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Metals Recycling Innovator Aqua Metals Plates High Purity Cobalt
Final Step to Deploy Lithium-ion Recycling Pilot for Operations Later This Year Now Completed RENO, Nev., June 13, 2022 (GLOBE NEWSWIRE) -- Aqua Metals, Inc.
About this update from Aqua Metals, Inc.
[{"type":"text","content":"Final Step to Deploy Lithium-ion Recycling Pilot for Operations Later This Year Now Completed\nRENO, Nev., June 13, 2022 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (\"Aqua Metals\" or the \"Company\"), a leading innovator in metals recycling with its AquaRefining™ technology, has 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, and nickel, proving at bench scale its clean and economical metals recycling process. Based on the successful results to date, the Company has initiated the deployment of a lithium-ion recycling pilot at its Innovation Center in Tahoe-Reno Industrial Center that will begin operations later this year. Unlike other recycling processes that require multiple steps to produce high purity metals, Aqua Metals has proven at bench scale that its proprietary Li AquaRefining process can produce high purity individual metals more efficiently. These metals can be sold immediately or be processed into battery cathode precursor materials for lithium-ion batteries utilizing proven methods currently in use. It is predicted that there will be 140 million electric vehicles (EV) globally by 2030, creating a massive demand for lithium-ion batteries and the critical minerals used to make them. In addition to higher costs, geopolitical risks, human rights abuses, and environmental issues associated with mining some of the metals used in lithium-ion batteries, mining alone cannot meet the supply demand of this exponentially growing market. Recycling the more than 15 million tons of lithium-ion batteries that are expected to retire between now and 2030 needs to be done sustainably to meet the carbon reduction objectives that the U.S., EU governments, and major corporations have set for themselves. Recycling also enables the retention of these strategic metals within the U.S., helping to defend against the at-risk supply chain for lithium-ion battery manufacturing. “We have proven at bench scale that we can extract high-quality metals with what we believe is the lowest environmental footprint of any lithium-ion battery recycling technology under development,” said David Regan, VP of Commercial at Aqua...