Lucid Strikes Critical Minerals Deal With Multiple Public Mining Companies

Lucid is getting serious about critical minerals made in North America. Which is exactly why they’re cutting a new mega deal with multiple publicly traded mining companies.

What’s happening:

• Lucid (NASDAQ: LCID) has entered into a new joint venture partnership with Alaska Energy Metals (TSXV: AEMC), Electric Metals (TXV: EML) and Graphite One (TSXV: GPH) for domestically produced critical minerals
  

Why it matters:‍

• This is one of the largest collaborations that a publicly traded electric vehicle company has ever entered into for the sourcing and supply of domestic critical minerals
  

Going deeper:‍

• Lucid has also cut a deal with RecycLiCo (TSXV: AMY) to recover battery grade lithium, cobalt, nickel and manganese from from end of life batteries and manufacturing scrap that can be used in the production of new lithium-ion batteries for electric vehicles
  
• Uber (NYSE: UBER) just recently made waves on Wall Street when they made a $300M USD strategic investment into Lucid for deploying Lucid’s electric vehicles as autonomous vehicles globally