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RecycLiCo's U.S. Subsidiary and Alaska Energy Metals Corporation Enter Memorandum of Understanding to Advance Goal of Creating Domestic Critical Metal Supply Chain
Globenewswire· 2025-09-17 10:00
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].
RecycLiCo’s U.S. Subsidiary and Alaska Energy Metals Corporation Enter Memorandum of Understanding to Advance Goal of Creating Domestic Critical Metal Supply Chain
Globenewswire· 2025-09-17 10:00
Core Viewpoint - RecycLiCo Battery Materials Inc. and Alaska Energy Metals Corp. have signed a Memorandum of Understanding to explore the use of RecycLiCo's hydrometallurgical processing technology for refining metal concentrates from AEMC's Nikolai deposit in Alaska, which contains several critical minerals [2][4]. Company Overview - RecycLiCo specializes in critical minerals refining and lithium-ion battery upcycling, utilizing advanced hydrometallurgical technologies to recover valuable materials from end-of-life batteries and manufacturing scrap [5]. - Alaska Energy Metals Corp. focuses on sustainably delivering critical materials for national security and energy needs, with its flagship Nikolai project located in Alaska, which is well-positioned to become a significant domestic source of strategic metals [6][8]. 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 [3]. - If successful, the collaboration aims to develop a co-located hydrometallurgical processing facility at the Nikolai project site, enhancing domestic processing capabilities for critical minerals [3][4]. Strategic Importance - This collaboration aligns with U.S. national objectives to strengthen domestic critical mineral supply chains, particularly in light of geopolitical tensions and reliance on foreign entities for essential materials [4]. - The partnership is seen as a crucial step in addressing the supply chain gap in mid-stream processing of critical minerals in North America [4].