- RecycLiCo Battery Materials Inc. (TSXV:AMY) announced its role as a founding member of the newly launched Minerals for National Automotive Competitiveness Collaboration (MINAC)
- The initiative aims to accelerate the development and procurement of domestically sourced critical minerals for use in American automotive manufacturing
- The company’s process efficiently recovers high-purity, battery-ready lithium, cobalt, nickel, and manganese from newly mined domestic ore, manufacturing scrap, and end-of-life batteries
- RecycLiCo Battery Materials stock (TSXV:AMY) closed trading at $0.06
Taking a step toward trying to secure the country’s automotive future, RecycLiCo Battery Materials Inc. (TSXV:AMY), a company in critical minerals refining and lithium-ion battery upcycling, announced its role as a founding member of the newly launched Minerals for National Automotive Competitiveness Collaboration (MINAC).
This content has been prepared as part of a partnership with RecycLiCo Battery Materials Inc. and is intended for informational purposes only.
The initiative, unveiled in partnership with Lucid Group (NASDAQ:LCID) and fellow critical mineral producers Alaska Energy Metals (TSXV:AEMC), Graphite One (TSXV:GPH), and Electric Metals (TSXV:EML), aims to accelerate the development and procurement of domestically sourced critical minerals for use in American automotive manufacturing.
MINAC’s leadership stated that its mission is to bolster the U.S. supply chain for electric vehicles and other advanced automotive technologies by:
- Advancing domestic mineral production through offtake agreements for American-sourced critical minerals
- Identifying and resolving commercialization barriers to speed up customer adoption
- Improving coordination between the mining and automotive sectors
- Supporting qualification and procurement of U.S.-produced materials by domestic automakers and Tier 1 suppliers
This initiative was spearheaded by Lucid, known for its electric vehicle line, including the Lucid Air and Gravity SUVs. It serves to align with a U.S. Presidential Executive Order to strengthen its mineral production. However, it still encounters several hurdles, including the need for congressional funding, coordination among multiple federal agencies, and legal challenges related to land use and environmental regulations, as well as sourcing business partners in the industry.
“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,” RecycLiCo’s CEO, Richard Sadowsky said in media statement.
“RecycLiCo is proud to work alongside Lucid and our fellow MINAC collaborators, advancing our shared commitment to robust, sustainable, and secure, domestic supply chains for critical minerals,” he explained in another news release. “We are actively seeking opportunities to leverage our advanced hydrometallurgical process to efficiently recover high-purity lithium, cobalt, nickel, and manganese from end-of-life batteries, manufacturing scrap, and newly mined ore to help shape a future-ready critical-minerals industry.”
RecycLiCo’s hydrometallurgical technology plays a pivotal role in the collaboration. The company’s process efficiently recovers high-purity, battery-ready lithium, cobalt, nickel, and manganese from newly mined domestic ore, manufacturing scrap, and end-of-life batteries. This innovation supports the creation of a circular supply chain, reducing reliance on foreign sources and enhancing environmental sustainability.
To mark the launch, MINAC members gathered in Washington, D.C. on Wednesday, for a roundtable event featuring key policymakers including Arizona Governor Katie Hobbs, Alaska Senator Dan Sullivan, and Representatives Nick Begich (AK) and Andy Biggs (AZ).
RecycLiCo Battery Materials stock (TSXV:AMY) closed 36 per cent higher at $0.06, but has lost 53.45 per cent since this time last year.
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