A lot of progress has been made here at Aqua Metals in the past few months! Here are some of the biggest announcements in Q3:
Bolstered financial strength: Fortified financial strength with several successful balance sheet transactions, including an equity raise, and strategic investment and partnership with Yulho Co., Ltd., which provided over $25 million in gross proceeds to Yulho.
Dragonfly Energy: Supplied Dragonfly Energy with battery-grade recycled lithium hydroxide, which was used to manufacture a successfully cycle-tested lithium-based battery cell.
6K Energy: Advanced the ongoing strategic partnership with 6K Energy and signed a multi-part memorandum of understanding (MOU) as the companies plan co-located facilities to build the first circular supply chain of critical minerals for lithium battery production in the U.S.
Awards & Recognition: Aqua Metals received a ‘Leader in Sustainability’ award from the Economic Development Authority of Western Nevada (EDAWN), along with commendations from U.S. Senator Catherine Cortez-Masto, Mark Amodei, and Lt. Governor Stavros Anthony for the company’s sustainable lithium recycling solution.
New Board Member: As part of the equity investment and partnership with Yulho, Steve Cotton has joined the board of Yulho and Dr. Sung Yi has joined the board of Aqua Metals. Dr. Sung Yi brings 30 years of experience in battery and fuel cell engineering and currently serves as Professor Emeritus for Chemical Engineering and Collaboration Professor for Battery Engineering at Hanyang University, Seoul, South Korea.