Aqua Metals Enters Letter of Intent with Westwin Elements
Letter of Intent: Aqua Metals has signed a non-binding Letter of Intent with Westwin Elements to potentially supply up to 1,000 metric tons of recycled nickel carbonate annually, valued at approximately $12 million based on current nickel prices.
Successful Qualification: Aqua Metals' nickel carbonate product has successfully passed Westwin's testing and approval process, produced using AquaRefining technology from lithium-ion battery black mass.
Commitment to Domestic Production: The LOI signifies a shared commitment to establish a domestic source of nickel carbonate to support U.S. industrial and battery manufacturing needs.
Future Plans: Product delivery is targeted to commence in 2027, pending financing and the completion of commercial facilities by both parties.
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Aqua Metals (AQMS) Signs Multi-Year Supply Agreement with 6K Energy, Expected Annual Value in Tens of Millions
- Supply Agreement Signed: Aqua Metals' multi-year supply agreement with 6K Energy establishes a framework for battery-grade nickel metal and lithium carbonate, expected to generate tens of millions in annual value, enhancing the company's commercialization capabilities within the U.S. battery supply chain.
- Positive Market Reaction: Aqua Metals' stock rose 5.19% to $6.48 amid a broader market uptrend, indicating that the stock is moving in sync with favorable market conditions and reflecting investor confidence in its future growth.
- Mixed Technical Indicators: While Aqua Metals is currently trading 13.7% above its 20-day simple moving average, it remains 6.8% below its 100-day SMA, suggesting short-term strength but longer-term challenges ahead.
- Optimistic Analyst Ratings: The stock carries a Buy rating with an average price target of $16.40, with Benchmark analysts raising their target to $12.00, indicating a positive outlook for its future performance.

Data I/O Appoints Edward Smith as Board Chair and Steven Waszak as Independent Director
- Board Leadership Change: Edward Smith has been appointed as Chair of Data I/O's Board, aimed at strengthening leadership to support market expansion and enhance corporate governance.
- Independent Director Addition: Steven Waszak will join the Board effective December 3, 2025, increasing the number of independent directors to five, further enhancing the Board's independence and expertise.
- Board Size Expansion: The appointments increase the Board's size from five to six members, reflecting the company's commitment to a diverse leadership team to drive strategic growth.
- Rich Industry Experience: Both new Chair Smith and Independent Director Waszak bring over 25 years of industry experience, which is expected to significantly support the company's organic and inorganic growth strategies.









