Aqua Metals And 6K Energy Sign Strategic Supply Agreement To Establish North America's First Sustainable Lithium Battery Supply Chain
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals (NASDAQ:AQMS) and 6K Energy have signed a strategic supply agreement to create North America's first sustainable lithium battery supply chain. Aqua Metals will supply sustainably recycled battery materials to 6K Energy, which will use them to manufacture low-carbon cathode active material. This collaboration aims to support the US's efforts to expand manufacturing capabilities and establish resilient supply chains while reducing carbon emissions. The materials supplied under this agreement are estimated to be worth over $50 million annually once both companies' facilities reach capacity. The partnership also aligns with the Inflation Reduction Act, offering domestic content incentives.

March 26, 2024 | 12:15 pm
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Aqua Metals enters a strategic partnership with 6K Energy to supply recycled battery materials for North America's first sustainable lithium battery supply chain, potentially boosting its revenue by over $50 million annually upon reaching full capacity.
The strategic partnership with 6K Energy positions Aqua Metals at the forefront of the sustainable battery supply chain in North America, potentially increasing its revenue significantly once full capacity is reached. This collaboration not only enhances Aqua Metals' market position but also aligns with growing regulatory and consumer demand for sustainable and domestically produced battery materials. The estimated value of materials supplied under this agreement, more than $50 million annually, indicates a substantial financial impact, justifying a positive outlook on AQMS's short-term stock performance.
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