Mr. Richard Sadowsky reports

RECYCLICO AND ALASKA ENERGY METALS COLLABORATE TO TEST PROPRIETARY PROCESSING METHODS ON THE POLYMETALLIC EUREKA DEPOSIT, NIKOLAI NICKEL PROJECT, ALASKA

Recyclico Battery Materials Inc. and Alaska Energy Metals Corp. have commenced testing of metal concentrate samples derived from drill core from the 2023 to 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, B.C., 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 United States 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.

"We are pleased to be assisting AEMC with this important phase of their Nikolai project. We expect to demonstrate the benefits of using our hydrometallurgical solutions in the recovery of high-value materials essential to the establishment of a wholly domestic critical mineral supply chain, and we look forward to our continuing collaboration as the project moves forward," said Richard Sadowsky, interim chief executive officer, Recyclico.

Alaska Energy Metals president and CEO Gregory Beischer commented: "We were invited to join Minerals for National Automotive Competitiveness (MINAC), a collaboration amongst upstream raw material suppliers, mid-stream metal refiners and end users in America's automotive industry, with the goal of creating all-American supply chains. AEMC was honoured to enter this collaborative group which includes Recyclico, Lucid and others. It is great to see tangible collaboration in action, and we are excited to see how the Recyclico process works on recovering the various metals from concentrates we have produced from the Eureka deposit."

Qualified person

Gregory Beischer, AEMC company president and chief executive officer, is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. He has prepared and is responsible for the scientific and technical information contained in this press release.

About Recyclico Battery Materials Inc.

Recyclico Battery Materials is a critical minerals refining company specializing in the use of advanced hydrometallurgical technologies for processing mined ore and the upcycling of lithium-ion battery materials. Recyclico's processes efficiently recover battery-ready lithium, cobalt, nickel, and manganese from end-of-life batteries and manufacturing scrap, supporting energy storage, as well as broader industrial applications. Recyclico's business focus aligns with the global demand for future-ready, responsible supply chains and the growing movement to strengthen domestic sourcing of critical materials.