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Aqua Metals Expands Product Platform with Advancements in Nickel, MHP, and LFP Recycling; Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 20:05
Core Insights - Aqua Metals reported financial results for Q1 2025, emphasizing advancements in its AquaRefining™ technology aimed at establishing a resilient battery supply chain in the U.S. [1][2] Financial Performance - Total current assets decreased from $4,644,000 as of December 31, 2024, to $2,219,000 as of March 31, 2025 [15] - Total assets also declined from $26,365,000 to $18,065,000 during the same period [15] - The net loss for Q1 2025 was $8,315,000, compared to a net loss of $5,752,000 in Q1 2024 [16] Product and Technology Development - Aqua Metals produced initial samples of nickel carbonate and mixed hydroxide precipitate (MHP), aligning with customer specifications for battery-grade precursors [12] - The company completed a bench-scale demonstration for lithium recovery from lithium iron phosphate (LFP) batteries, which could enhance economic models by doubling lithium carbonate output [12] - Continued refinement of high-purity lithium carbonate production processes positions Aqua Metals as a preferred partner in domestic lithium production [12] Strategic Decisions - Aqua Metals agreed to sell the Sierra ARC property, which will retire all debt and generate significant cash proceeds, reducing holding costs by approximately $100,000 per month [3] - The company is exploring co-location opportunities with strategic partners to lower capital and operational expenditures [3][4] Leadership Changes - Judd Merrill will transition from CFO to a consulting role, with Eric West stepping in as the new CFO effective May 19, 2025 [5][6] - The leadership transition aims to maintain strong collaboration between operations and finance as the company scales [6] Market Positioning - The company is focused on building a flexible, high-performance battery recycling platform to adapt to the evolving lithium battery market [2] - Aqua Metals is committed to constructing its first commercial ARC and is actively engaging with potential supply and funding partners [4]
广东1.2万吨锂电回收技术改造项目获批
起点锂电· 2025-01-17 10:32
| 江门市生态环境局 | 智能搜索 | ರ | | --- | --- | --- | | 网站首页 机构概况 政务公开 政务服务 政民互动 环境质量 | 派出分目 | 专题专栏 | | 建设项目环境影响评价信息 ▲ 当前位置:首页 > 部门频道 > 江门市生态环境局 > 政务公开 > 重点领域信息公开 > 建设项目环境影响评价信息 | | | | 江门市生态环境局拟对江门市旁源宿环科技有限公司技术改造项目环境影响评价文件作出批准决定的公示 | | | | 发布时间:2025-01-08 11:47:49 来源:江门市生态环境局 字体【 大 中 小 】 分享到: ▲ | | | 资料显示,江门市芳源循环科技有限公司技术改造项目位于江门市新会区珠西新材料集聚区 (三区)。 项目将新增废旧三元锂电池拆解生产线,三元废电池包、三元废电芯的拆解处置量分别为5000 吨/年、7000吨/年。此外,项目还将对结晶生产线进行技术改造,新增硫酸镍39000吨/年、硫 酸钴18000吨/年;硫酸锰由2512吨/年增至6000吨/年。 除了拆解生产线的新增,该项目还将对现有的结晶生产线进行技术改造。改造后,生产线将新 增年产39 ...