Aqua Metals, Inc. (AQMS) stock prices were up 4.13% shortly after market trading commenced on July 29th, 2021, bringing the price per share up to USD$2.40 early on in the trading day.
Partnership with ACME Stock
July 29th 2021 saw AQMS stock announce the signing of a definitive agreement with ACME Metal Enterprise which would see the deployment and licensing of AquaRefining equipment at its Taiwan facility. Both companies signed a Letter of Intent on July 1st 2021, with the provision of 60 days to reach a definitive agreement. Despite this, the companies signed the contract in less than a month.
Details of the Collaboration
The agreement also serves to define a phased deployment of AquaRefining technology, as well as provisions for ACME to work with AQMS and one or more large battery manufacturers. The partnerships will see the collaborative partners working to develop a second methodology to produce oxide directly from AquaRefined material. This will enable the significant improvement of economic costs, safety, environmental impact while streamlining the link between battery recycling and new battery manufacturing.
Scope of AQMS Stock’s Partnership
ACME is currently known for refining lead bullion into lead alloys for sale to global battery manufacturers. These relationships will allow the company to make use of AquaRefining as the only proven environmentally-friendly method for the recycling of lead in the largest and fastest-growing lead recycling market in the world. AQMS stock plans to commence shipping Aqualyzers, while supporting equipment to its partner company over the course of the upcoming quarter for the first phase of its deployment. The deployment is anticipated to commence operation by the fourth quarter of 2021.
Expanding Market Footprint
The Aqualyzers will facilitate ACME’s production of ultrapure lead metal in Taiwan with significantly improved emissions and worker safety. The partnership includes the joint development of a process for converting the ultra-high purity AquaRefined briquettes into lead oxide with the use of a ball mill that ACME will have the rights to. AQMS stock announce in January 2021 that it had developed a process for converting briquettes into lead oxide through the Barton pot method (melting).
Future Outlook for AQMS Stock
Armed with the expansive scope afforded to it by its most recent partnership agreement, AQMS stock is poised to capitalize on the opportunities it finds at its disposal. The company is keen to expand and consolidate its collective market footprint, with investors hoping this will result in significant and sustained increases in shareholder value.
