Alaska Energy Metals Enters Memorandum of Understanding With American Electric Vehicle Manufacturer Lucid and Other Mining and Processing Companies

Rhea-AI Summary

Alaska Energy Metals (OTCQB:AKEMF) has entered into a strategic Memorandum of Understanding (MOU) with Lucid Group (NASDAQ:LCID) and other mining companies to form the Minerals for National Automotive Competitiveness (MINAC) collaborative group.

The partnership includes Graphite One, Electric Metals USA, and RecycLiCo Battery Materials. MINAC aims to promote domestic mineral resources utilization, create jobs, and reduce foreign dependency in the automotive supply chain. The initiative aligns with President Trump's Executive Order on increasing American mineral production.

The partnership was launched on July 23, 2025, featuring discussions with Governor Katie Hobbs, Senator Dan Sullivan, and Representatives Nick Begich and Andy Biggs, focusing on developing resilient domestic automotive supply chains while supporting defense applications.

Positive

• Strategic partnership with major EV manufacturer Lucid and other mining companies
• Alignment with government initiatives and executive orders supporting domestic mineral production
• Bipartisan political support from state and federal officials
• Potential to strengthen American Defense Industrial Base through domestic mineral sourcing

Negative

• Early-stage MOU with no binding commitments or financial terms disclosed
• No immediate revenue impact or specific production targets mentioned

Highlights:

• Lucid, Alaska Energy Metals and other mining and processing companies have formed a collaborative group called Minerals for National Automotive Competitiveness ("MINAC")

• MINAC will promote the use of the United States' vast mineral resources to create jobs, fuel prosperity, and significantly reduce reliance on foreign nations within the automotive supply chain

• The initiative aligns with and advances the US Government's national goals outlined in President Trump's Executive Order entitled Immediate Measures to Increase American Mineral Production, issued on March 20, 2025

• Other participants include: Graphite One, Electric Metals, and RecycLiCo.

VANCOUVER, BC / ACCESS Newswire / July 24, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Lucid Group, Inc ("Lucid" NASDAQ:LCID), maker of the world's most advanced electric vehicles, and an array of mining and mineral processing companies that includes AEMC, Graphite One ("Graphite One") (TSXV:GPH), Electric Metals USA Inc ("Electric Metals") (TSXV:EML) and RecycLiCo Battery Materials ("RecycLiCo" ) . The companies have formed a collaborative group named Minerals for National Automotive Competitiveness ("MINAC").

AEMC President & CEO Gregory Beischer commented: "We are proud and excited to be counted amongst this group of companies. President Trump's signing of an Executive Order entitled "Unleashing Alaska's Extraordinary Resource Potential" on his first day in office underscores the key role Alaska can play in advancing American Critical Mineral production. At AEMC we are doing our part to bring Alaska's critical and strategic minerals to America. We look forward to working with our collaborators in MINAC to leverage our mutual experience, technical capabilities, resources, infrastructure, and know-how to develop resilient domestic automotive mineral supply chains."

MINAC is designed as a partnership to advance the national goals outlined in the President's Executive Order "Immediate Measures to Increase American Mineral Production." The collaborative group will promote the use of the United States' vast mineral resources to create employment opportunities, drive economic prosperity, and significantly reduce our reliance on foreign nations within the automotive supply chain.

The partnership was announced on July 23, 2025 during a formal launch event featuring a roundtable discussion and event with Governor Katie Hobbs (D-AZ), U.S. Senator Dan Sullivan (R-AK), and U.S. Representatives Nick Begich (R-AK) and Andy Biggs (R-AZ). MINAC is "committed to developing a robust domestic automotive supply chain that supports local economies, creates high-paying jobs, and strengthens the resilience of the automotive sector," while also acknowledging the pivotal role of critical and strategic minerals for defense applications.

Beischer continued: "By developing resilient automotive supply chains, we establish commercially viable mining operations that also help strengthen the American Defense Industrial Base. Sourcing minerals domestically enables better regulatory oversight, higher environmental standards, metal source traceability, and responsible sourcing. This approach mitigates harmful environmental and human rights risks often associated with foreign mining operations and provides an opportunity to improve the livelihoods of American communities."

For additional information, visit: https://alaskaenergymetals.com/

ABOUT ALASKA ENERGY METALS
Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders.

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers - Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top.

ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Gregory A. Beischer, President & CEO
Toll-Free: 877-217-8978 | Local: 604-609-7149

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that the Company will participate and collaborate with MINAC partners. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include but are not limited to uncertainty relating to the estimation of mineral resources, regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: Alaska Energy Metals Corporation

View the original press release on ACCESS Newswire

FAQ

What companies are part of the MINAC partnership with Alaska Energy Metals (AKEMF)?

The partnership includes Lucid Group (NASDAQ:LCID), Graphite One (TSXV:GPH), Electric Metals USA (TSXV:EML), and RecycLiCo Battery Materials.

What is the main purpose of the MINAC collaboration announced by Alaska Energy Metals?

MINAC aims to promote domestic U.S. mineral resources, create jobs, drive economic prosperity, and reduce foreign dependency in the automotive supply chain.

How does the Alaska Energy Metals MINAC partnership align with government initiatives?

The partnership aligns with President Trump's Executive Order on increasing American mineral production and supports the development of domestic automotive supply chains.

When was the MINAC partnership officially launched?

The partnership was officially launched on July 23, 2025, with a formal event featuring state and federal officials including Governor Katie Hobbs and Senator Dan Sullivan.

What are the environmental and social benefits of the MINAC initiative?

The initiative promotes better regulatory oversight, higher environmental standards, metal source traceability, and responsible sourcing compared to foreign mining operations.