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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 TORONTO, ON / ACCESS Newswire / July 23, 2025 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) 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.
