RecycLiCo Battery Materials Inc., a critical minerals refining and lithium ion battery upcycling company, announced that it, together with Lucid 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鈥檚 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.
鈥淭he 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,鈥� said Richard Sadowsky, Chief Executive Officer of RecycLiCo.