Aqua Metals(US:AQMS)2025-11-12 21:15Funding and Financial Position - Aqua Metals secured $17.1 million in new funding, including $4.1 million raised during the quarter and an additional $13 million from a leading institutional investor in October[1][7]. - The company regained compliance with NASDAQ's minimum-bid requirement, maintaining its listing and investor confidence[1][7]. - Total current assets decreased from $4.644 million as of December 31, 2024, to $3.967 million as of September 30, 2025[1][15]. - Total assets decreased from $26.365 million as of December 31, 2024, to $10.504 million as of September 30, 2025[1][15]. - The net loss for the three months ended September 30, 2025, was $3.121 million, compared to a net loss of $5.210 million for the same period in 2024[1][17]. - The company reported a basic and diluted net loss per share of $2.19 for the three months ended September 30, 2025, compared to $7.64 for the same period in 2024[1][17]. - Operating expenses totaled $3.065 million for the three months ended September 30, 2025, down from $5.211 million in the same period of 2024[1][17]. Operational Achievements - The company successfully processed 1 metric ton of lithium-iron-phosphate (LFP) cathode scrap, producing battery-grade lithium carbonate, demonstrating an economically viable process for LFP feedstock[1][7]. - Aqua Metals signed two MOUs with MOBY Robotics and Impossible Metals to explore clean refining of deep-sea polymetallic nodules, positioning the company as a potential leader in sustainable processing of emerging mineral feedstocks[1][7]. - A Letter of Intent was signed with Westwin Elements for the potential supply of 500–1,000 metric tons of recycled nickel carbonate annually, potentially worth $12 million at current market prices[1][7].