Business
Aqua Metals Advances Key Strategic Initiatives During Second Quarter 2022
Company remains on plan for revenue generation in 2023 Second Quarter and Recent Highlights: Aqua Metals has successfully recovered all the high-value metals
About this update from Aqua Metals, Inc.
[{"type":"text","content":"Company remains on plan for revenue generation in 2023\nSecond Quarter and Recent Highlights: Aqua Metals has successfully recovered all the high-value metals from used lithium-ion batteries, including high purity lithium hydroxide, copper, nickel, cobalt, and manganese dioxide.Proved at bench scale our clean and economical metals recycling process. Initiated the deployment of our first lithium-ion recycling pilot operation at our Innovation Center in Tahoe-Reno Industrial Center, which will begin operations later this year.Signed a Letter of Intent with Dragonfly Energy Corporation, a leader in lithium-ion deep cycle batteries, Dragonfly would purchase commercial quantities of lithium hydroxide for ongoing development of solid state lithium-ion battery technologies and future manufacturing activitiesAquaRefining equipment arrived at our first international partner, ACME Metals Enterprise in Taiwan, with commissioning expected later in Q3.100% of our operations, including offices and the Innovation Center, are and will be 100% powered by renewable energy, reinforcing Aqua Metals’ commitment to the environment. RENO, Nev., July 21, 2022 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals\" or the \"Company”), which is reinventing metals recycling with its AquaRefining™ technology, today announced results for the second quarter ended June 30, 2022. “We are developing what we believe is the cleanest and most cost-efficient lithium-ion battery recycling solution that is fundamentally non-polluting, offering a competitive superior metals recycling solution,” commented Steve Cotton, President and Chief Executive Officer. “Our progress in the second quarter reinforces our confidence in our path to revenue, through multiple financial strategies and partnerships designed to rapidly grow our business.” The research team at the Aqua Metals Innovation Center in the Tahoe-Reno Industrial Center is continuing to advance research and development initiatives to further differentiate the Company’s technology. During the quarter, the Company announced that it had plated high purity cobalt and produced manganese dioxide from lithium-ion battery black mass. With the production of these two materials, the Company has successfully recovered all the high-value metals from used lithium-ion batteries, including lithium hydroxide, copper, ...