RecycLiCo Partners with Lucid to Strengthen North American Domestic Supply Chain for Critical Minerals and Metals
Rhea-AI Summary
RecycLiCo Battery Materials (OTCQB: AMYZF) has joined forces with Lucid (NASDAQ: LCID) and other industry leaders to form the Minerals for National Automotive Competitiveness Collaboration (MINAC), aimed at strengthening the domestic supply chain for critical minerals in North American automotive manufacturing.
The partnership includes other founding members such as Alaska Energy Metals, Graphite One, and Electric Metals. MINAC will focus on advancing domestic mineral production through offtake agreements, accelerating commercialization, improving mining-automotive sector coordination, and supporting domestic material procurement.
RecycLiCo's contribution centers on its advanced hydrometallurgical process for recovering high-purity, battery-ready materials from domestic ore, manufacturing scrap, and end-of-life batteries. The initiative launch will be marked by a roundtable event in Washington, D.C., featuring state governors and congressional representatives.
Positive
- Strategic partnership with major EV manufacturer Lucid and other industry leaders
- Potential for securing offtake agreements for domestic critical minerals
- Recognition of RecycLiCo's advanced hydrometallurgical process technology
- Government and political support for the initiative
Negative
- None.
News Market Reaction
On the day this news was published, AMYZF gained 48.79%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SURREY, British Columbia, July 23, 2025 (GLOBE NEWSWIRE) -- RecycLiCo Battery Materials Inc. (“RecycLiCo” or the “Company”) (TSX.V: AMY | OTCQB: AMYZF | FSE: ID4), a critical minerals refining and lithium ion battery upcycling company, today announced that it, together with Lucid (NASDAQ: LCID) and other industry leaders has become a founding member of the Minerals for National Automotive Competitiveness Collaboration (MINAC), a partnership focused on accelerating the development and procurement of American-sourced critical mineral resources for use in automotive manufacturing by domestic automakers and Tier 1 suppliers. The other MINAC members are Alaska Energy Metals, Graphite One and Electric Metals.
The MINAC members will work together to:
- Advance domestic mineral production through the completion of offtake agreements for American critical minerals for use in American automobiles;
- Identify and resolve barriers, and accelerate commercialization and customer adoption;
- Improve coordination between the mining and automotive sectors; and
- Support the qualification and procurement of domestically produced materials by American automakers and Tier 1 suppliers.
The partnership recognizes the value of RecycLiCo’s advanced hydrometallurgical process to recover high-purity, battery-ready materials from newly-mined domestic ore, manufacturing scrap and end-of-life batteries and its potential contribution to onshore sourcing of essential materials and the establishment of a circular supply chain.
“The historic realignment of the global trading environment, together with governmental initiatives fostering reliance on domestic sources, has highlighted the need for the efficient recovery and refinement of critical minerals. This collaboration with Lucid and our other MINAC partners is a direct response to that need and will help us to validate and scale our technology and work closely with industry leaders,” said Richard Sadowsky, Chief Executive Officer of RecycLiCo.
As part of the collaboration’s launch, Mr. Sadowsky will join fellow MINAC members for a roundtable and event on July 23, 2025, in Washington, D.C. alongside Arizona Governor Katie Hobbs, Alaska Senator Dan Sullivan, and Representatives Begich (AK) and Biggs (AZ).
About RecycLiCo
RecycLiCo Battery Materials Inc. is a critical minerals refining company specializing in the use of advanced hydrometallurgical technologies for processing mined ore and the upcycling of lithium-ion battery materials. RecycLiCo’s processes efficiently recover battery-ready lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap, supporting energy storage as well as broader industrial applications. RecycLiCo’s business focus aligns with the global demand for future-ready, responsible supply chains and the growing movement to strengthen domestic sourcing of critical materials.
For more information, please contact:
Paola Ashton
PRA Communications
Telephone: 604-681-1407
Email: pashton@pracommunications.com
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 release. This news release may contain "forward-looking statements", which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward–looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
FAQ
What is the purpose of the MINAC collaboration between RecycLiCo (AMYZF) and Lucid?
Who are the founding members of the MINAC collaboration with RecycLiCo?
What technology does RecycLiCo (AMYZF) bring to the MINAC partnership?
When and where will the MINAC collaboration launch event take place?
How will this partnership affect RecycLiCo's (AMYZF) business development?
