Aqua Metals appoints Molly Zhang, Edward Smith to board » 08:0403/0203/02/21
Aqua Metals, Inc. (AQMS)…
Aqua Metals, Inc. (AQMS) announced it has appointed Molly P. Zhang, a seasoned corporate director with global chemical, industrial and cleantech expertise, and Edward Smith, CEO, President and Director of SMTC Corporation (SMTX) to its board of directors effective March 1, 2021.
|Over a week ago|
Aqua Metals files provisional patent for lithium-ion battery recycling » 08:1602/2302/23/21
Aqua Metals announced it…
Aqua Metals announced it has filed a provisional patent for recovering high-value metals from recycled lithium-ion batteries. Early phase testing shows promise for applying AquaRefining methodology, used for plating ultra-high purity lead, to plating the metals found in lithium-ion batteries such as cobalt, nickel, manganese, and lithium, the company said in a statement. Provisional patents allow up to one year to gather data in support of a formal submission of the patent. "Electric vehicles and clean energy storage will be key to the transition from our dependence on fossil fuels. This will result in millions of spent lithium-ion batteries with currently no sustainable method for recycling. We believe that expanding our patented AquaRefining hydrometallurgical approach to recycling the high-value metals of lithium-ion batteries is a smart, long-term strategy for Aqua Metals and in the best interest of our shareholders," said Steve Cotton, President and CEO of Aqua Metals. "As we designate part of our research and development budget to expand the potential of our IP, we remain squarely focused on commercializing our lead recycling business and anticipate our first licensing deal in the near future."
Aqua Metals invests $2M in LiNiCo » 06:5302/1702/17/21
Aqua Metals is expanding…
Aqua Metals is expanding into lithium-ion battery recycling by investing in LINICO Corporation. Previously, the company and LiNiCo reached a lease-to-buy agreement for the Aqua Metals' AquaRefining facility. Aqua Metals has committed a $2M investment, paid in Aqua Metals shares, for a 10% ownership in LiNiCo, as part of its strategy to strengthen growth by potentially applying AquaRefining intellectual property to lithium-ion battery recycling while meeting its lead recycling commercial guidance.
Comstock Mining secures majority interest in LiNiCo » 06:5102/1702/17/21
Comstock Mining (LODE)…
Comstock Mining (LODE) announced transactions securing the rights to a majority equity stake in LINICO Corporation , a lithium-ion battery recycling company who recently acquired a state-of-the-art battery metal recycling facility from Aqua Metals (AQMS) located in the Tahoe Reno Industrial Center in Storey County, Nevada. The Company will pay $4.5M in cash and 3M shares of its restricted common stock, representing up to $10.75M in consideration for up to a 64% ownership stake in LiNiCo. Aqua Metals is investing $2M for a 10% stake in LiNiCo. LiNiCo will use the proceeds to increase its direct strategic investment in Green Li-ion Pte, Ltd., purchase Green Li-ion's patented process equipment, with exclusive rights for the U.S. market, enabling the production of 99.9% pure lithium-ion cathodes. LiNiCo's CEO and Founder, Michael Vogel commented, "Our agreements accelerate the race towards reducing carbon emissions by valorizing critical metals and supporting the increasingly high demand for electric vehicles. Aligning ourselves with Comstock, Green Li-ion and Aqua Metals creates a unique ecosystem of complimentary companies." LiNiCo's facility was designed for, and perfectly situated to, receive, crush, and separate battery materials into black mass. Green Li-ion's technology has been proven to convert black mass into rejuvenated, high purity, battery grade metals and essentially pure cathodes for a fraction of the cost and time of conventional solutions.
Aqua Metals reaches agreement with recycler to lease-to-buy AquaRefinery » 08:4302/1602/16/21
Aqua Metals announced it…
Aqua Metals announced it has reached an agreement to lease, with additional purchase deposits to buy, its McCarran, Nevada plant, a 136,000 square foot facility located on 11.5 acres. This non-core asset disposition was driven by the Company's accelerated focus on its capital-light equipment supply and licensing strategy. The agreement was reached with an entity focused on sustainable lithium-ion battery recycling methodologies. In addition to financial and operational benefits, this new relationship provides potential strategic opportunities for Aqua Metals going forward. The agreement is structured to allow Aqua Metals to retain use of a portion of the building while also receiving lease revenues commencing on April 1, 2021. Lease payments total up to $1.9 million during the contract term. The agreement is structured as up to a two-year triple-net lease with an option to purchase the land and plant at any time. As part of the transaction, the lessee is required to pay Aqua Metals two non-refundable cash deposits totaling $3.25 million. These non-refundable deposits indicate the lessee's intention to complete the purchase. The facility's purchase price is $14.25 million if the option is exercised and the sale is completed by October 1, 2022, and increases to $15.25 million if the option is exercised and the sale is completed by March 31, 2023. The structure of the agreement will significantly reduce Aqua Metals' cash outflow related to the plant. During the term of the agreement, the recycler will be responsible for fixed costs, including maintenance, utilities, insurance, and property taxes. The lease-to-buy structure is beneficial to Aqua Metals from both a financial and operational perspective. The terms of the agreement allow the Company to continue utilizing the facility, at no cost to Aqua Metals, for its research and product development activities, including operation of the lab and use of office space.
|Over a month ago|
Aqua Metals hosts a conference call » 12:5501/2701/27/21
President & CEO…
Aqua Metals runs new methodology test to produce battery active material » 08:0501/2701/27/21
Aqua Metals announced…
Aqua Metals announced that initial testing of a new methodology for producing battery manufacturing ready active material directly from the AquaRefining process has demonstrated promising results. A provisional patent has been filed to protect the new process, which is expected to provide added economic and environmental benefits for AquaRefining licensees. The active material, lead oxide, is the key ingredient used in a battery and comprises over half of a battery's lead content.
Aqua Metals hosts a conference call » 04:5501/2701/27/21
President & CEO…
Aqua Metals hosts a conference call » 11:3201/2601/26/21
President & CEO…
Aqua Metals, BASF establish global partnership » 08:0501/2501/25/21
Aqua Metals has partnered…
Aqua Metals has partnered with BASF to supply electrolyte, cooperate commercially, and explore technical improvements to enhance AquaRefining performance. BASF will provide the initial supply of Aqua Metals' electrolyte for all new licensee facilities and will be the preferred supplier partner to all licensees for ongoing electrolyte needs. The AquaRefining electrolyte is the key chemical compound used in the AquaRefining process. BASF will offer AquaRefining to its existing and perspective battery recycling clientele and Aqua Metals will incorporate BASF product into every initial deployment and system fill. In addition, Aqua Metals and BASF plan to explore technical enhancements to further improve the electrolyte formulations.