Core Insights - Aqua Metals has signed a non-binding Letter of Intent (LOI) with Westwin Elements to potentially supply up to 1,000 metric tons of recycled nickel carbonate annually, valued at approximately $12 million based on current nickel prices, highlighting the increasing demand for domestic nickel materials [1][3]. Group 1: Agreement Details - The LOI outlines plans for Aqua Metals to supply between 500 and 1,000 metric tons of high-purity nickel carbonate annually to Westwin Elements, marking a significant step towards establishing a domestic source of nickel carbonate [3]. - The targeted commencement for product delivery is set for the calendar year 2027, contingent upon securing necessary financing and completing the build-out of commercial facilities by both parties [3]. Group 2: Technological and Environmental Impact - Aqua Metals utilizes its proprietary AquaRefining™ technology to produce battery-grade nickel carbonate from lithium-ion battery black mass, which has successfully met Westwin's technical and economic criteria [2]. - This collaboration aims to advance America's critical minerals independence and promote a sustainable supply chain for nickel, reducing reliance on imports [4]. Group 3: Company Profiles - Aqua Metals is focused on revolutionizing metals recycling, delivering high-purity, low-carbon battery materials essential for sustainable energy storage, and supporting a circular supply chain for critical minerals [5]. - Westwin Elements is establishing America's first major nickel refinery, aiming to provide high-purity Class 1 nickel and specialized products for national security and industrial applications [6].

Core Insights - Energy Vault Holdings Inc. has entered into a definitive funding agreement with YA II PN, Ltd. for up to $50 million in corporate debenture financing [1] - This financing will provide additional financial flexibility at the holding company level [1] - The funding will support Energy Vault's continued growth in energy storage project development [1]