Successful Pilot Plant Operations
Aqua Metals successfully operated its Lithium AquaRefining pilot plant for over a year, including a three-week continuous 24/7 endurance run in December, producing over 600 pounds of battery-grade lithium carbonate with purity levels exceeding 99.5%.
Significant CO2 Reduction
The AquaRefining process produces 83% less CO2 than traditional hydrometallurgical recycling methods, highlighting its environmental benefits.
Strategic Partnerships and Agreements
Aqua Metals formed a partnership with 6K Energy to provide up to 30% of recycled content for 6K's domestic cathode manufacturing facility, advancing the closed-loop battery material supply chain.
Strong Financial Positioning
The company raised approximately $50 million during the year, with a significant portion from insider support, and secured a tax abatement from the State of Nevada.
Recognition and Awards
Aqua Metals was selected by the US Department of Energy for the ACME-REVIVE program and was recognized as a Top Project of 2024 by Environment + Energy Leader.