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Alaska Energy Metals Enters Memorandum of Understanding With American Electric Vehicle Manufacturer Lucid and Other Mining and Processing Companies
Highlights: Lucid, Alaska Energy Metals and other mining and processing companies have fo...
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":"Alaska Energy Metals Enters Memorandum of Understanding With American Electric Vehicle Manufacturer Lucid and Other Mining and Processing CompaniesHighlights: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 chainThe 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, 2025Other 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 t...