11:03 AM EDT, 07/23/2025 (MT Newswires) -- RecycLiCo Battery Materials ( AMYZF ) up 40% on last look, on Wednesday said it, together with Lucid, and other companies have become founding members of the Minerals for National Automotive Competitiveness Collaboration (MINAC).

MINAC is focused on developing and procuring American-sourced critical mineral resources for automotive manufacturing by domestic automakers and Tier 1 suppliers. The other MINAC members are Alaska Energy Metals (AEMC.V), Graphite One ( GPHOF ) and Electric Metals (EML.V).

"The historic realignment of the global trading environment, together with governmental initiatives fostering reliance on domestic sources, has highlighted the need for the efficient recovery and refinement of critical minerals. This collaboration with Lucid and our other MINAC partners is a direct response to that need and will help us to validate and scale our technology and work closely with industry leaders," said Richard Sadowsky, chief executive officer of RecycLiCo.

The company's shares were last seen up $0.02 to $0.07 on the TSX Venture Exchange.

Price: 0.07, Change: +0.02, Percent Change: +40.00