Aqua Metals Inc. (AQMS) shares were rising 21.13% to trade at $1.21 in pre-market at last check. Aqua Metals (AQMS) stock lost -4.87% to close Monday’s session at $1.00. The stock volume remained 0.48 million shares, which was lower than the average daily volume of 0.71 million shares within the past 50 days.
Aqua Metals (AQMS) shares have fallen by -75.34% over the last 12 months, and they have moved down by -6.64% in the past week. Over the past three months, the stock has lost -27.62%, while over the past six months, it has shed -57.31%. Further, the company has a current market of $71.92 million and its outstanding shares stood at 75.34 million. AQMS stock is surging after achieving a significant milestone.
Which target does Aqua Metals have accomplished?
Water Metals (AQMS) is rethinking metals reusing with its licensed hydrometallurgical AquaRefining innovation. The secluded Aqualyzers neatly create super unadulterated metal each particle, in turn, shutting the supportability circle for the quickly developing energy stockpiling economy. AQMS’ contributions incorporate gear supply, benefits, and permitting of the AquaRefining innovation to recyclers across the globe. Water Metals is situated in McCarran, Nevada.
Water Metals (AQMS) has accomplished a critical achievement and possibly a significant industry forward leap by creating its first lithium hydroxide from lithium-particle battery dark mass at the Company’s Innovation Center in the Tahoe-Reno Industrial Center.
- At present, the main industrially demonstrated reusing innovation being used for lithium-particle batteries is purifying which doesn’t recuperate the lithium.
- Lithium is a basic part of the lithium-particle batteries that battery makers need to create to satisfy the need of the quickly developing electric vehicle (EV) and in general energy stockpiling markets.
- As well as delivering lithium through a patent-forthcoming exclusive cycle, AQMS’ R&D program at the Innovation Center is attempting to reuse the other key components of lithium-particle batteries like cobalt (currently plated), nickel, copper, and manganese.
- As state-run administrations and vehicle producers find ways to deliberately get rid of gas-powered motor vehicles to meet fossil fuel byproducts decrease targets, interest for lithium is taking off to where lithium deficiencies are as of now being estimated for the close to term.
- Benchmark Mineral Intelligence has anticipated that there will be intense deficiencies of lithium as soon as this year.
- The cost of lithium has likewise been significantly impacted, expanding by in excess of 300% in 2021.
- It presently remains at around $58,000 a metric ton.
- Expanded mining action alone can’t relieve the deficiencies.
- Mining is naturally expensive and requires five to seven years to get functional; reusing is basic to fulfill future needs.
How this achievement affects AQMS?
This is a significant stage in exhibiting AQMS’ exclusive Li AquaRefining process, which is earth and monetarily better than different metals reusing techniques. Water Metals’ (AQMS) objective is to deliver battery antecedent grade lithium hydroxide, and these early outcomes demonstrate the organization is on target for meeting this objective. This additionally affirms that AQMS stayed on time to begin running its pilot-scale unit before very long.
