Graphite One Inc. has signed a non-binding Memorandum of Understanding (MoU) with Lucid Group, Inc. to support a fully U.S.-based supply chain for critical battery minerals. The agreement is part of the Minerals for National Automotive Competitiveness (MINAC) initiative, which brings together select domestic miners and processors to reduce reliance on foreign sources of essential materials in the U.S. automotive industry.
MINAC was formally announced at a Capitol Hill event in Washington, D.C., featuring a roundtable and remarks by Arizona Governor Katie Hobbs, Senator Dan Sullivan (R-Alaska), Representative Nick Begich (D-Alaska) and Representative Andy Biggs (R-Arizona). Through MINAC, Graphite One and partner companies aim to drive investment, create jobs and support U.S. national security by developing domestic mineral resources and processing capabilities.
“Graphite One is pleased to be partnered with Lucid via supply chain offtake agreements for both synthetic and natural graphite,” said Anthony Huston, CEO of Graphite One. “With MINAC representing domestic developers of the essential rechargeable battery materials and Lucid as an end-user, this agreement marks a significant step towards creating the fully U.S.-based supply chain that is an indispensable element of U.S. energy dominance.”
Graphite One plans to build an advanced graphite materials and battery anode plant in Warren, Ohio, alongside a recycling facility for graphite and other battery materials. The recycling unit will reclaim critical components from end-of-life batteries, forming the third element of the company’s circular-economy model.
MINAC’s founding members include domestic producers across the mineral and automotive sectors, collectively working to secure U.S. access to critical minerals, support clean energy leadership and reduce dependence on imports. As MINAC advances, participants anticipate unlocking significant private and public investment in mining, processing and battery material manufacturing.
Source: Graphite One Inc.
