Royalty Management Holding Corporation announced its support for a recently signed agreement between ReElement Technologies Corporation and Vulcan Elements to establish one of the first rare earth magnet supply chains in the United States. The partnership aims to create a cost-focused domestic supply chain for rare earth magnets, which are critical components in various technologies including electric vehicles, wind turbines, and defense systems.
Through its portfolio investments and royalty holdings, Royalty Management is positioned to supply both mined and recycled rare earth mineral feedstock to ReElement Technologies as the company expands its refining and separation processes. Thomas Sauve, Chief Executive Officer of Royalty Management, emphasized the significance of this development, stating that the company has been actively securing opportunities in the rare earth element industry, particularly through feedstock sources such as rare earth mines and mined coal sources in eastern Kentucky.
The agreement builds upon Royalty Management's existing relationship with ReElement Technologies to provide raw materials for refining operations. Sauve noted that while Advanced Magnet Lab in Melbourne, Florida, recently manufactured the first magnet in the United States using proprietary technology, the ReElement-Vulcan partnership further underscores the importance of expanding domestic magnet manufacturing capabilities.
Royalty Management is currently in active discussions with ReElement Technologies to serve as a supplier of additional feedstock for their oxide refining and separation operations. The company's ability to provide sourced feedstock that will be refined by ReElement for use by Vulcan Elements demonstrates its strategic positioning within the emerging domestic rare earth supply chain. For more information about the company's operations, visit https://www.royaltymgmtcorp.com.
This development represents a significant step toward reducing United States dependence on foreign sources for rare earth elements and magnets, which are essential for national security, renewable energy technologies, and advanced manufacturing. The establishment of a domestic supply chain could enhance supply security, create manufacturing jobs, and support the growth of clean energy industries while addressing strategic mineral vulnerabilities that have concerned policymakers and industry leaders for years.
