted its capital deployments in firms such as Advanced Magnet Lab Inc (AML), NeoRe SpA, and ReElement Technologies, among others, as part of its broader effort to support the development of a domestic “mine-to-magnet” industry in the US and allied countries.
AML, which has developed proprietary permanent magnet technology, recently demonstrated its PM-360 magnet in an axial flux motor for the US Department of Defense.
“They are one of the only players in the United States that has actually made a rare earth magnet domestically, and remarkably, can do so cost effectively for their high-end customers,” Royalty Management CEO Thomas Sauve told shareholders.
“Since our partnership with this company and its cutting-edge intellectual property, AML has made significant strides to reshape how the industry manufacturers and utilizes permanent magnets and rare earth materials to make the next generation of technologies incorporating cost effective magnet designs.”
Royalty Management said it is evaluating additional investments to help reduce global reliance on China for critical magnet and rare earth supplies.