Successful Funding Efforts
Aqua Metals strengthened its balance sheet with $17.1 million in new funding, providing multiple quarters of strategic runway and flexibility.
Technology Advancements
Aqua Metals successfully processed one metric ton of lithium iron phosphate cathode scrap at pilot scale, producing battery-grade lithium carbonate, a first in the industry.
Strategic Partnerships
The company expanded its commercial pathways with MOUs with Moby Robotics and Impossible Metals, and an LOI with Westwind Elements for potential delivery of recycled nickel carbonate.
Improved Financial Performance
Year-to-date net loss improved to $12.3 million from $19.2 million in the previous year, a reduction of more than one-third.
Nasdaq Compliance
Aqua Metals regained compliance with Nasdaq listing requirements, strengthening its market position.