Aqua Metals Inc Stock Price, News & Analysis

Aqua Metals (NASDAQ: AQMS) signed a non-binding Letter of Intent with Westwin Elements to potentially supply 500–1,000 metric tons of recycled, battery-grade nickel carbonate annually, targeting U.S. domestic production.

The LOI follows product qualification and estimates approximately $12 million annual value at current nickel prices under a multi-year arrangement. Targeted delivery start is calendar year 2027, contingent on financing and commercial facility build-outs for both parties.

Aqua Metals (NASDAQ: AQMS) will host a quarterly business update conference call on Wednesday, November 12, 2025 at 4:30 p.m. ET, coinciding with its release of financial results for the third quarter ended September 30, 2025.

Investors can join the live webcast at https://event.webcasts.com/aqms or via the investor relations site at https://ir.aquametals.com/. Audio dial-in numbers and replay instructions with passcode 13754150 are provided for live and recorded access.

Aqua Metals (NASDAQ: AQMS) and MOBY Robotics signed a Memorandum of Understanding on November 3, 2025 to evaluate sustainable refining of deep-sea polymetallic nodules.

The MOU targets use of Aqua Metals’ low-temperature AquaRefining™ process to produce battery-grade nickel, cobalt, manganese and to assess recovery of rare earth elements. Aqua Metals plans bench-scale testing later in 2025 to adapt its process to nodule feedstock. The collaboration is exploratory and aims to expand a feedstock-agnostic domestic critical-minerals supply chain beyond lithium-ion recycling.

Aqua Metals (NASDAQ: AQMS) closed a $13 million registered direct offering on Oct. 20, 2025 with a prominent institutional investor via a shelf takedown.

Gross proceeds will strengthen the company's balance sheet and fund site-specific design, engineering, permitting, and pre-construction to advance commercialization of its AquaRefining™ technology. Aqua Metals is conducting due diligence on two potential ARC sites with co-location synergies for feedstock and offtake. The Benchmark Company LLC served as sole placement agent.

The company positions its process as a domestic recycling alternative capable of producing battery-grade lithium carbonate, nickel, cobalt, and other battery metals to support U.S. critical-minerals initiatives.

Aqua Metals (NASDAQ: AQMS) announced a registered direct offering and concurrent private placement raising approximately $13 million in gross proceeds through the sale of 1,133,794 shares of common stock and/or prefunded warrants at a purchase price of $11.34 per share/prefunded warrant.

The company also issued unregistered warrants to purchase up to 1,133,794 shares at an exercise price of $11.34, exercisable for five years. The offering is expected to close on October 16, 2025. Net proceeds are intended for working capital and general corporate purposes. Benchmark Company LLC acted as sole placement agent. The registered shares were offered under an effective Form S-3 shelf registration declared effective on October 19, 2022.

Aqua Metals (NASDAQ: AQMS) announced its participation in The Battery Show North America, scheduled for October 6-9, 2025, in Detroit, Michigan. The company's VP of Commercial, David Regan, will join a panel discussion on "Critical Minerals and Trade Policy."

The event will provide Aqua Metals opportunities to engage with OEMs, cell manufacturers, and key industry players to advance commercial relationships and strategic partnerships. The company's AquaRefining™ technology focuses on sustainable recycling of critical minerals from end-of-life batteries and manufacturing scrap, with plans for their first commercial-scale facility to process black mass into battery-grade materials.

Aqua Metals (NASDAQ: AQMS) has signed a Memorandum of Understanding (MOU) with Impossible Metals to develop a sustainable U.S. critical minerals supply chain. The partnership combines Impossible Metals' selective seabed mineral collection technology with Aqua Metals' AquaRefining™ platform.

The collaboration aims to establish a domestic supply chain for essential resources including nickel, cobalt, copper, manganese, and rare earth elements. Impossible Metals will utilize its Eureka III autonomous underwater robotics platform for nodule collection, while Aqua Metals will leverage its proven expertise in delivering battery-grade materials through its low-carbon, closed-loop refining process.

Aqua Metals (NASDAQ: AQMS), a sustainable lithium battery recycling company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company achieved this through a reverse stock split executed on July 31, 2025, following a non-compliance notification received on July 2, 2025.

The company's stock maintained the required closing bid price above $1.00 per share for the necessary consecutive trading days, leading to Nasdaq's confirmation of compliance. CEO Steve Cotton emphasized this as a validation milestone, positioning the company to engage with broader institutional and strategic stakeholders.

Aqua Metals is now focusing on developing its first AquaRefining™ Campus, building feedstock and offtake partnerships, and pursuing joint venture and licensing opportunities to strengthen the domestic battery materials supply chain.

Aqua Metals (NASDAQ: AQMS), a sustainable metals recycling company, reported significant progress in Q2 2025. The company achieved a breakthrough in producing lithium carbonate with less than 30 ppm fluorine content, meeting stringent industry standards. Key operational milestones include producing over 1 metric ton of NMC mixed hydroxide cake and initiating sodium sulfate regeneration trials.

Financial achievements include the $4.3 million sale of the Sierra ARC facility, elimination of all long-term debt, and increased cash position from $1.6M to $1.9M. The company demonstrated cost competitiveness with Chinese recyclers and began designing a scalable facility capable of processing 10,000 to 60,000 metric tons of black mass annually.