Business
Royalty Management Holding Corporation Congratulates Its Portfolio Holding, Advanced Magnet Lab, on Recent Government Grant
Royalty Management Holding Corporation Congratulates Its Portfolio Holding, Advanced Magnet Lab, on Recent Government Grant
About this update from Royalty Management Holding Corporation
[{"type":"text","content":"Advanced Magnet Lab (AML) Announced That It Recently Had Been Awarded a $2 Million Defense Logistics Agency (DLA) Grant and Contract for Production of Its High-Grade Magnets for Defense Uses \nFISHERS, IN - May 26, 2026 (NEWMEDIAWIRE) - Royalty Management Holding Corporation (Nasdaq: RMCO) (\"Royalty Management\" or the \"Company\"), a forward leaning royalty company building shareholder value by acquiring and developing high value assets in a variety of resource-driven and emerging technology industries, is pleased to announce that one of the Company's key investment holdings, Advanced Magnet Lab (or AML), had received a grant from the United States Defense Logistics Agency (DLA) in the amount of $2 million for the purpose of continued development and expansion of AML's domestically made, high-grade sintered NdFeB (Neodymium Iron Boron) permanent magnet technology for use in the defense industry and for other high-end applications. The DLA contract is designed to enable AML to manufacture consistent, fully traceable patented magnets for the US defense supply chain. AML is developing and leveraging new technologies to create magnets into unique geometries, like the company's PM-Uniform and PM-Axial magnets, which are wire-like configurations that improve thermal efficiency and power density in motors, thus dramatically increasing the efficiency of its permanent magnets.\nThe award to AML is also facilitated by a two-year contract with the DLA for supply chain management, alloying, and permanent magnet manufacturing, including alloy composition optimization for various magnet grades by implementing advanced manufacturing techniques.\nThomas Sauve, Chief Executive Officer of the Company, commented, \"AML has consistently demonstrated that their technologies for magnet production are superior to the current paradigm of available options. With their technologies around permanent magnet production, we will see a new, more efficient use of how these magnets are used in specialty motors and high application systems. With this grant, we are pleased to see that the United States government has recognized the strategic and commercial value that AML brings to the market and we are excited for them as they continue to execute on their mission and vision.\"\nAML's novel innovations are unique in that they dramatically improve on the Chinese ...