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

Executive Summary

• RecycLiCo Battery Materials Inc. and Alaska Energy Metals Corp. have signed an MOU to evaluate the use of RecycLiCo’s hydrometallurgical technology on metal concentrates from AEMC’s Nikolai deposit in Alaska.
• The initial phase will involve AEMC supplying concentrate, assay, mineralogical and metallurgical data to RecycLiCo US Mineral Recovery (RUMR) for testing the recovery of nickel, cobalt and other critical metals.
• Successful testing could lead to the development of a co‑located hydrometallurgical processing facility at the Nikolai site, creating a fully domestic supply chain for multiple U.S. Government‑designated critical minerals.

Key Details

• Parties Involved: RecycLiCo Battery Materials Inc. (TSXV: AMY) and Alaska Energy Metals Corp. (TSXV: AEMC).
• Subsidiary Created: RecycLiCo US Mineral Recovery, Inc. (“RUMR”) – wholly owned U.S. subsidiary of RecycLiCo.
• Effective Date of MOU: September 16 2025.
• Deposit Profile: Nikolai deposit contains seven U.S. Government‑designated critical minerals – nickel, cobalt, copper, chromium, platinum, palladium and gold – plus iron.
• First‑Step Deliverables (AEMC to RUMR):
• Metal concentrate samples derived from historic drill core material.
• Corresponding assay data, mineralogical analyses, and metallurgical testing results.
• Testing Objective: Assess amenability of RecycLiCo’s hydrometallurgical processes to recover nickel and accessory metals from the supplied concentrates.
• Future Goal: Upon successful testing, advance toward constructing a co‑located hydrometallurgical processing facility at the Nikolai project site.
• Strategic Alignment: Supports U.S. Executive Orders “Immediate Measures to Increase American Mineral Production” (Mar 20 2025) and “Unleashing Alaska’s Extraordinary Resource Potential” (Jan 20 2025).
• Executive Comments:
• Richard Sadowsky, Interim CEO of RecycLiCo – highlighted the partnership as a step toward closing the domestic mid‑stream processing gap for critical minerals.
• Gregory Beischer, President & CEO of AEMC – emphasized the aim to produce refined metal products on‑site rather than exporting concentrates to foreign smelters.

Notable Quotes

• “The U.S. is fortunate to have significant critical mineral deposits… but its supply chain’s missing link is the lack of domestic capacity in the mid‑stream processing segment.” – Richard Sadowsky, Interim CEO, RecycLiCo
• “We are excited to partner with RecycLiCo to explore the opportunity of leveraging their hydrometallurgical expertise… particularly at a time when the United States is heavily reliant on countries officially designated Foreign Entities of Concern.” – Gregory Beischer, President & CEO, AEMC