Electric Metals And Lucid Pledge Strategic Collaboration To Promote Use Of Domestic Critical Minerals Within Automotive Supply Chain

• Companies Sign Memorandum of Understanding as Part of New “Minerals For National Automotive Competitiveness (“MINAC”) Collaborative Joined by Select Group of Miners and Processors
• Initiative Aligns with Presidential Executive Order on Critical Minerals

Electric Metals (USA) Limited ("EML" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with Lucid Group, Inc (Lucid), maker of the world's most advanced electric vehicles, as part of the newly created Minerals for National Automotive Competitiveness (MINAC), a collaborative aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain.

In accordance with President Trump's March 20 Executive Order "Immediate Measures to Increase American Mineral Production," MINAC resolves to promote the use of domestic critical minerals within the U.S. automotive supply chain to bolster local economies and generate high-quality employment opportunities. Electric Metals and Lucid are joined by a select group of mining and mineral processing companies sharing the same goals, including Alaska Energy Metals Corporation (AEMC), Graphite One Inc. (G1), RecycLiCo Battery Materials Inc. (RecycLiCo).

"For years, U.S. industries-including the automotive supply chain-have relied on foreign sources like China for critical minerals," said Brian Savage, CEO of Electric Metals (USA). "Electric Metals aims to provide a secure, domestic source of high-purity manganese products for both civilian and defense uses. Our efforts support U.S. policy goals as demand grows for non-Chinese critical materials, and we look forward to collaborating with our MINAC partners to strengthen America's critical mineral supply chains."

As part of MINAC's formal launch today, the collaborative will participate in a panel discussion at an event featuring Arizona Governor Katie Hobbs, Senator Dan Sullivan, and Representatives Nick Begich and Andy Biggs in Washington, D.C.