Royalty Management announces update on magnet materials program

Royalty Management Holding is pleased to provide an update to its investment in a state-of-the-art permanent magnet materials program with Advanced Magnet Lab. The sponsorship is focused on the stand up of lab-scale capabilities for the development of proprietary metal alloy compositions that are used in the manufacturing of permanent magnets. The strategic partnership between RMCO and AML began in December 2022, when RMCO engaged with AML to fund the setup and development of a pilot-scale lab for producing novel metal alloys compositions for producing magnet powder. This relationship also provides RMCO with a royalty interest in these novel compositions developed that are consumed in producing permanent magnets. The collaboration between RMCO and AML, with the pilot-scale lab, is expected to begin producing sintered and non-sintered magnet alloy samples in the first half of 2024 for prototyping with AML’s PM-Wire process. RMCO and AML will continue to explore further business opportunities, including, but not limited to, additional material development programs and the commercial scale-up of metal alloys production capabilities. RMCO has funded this effort through an investment in AML with subscription to convertible notes under the AML 2022 Convertible Note Round.