Lucid Strengthens U.S. EV Supply Chain with New Critical Minerals Collaboration

NEWARK, CA – Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, has launched the Minerals for National Automotive Competitiveness Collaboration (MINAC) in partnership with Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo. The collaboration aims to accelerate U.S. critical mineral production, ensuring a resilient domestic supply chain for electric vehicle (EV) and automotive manufacturing.

Strengthening Domestic Mineral Supply Chains

MINAC’s primary goals include:

• Securing offtake agreements for U.S.-produced critical minerals;

• Eliminating barriers to commercialization of domestic mining operations;

• Expanding coordination between mining and automotive industries;

• Qualifying and sourcing domestically produced materials for U.S. automakers and Tier 1 suppliers.

The announcement coincides with a Washington, D.C. roundtable featuring Arizona Governor Katie Hobbs, Sen. Dan Sullivan (AK), and other key lawmakers.

MINAC Partners Driving U.S. Mineral Independence

• Alaska Energy Metals: Developing a large-scale nickel project in Alaska—a critical component for high-energy-density EV batteries.

• Electric Metals USA: Advancing the Emily manganese project in Minnesota, targeting the highest-grade manganese deposit in North America.

• Graphite One: Establishing U.S. production of synthetic and natural graphite for EV batteries, with operations in Ohio and Alaska.

• RecycLiCo: Specializing in hydrometallurgical recycling, recovering lithium, cobalt, nickel, and manganese from end-of-life batteries.

Quotes from MINAC Members and Supporters:

Marc Winterhoff, Interim CEO of Lucid
“Domestic supply chains strengthen manufacturing resilience, fortify sustainable supply chains, and accelerate job growth. Following in the footsteps of our previous agreements, today we are doubling down on our commitment to powering American innovation and look forward to working with our partners as we built the next generation of automotive manufacturing in the United States.”

Gregory Beischer, President & CEO of Alaska Energy Metals
“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.”

Brian Savage, CEO of Electric Metals (USA) Limited
“We are honored to join MINAC in advancing a secure and resilient 100% domestic supply chain for critical minerals. As the developer of the highest-grade manganese deposit in North America, located in Emily, Minnesota, Electric Metals is committed to establishing a domestic source of high-purity manganese products essential to the U.S. electric vehicle, battery, and defense industries. With no current domestic production of manganese, our project addresses a critical vulnerability in the nation’s supply chain. This collaboration is a strategic step toward reducing reliance on foreign sources and strengthening U.S. industrial and energy security.”

About Lucid Group

Lucid Group (NASDAQ: LCID) designs and manufactures award-winning EVs, including the Lucid Air and Lucid Gravity SUV, at its state-of-the-art, vertically integrated factory in Arizona. Lucid is recognized for its industry-leading energy efficiency, performance, and luxury design, reinforcing its position as a technology innovator in the EV market.

For more details, visit www.lucidmotors.com.