Aqua Metals

Aqua Metals is in the final due diligence phase and is negotiating to buy an industrial property (“Headwaters ARC”) near several LFP plants to build a commercial battery recycling facility. Plans call for pre-processing systems to produce black mass and aluminum and copper concentrates, followed by AquaRefining recovery of battery‑grade lithium carbonate and iron phosphate. A decision on the development path is expected this quarter, subject to negotiations, financing and permits; the company is considering third‑party capital models due to high cash burn. » More on de.investing.com

Aqua Metals presented its patented AquaRefining technology, which after more than 4,000 operating hours reportedly runs without the use of costly reagents and delivers a 98% lower greenhouse gas footprint compared with standard hydrometallurgy. At full capacity, processing costs are said to be about 97% of the Chinese level (versus 216% for conventional methods), achieved mainly by eliminating hydroxide, peroxide and acid costs. The company plans to commercialize scalable ARC plants, relies on partnerships (including 6K Energy and American Battery Factory) and is reviewing the acquisition of Lion Energy to boost near-term revenue. Aqua Metals reported the retirement of long-term liabilities, $10.8 million in cash and a 14.13% after-hours stock increase; industrial large-scale validation and financing risks remain. » More on de.investing.com

Aqua Metals reports advances in technology development and pilot processing of lithium iron phosphate as well as production of lithium carbonate with fluorine <30 ppm and active cathode material from recycled nickel. The company closed supply agreements with 6K Energy and other cooperation deals, obtained a U.S. patent and, after a stock split, again meets the NASDAQ minimum requirement. Financials remain strained: cash on hand of $10.8 million, a 2025 net loss of $22.6 million, rapid cash outflows and a sharply fallen share price near its 52-week low; due diligence for a possible transaction with Lion Energy is ongoing. » More on de.investing.com