Graphite One Joins Lucid and Domestic Battery Materials Developers Pledging Strategic Collaboration to Promote Domestic Critical Minerals in the U.S. Automotive Supply Chain

Core Points - Graphite One Inc. has entered into a Memorandum of Understanding with Lucid Group to form MINAC, aimed at reducing U.S. reliance on foreign critical minerals in the automotive supply chain [1][3] - MINAC was officially launched during a Capitol Hill event, highlighting bipartisan support from various state representatives [2] - The initiative aligns with Graphite One's strategy to establish a 100% U.S.-based advanced graphite materials supply chain, leveraging the Graphite Creek deposit, the largest in the U.S. [4] Company Strategy - Graphite One is developing a complete U.S.-based advanced graphite supply chain, including a manufacturing plant for battery anode materials in Warren, Ohio, and a recycling facility [4] - The company aims to become a leading American producer of high-grade anode materials integrated with domestic graphite resources, primarily for the lithium-ion electric vehicle battery market [6] Industry Context - MINAC represents a partnership among U.S. mineral and automotive producers to enhance domestic supply chains, supporting national security and American energy leadership [5] - The collaboration is expected to unlock billions in investments in mining, minerals processing, and manufacturing of derivative products, significantly reducing reliance on foreign nations [5]