Aqua Metals in 'advanced talks' over first licensing deals for novel lead battery recycling
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New process illustrates reduced processing and materials handling. Image: Aqua Metals
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Aqua Metals has said it is now in "advanced discussions” to license the first sites to use its novel lead-acid battery recycling technology, including a potential greenfield location.
President and CEO, Steve Cotton, said talks with potential AquaRefining technology licence partners have continued to progress and "we are in advanced discussions with several strong candidates regarding AquaFit retrofits, greenfield builds and direct to oxide applications”.
Cotton said the company expected to give the market an update on the talks during this quarter.
The announcement came as the company received an initial payment of about $1.4m (about £1m) towards its business interruption insurance claim, following a fire at its Nevada plant in 2019.
'R&D; progress'
Cotton said: "We are pleased with the latest progress payments from our insurance provider and the contribution it makes to a strong financial position, which allows us to continue to operate in full on all fronts including business development, R&D;, and product development.”
Aqua Metals also confirmed that development continues, with the company currently operating two of its Aqualyzers simultaneously and "continuing to make progress in research and development related to applying AquaRefining technology to lithium-ion recycling”.
The company revealed earlier this year that it was expanding into lithium-ion recycling by investing $2m in the LiNiCo Corporation – a newly capitalised cleantech aggregator that is also leasing-to-buy Aqua Metals’ McCarran plant in Nevada.
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Aqua Metals expands into lithium recycling with investment in Comstock's LiNiCo
President and CEO, Steve Cotton, said talks with potential AquaRefining technology licence partners have continued to progress and "we are in advanced discussions with several strong candidates regarding AquaFit retrofits, greenfield builds and direct to oxide applications”.
Cotton said the company expected to give the market an update on the talks during this quarter.
The announcement came as the company received an initial payment of about $1.4m (about £1m) towards its business interruption insurance claim, following a fire at its Nevada plant in 2019.
'R&D; progress'
Cotton said: "We are pleased with the latest progress payments from our insurance provider and the contribution it makes to a strong financial position, which allows us to continue to operate in full on all fronts including business development, R&D;, and product development.”
Aqua Metals also confirmed that development continues, with the company currently operating two of its Aqualyzers simultaneously and "continuing to make progress in research and development related to applying AquaRefining technology to lithium-ion recycling”.
The company revealed earlier this year that it was expanding into lithium-ion recycling by investing $2m in the LiNiCo Corporation – a newly capitalised cleantech aggregator that is also leasing-to-buy Aqua Metals’ McCarran plant in Nevada.
Related articles in our archive:
Aqua Metals expands into lithium recycling with investment in Comstock's LiNiCo