Alaska Energy Metals Enters Memorandum of Understanding with American Electric Vehicle Manufacturer Lucid and Other Mining and Processing Companies
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com
NR: 25-12
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
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, BRITISH COLUMBIA, July 24, 2025 – Alaska Energy Metals Corporation (TSX-
V: 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”) (TSX-V:
GPH), Electric Metals USA Inc (“Electric Metals”) (TSX-V: EML) and RecycLiCo Battery
Materials (“RecycLiCo” ) . The companies have formed a collaborative group named
Minerals for National Automotive Competitiveness (“MINAC”).
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com
Lucid – AEMC MOU
Page 2
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 CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com
Lucid – AEMC MOU
Page 3
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
ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9
Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com
Lucid – AEMC MOU
Page 4
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.