RecycLiCo and Alaska Energy Metals Collaborate to Test Proprietary Processing Methods on the Polymetallic Eureka Deposit, Nikolai Nickel Project, Alaska

VANCOUVER, British Columbia, Oct. 27, 2026 -- RecycLiCo Battery Materials Inc. (“RecycLiCo”) (TSX.V: AMY | OTCQB: AMYZF | FSE: ID4), a critical mineral refining and lithium-ion battery upcycling company, and Alaska Energy Metals Corp. (“AEMC”) (TSX.V: AEMC | OTCQB: AKEMF | FRA: V7F) are pleased to announce the commencement of testing of metal concentrate samples derived from drill core from the 2023-2024 exploration campaigns at the polymetallic Eureka deposit, located at AEMC’s Nikolai Nickel Project in Alaska. The work is being done at RecycLiCo’s laboratory in Delta, BC, in accordance with a protocol prepared by RecycLiCo and approved by AEMC. Testing is in furtherance of the previously announced memorandum of understanding (“MOU”) between AEMC and RecycLiCo’s U.S. subsidiary to assess the ways in which RecycLiCo’s hydrometallurgical processing technology could be used in refining the output from the Eureka deposit, which contains seven U.S. Government-designated Critical Minerals, including nickel, cobalt, copper, chromium, platinum, palladium, and gold (along with the non-critical mainstay metal iron). Recently reported locked cycle flotation results have proven strong recoveries of metals reporting to a bulk nickel-copper concentrate. AEMC is exploring multiple avenues for hydrometallurgical testing to determine the optimum extraction technique to achieve the highest value from downstream processing of the bulk concentrate.