Lucid Group, Inc. (NASDAQ:LCID) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. Alaska Energy Metals Corporation has formed Minerals for National Automotive Competitiveness (MINAC) through a Memorandum of Understanding with Lucid Group, Inc. (NASDAQ:LCID) and other mining and processing firms, including Graphite One, Electric Metals USA Inc., and RecycLiCo.Lucid and Mining Companies Sign a MOU with Alaska Energy Metals

An engineer examining an electric vehicle design in a lab, showing the company's innovative battery systems.

The alliance seeks to strengthen local automotive supply chains and lessen reliance on foreign sources by utilizing U.S. natural resources. The program aligns with the “Immediate Measures to Increase American Mineral Production” Executive Order issued by President Trump in March 2025.

Gov. Katie Hobbs (D-AZ), Sen. Dan Sullivan (R-AK), and Representatives Nick Begich (R-AK) and Andy Biggs (R-AZ) were present during the official launch of MINAC on July 23, 2025. Gregory Beischer, CEO of AEMC, noted Alaska’s contribution to the significant mineral supply as well as the wider advantages of ethical domestic sourcing, including a boom in U.S. defense capabilities, better regulatory control, and job development.

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READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

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