RecycLiCo's U.S. Subsidiary and Alaska Energy Metals Corporation Enter Memorandum of Understanding to Advance Goal of Creating Domestic Critical Metal Supply Chain

Core Viewpoint - RecycLiCo Battery Materials Inc. and Alaska Energy Metals Corp. have entered into a Memorandum of Understanding to explore the use of RecycLiCo's hydrometallurgical processing technology for refining metal concentrates from AEMC's Nikolai deposit, which contains several critical minerals [1][3]. Company Overview - RecycLiCo specializes in critical minerals refining and lithium-ion battery upcycling, utilizing advanced hydrometallurgical technologies to recover essential metals from end-of-life batteries and manufacturing scrap [4]. - Alaska Energy Metals Corp. focuses on sustainably delivering critical materials for national security and energy needs, with a commitment to generating superior returns for shareholders [5]. Partnership Details - The partnership will begin with AEMC supplying metal concentrate samples and related data to RecycLiCo's U.S. subsidiary, RUMR, for testing the recovery of nickel and other metals [2]. - The ultimate goal is to develop a co-located hydrometallurgical processing facility at the Nikolai project site following successful testing [2]. Strategic Importance - This collaboration aligns with U.S. national objectives to enhance domestic critical mineral supply chains, particularly in light of geopolitical tensions and reliance on foreign entities for essential minerals [3]. - The Nikolai deposit is significant as it contains seven U.S. Government-designated Critical Minerals, including nickel, cobalt, copper, and platinum, which are vital for various industrial applications [1][7].