U.S. companies Graphite One, Lucid, and Domestic Battery Materials have agreed to cooperate strategically with the aim of increasing the domestic production of critical minerals in the American automotive industry supply chain.
The MINAC (Minerals for National Automotive Competitiveness) initiative has been launched with a focus on advancing the domestic production and supply of critical minerals essential for automotive manufacturing in the United States. The partnership, announced on July 23, 2025, aims to accelerate commercialization, secure offtake agreements, improve coordination between mining and the automotive sector, and support the procurement of American-sourced critical minerals to reduce dependence on foreign supplies.
The initiative is aligned with the U.S. Presidential Executive Order on critical minerals and aims to strengthen the American electric vehicle (EV) supply chain. Members of MINAC are a coalition of key domestic mineral producers and a major U.S. electric vehicle manufacturer.
Members of MINAC
Lucid Group Inc. (NASDAQ: LCID), a leading EV manufacturer, is spearheading the coalition to secure critical minerals for its supply chain. Another founding mineral producer, Graphite One Inc. (TSXV: GPH, OTCQX: GPHOF), specializes in graphite, a crucial component for EV battery anodes.
Other members include Alaska Energy Metals Corporation (TSXV: AEMC, OTCQB: AKEMF), a domestic mineral company contributing to critical mineral sourcing, Electric Metals USA (TSXV: EML, OTCQB: EMUSF), focusing on providing domestic high-purity manganese products, and RecycLiCo Battery Materials Inc. (TSXV: AMY, OTCQB: AMYZF), providing advanced hydrometallurgical processing for battery materials recovery and supply.
Graphite One's Role in MINAC
Graphite One Inc. is a founding member of MINAC, focusing on supplying domestic graphite for the EV industry. The company plans to build an advanced graphite material and battery anode material manufacturing plant located in Warren, Ohio, as part of its circular economy strategy.
The company's strategic collaboration with Lucid and domestic battery materials developers aims to promote domestic critical minerals in the U.S. automotive supply chain. The Graphite One Project, anchored by the Graphite Creek deposit, is a complete U.S.-based advanced graphite supply chain solution, recognized by the US Geological Survey as the largest graphite deposit in the U.S. and among the largest in the world.
The Future of Domestic Critical Minerals Production
The MINAC initiative supports the White House Executive Orders on Critical Minerals and aligns with the Graphite One Project. The partnership is part of the formation of MINAC (Minerals for National Automotive Competitiveness) and is aimed at fostering economic growth while reducing U.S. over-reliance on foreign supplies of critical minerals within the automotive supply chain.
The Graphite One Project was listed as Alaska's first mining project on the FAST-41 Federal Permitting Dashboard and was the fifth mining project overall at the time of listing. The event featuring the announcement was held on Capitol Hill and included remarks by Arizona Governor Katie Hobbs, Alaska Senator Dan Sullivan, Alaska Representative Nick Begich, and Arizona Representative Andy Biggs.
[1] Graphite One Inc. Press Release, July 23, 2025. [2] Lucid Group Inc. Press Release, July 23, 2025. [3] White House Executive Order on Critical Minerals, January 2021. [4] U.S. Geological Survey, Graphite Deposits in the United States.
- Graphite One Inc., a founder of MINAC, specializes in graphite production, aiming to secure domestic graphite for the EV industry.
- Lucid Group Inc., a key EV manufacturer, is a member of MINAC, working to secure critical minerals for its supply chain.
- The business alliance, MINAC, aims to support wealth-management in personal-finance by strengthening the American electric vehicle supply chain through domestic critical minerals production.
- The technology-driven Graphite One Project, recognized by the US Geological Survey, is part of the Minerals for National Automotive Competitiveness (MINAC) initiative, which intends to advance energy production by improving the business coordination between mining and the automotive sector.
