24/7 Market News Snapshot 20 December, 2024 – Aqua Metals, Inc. Common Stock (NASDAQ:AQMS)
DENVER, Colo., 20 December, 2024 (247marketnews.com) – (NASDAQ:AQMS) are discussed in this article.
Aqua Metals, Inc. (NASDAQ:AQMS) has recently experienced a significant surge in its stock price, soaring by 75.6% during the trading session. The stock opened at $1.93 and reached an impressive peak of $3.073, following a previous close of $1.750. This remarkable increase reflects heightened investor enthusiasm and interest in the company’s innovative approach to sustainable battery recycling. With trading volume reaching 853.45K, market participants are keenly observing this pivotal moment for Aqua Metals.
In addition to the stock performance, the company has made substantial strides at its pilot facility, where its proprietary Li AquaRefining™ process has demonstrated superior operational capabilities. Following a successful multi-week continuous operation campaign in December, Aqua Metals achieved exceptional recovery rates of over 99% for critical minerals such as lithium, cobalt, and nickel from recycled black mass. This campaign resulted in the production of over 600 lbs. of battery-grade lithium carbonate, along with impressive purity standards exceeding 96.5% for nickel and 99% for cobalt. The facility operated with over 90% uptime, highlighting its reliability for future scalability.
Steve Cotton, President and CEO of Aqua Metals, emphasized the company’s commitment to transforming sustainable lithium battery recycling, stating, “We are dedicated to supplying high-quality battery metals to meet the growing demands of manufacturers while adhering to sustainability practices.” To support these advancements, Aqua Metals secured a $1.5 million bridge loan, with considerable participation from management and board members, reinforcing confidence in the company’s trajectory.
As the demand for electric vehicles and clean energy solutions continues to rise, Aqua Metals is strategically positioning itself to enhance domestic recycling capabilities, with further updates on financing and operational developments expected soon.