Royalty Management Holding Corporation’s and American Resources Corporation’s Investment In Advanced Magnetic Labs, Inc. Results in Commercial Manufacturing of Permanent Magnets

Advanced Magnetic Labs is evaluating multiple sites for commercial-scale manufacturing expansion within the United States following a successful year of technology advancement
American Resources and Royalty Management have jointly participated in funding rounds in AML along with ReElement Technologies providing rare earth oxides

FISHERS, IN / ACCESSWIRE / December 19, 2023 / American Resources Corporation (NASDAQ:AREC) ("American Resources"), a next generation and socially responsible supplier of rare earth and critical elements, and Royalty Management Holding Co. (NASDAQ:RMCO) (the "Royalty Management"), a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high-value assets in a sustainable market environment, have announced that their partner and investments in Advanced Magnetic Labs, Inc. has announced a successful year of advancing its technology, capabilities, and strategic relationships for positioning into commercial manufacturing of permanent magnet products.

Both American Resources Corporation and Royalty Management Corporation have participated in the Series A Round of capital raising by Advanced Magnet Lab, Inc. ("AML") a recognized leader in the development of innovative magnet technologies. Furthermore, American Resources Corporation's wholly owned subsidiary, ReElement Technologies Corporation ("ReElement"), is a commercial partner to AML through the sale of high purity rare earth oxides produced domestically by ReElement from the recycling of end-of-life permanent magnets to feed the oxides into the domestic market manufacturing marketplace.

Thomas Sauve, President of American Resources and CEO of Royalty Management commented, "Developing a domestic supply chain for lithium-ion batteries and rare earth-based permanent magnets requires innovation, partnerships and collaboration if the country is going to move quickly. The partnership we jointly established with AML is a critically important collaboration to swiftly advanced the electrified industry forward. AML, who has worked collaboratively with the Defense Logistics Agency ("DLA"), is shifting the paradigm of the permanent magnet industry, and through our partnership with them, can now say we complete domestic supply chain solutions for high-quality, high-performance and low-cost rare earth permanent magnets. We are excited to be an investor and industry partner through both American Resources and Royalty Management to help AML expand its business faster, better, stronger as they scale their commercial production."