Aqua Metals Signs Multi-Year Material Supply Agreement with 6K Energy
Aqua Metals announced the execution of a multi-year Material Supply Agreement with 6K Energy. The agreement establishes a commercial framework for the future supply of battery-grade nickel metal and lithium carbonate produced using Aqua Metals' proprietary AquaRefining process. Under the agreement, Aqua Metals and 6K Energy will align on product specifications, qualification pathways, and index-based pricing mechanisms to support the use of recycled and refined critical battery materials in domestic cathode manufacturing. The MSA has an initial three-year term and is designed to support 6K Energy's leading CAM production process as market demand is expected to accelerate later this decade. 6K will have the option to purchase AQMS' production of battery-grade nickel metal and lithium carbonate at prices based on the then current London Metal Exchange trading prices. The agreement contemplates material volumes that could represent tens of millions of dollars in annual battery-materials value, subject to qualification, market conditions, and scale-up. The MSA is being entered into by the parties with the expectation that 6K will complete its proposed battery material production facility and Aqua Metals will complete an expanded recycling facility.
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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.









