Royalty Management Holding Corp (RMCO): "Royalty Management Holding Corporation...

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Thursday, 01/11/2024 3:01:55 AM

Thursday, January 11, 2024 3:01:55 AM

"Royalty Management Holding Corporation Announces Update with Pilot Scale Permanent Magnet Metal Alloys Program with Advanced Magnet Lab, Inc."

"...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.

AML is a leading developer of magnet-based technologies and has developed a novel process, PM-Wire™, for producing permanent magnets, which has been funded by the U.S. Department of Defense (DoD) and commercial partners. AML is presently being sought after to scale its manufacturing process by several strategic partners across the United States."

https://finance.yahoo.com/news/royalty-management-holding-corporation-announces-133000054.html