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

RecycLiCo Battery Materials Inc. (“RecycLiCo”) (TSX.V: AMY | OTCQB: AMYZF | FSE: ID4), a critical mineral refining and lithium-ion battery upcycling company, and Alaska Energy Metals Corp. (“AEMC”) (TSX.V: AEMC | OTCQB: AKEMF | FRA: V7F) are pleased to announce that RecycLiCo’s new wholly owned U.S. subsidiary, RecycLiCo US Mineral Recovery, Inc. (“RUMR”) and AEMC have entered into a Memorandum of Understanding (“MOU”), effective September 16, 2025, to assess the ways in which RecycLiCo’s hydrometallurgical processing technology could be used in the refining of metal concentrates derived from AEMC’s polymetallic Nikolai deposit in Alaska. The Nikolai deposit contains seven U.S. Government-designated Critical Minerals, including nickel, cobalt, copper, chromium, platinum, palladium, and gold (along with the non-critical mainstay metal iron).

As a first step in structuring the parties’ working relationship, AEMC will supply RUMR with metal concentrate samples derived from previously collected drill core samples from the Nikolai deposit, along with assay data, mineralogical data and metallurgical testing data. RUMR will test the amenability of recovering nickel and the other accessory metals from the concentrate samples, utilizing RecycLiCo’s expertise in hydrometallurgical refinement. Following the successful completion of testing, the partnership’s goal would be to advance to the development of a co-located hydrometallurgical processing facility at the Nikolai project site.

“This partnership perfectly aligns with RecycLiCo’s transition from a venture-stage battery recycler to an important contributor to North America’s domestic supply chain for the critical minerals underpinning 21st Century industrial needs and national security,” said Richard Sadowsky, Interim CEO, RecycLiCo, adding: “The U.S. is fortunate to have significant critical mineral deposits – like the Nikolai Deposit – but its supply chain’s missing link is the lack of domestic capacity in the mid-stream processing segment. We are confident that by partnering with AEMC, RecycLiCo US Mineral Recovery can help close that gap.”

Gregory Beischer, AEMC President & CEO, commented: “We are excited to partner with RecycLiCo to explore the opportunity of leveraging their hydrometallurgical expertise and proprietary processes. AEMC would like to produce refined metal products from our Nikolai deposit on-site rather than having to ship metal concentrate to Asian smelters for refining – particularly at a time when the United States is heavily reliant on countries officially designated Foreign Entities of Concern to meet U.S. demand for nickel and other critical minerals.”

The MOU announcement aligns with national objectives set forth in Executive Order  “Immediate Measures to Increase American Mineral Production” (March 20, 2025) and  “Executive Order on Unleashing Alaska’s Extraordinary Resource Potential” (January 20, 2025) and comes at a time when the Trump Administration is stepping up its efforts to work with stakeholders to strengthen domestic critical mineral supply chains against the backdrop of surging geopolitical and trade tensions.

RecycLiCo Battery Materials I https://recyclico.com/

Alaska Energy Metals | https://alaskaenergymetals.com/