Aqua Metals Inc

Aqua Metals paid off all long-term liabilities and closed 2025 with $10.8 million in cash. The company improved operating costs and reduced net loss to $22.6 million, increasing financial stability. Aqua Metals plans to commission its first commercial AquaRefining facility and is focusing on battery-grade lithium carbonate as well as nickel-cobalt products. Management cites strategic partnerships and cost discipline as key levers for commercialization. » More on de.investing.com

Aqua Metals has signed a non-binding letter of intent with Westwin Elements for the potential supply of 500–1,000 tonnes per year of high-purity recycled nickel carbonate; first deliveries are planned for 2027. The product has been qualified by Westwin and the contract could be worth about $12 million annually, but is subject to secured financing and completion of the facilities. In addition, Aqua Metals raised $13 million in a share offering, prompting Benchmark to raise its price target and bringing the company back into compliance with NASDAQ’s minimum listing requirement. » More on de.investing.com