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.
Trade with 70% Backtested Accuracy
Analyst Views on AQMS
About AQMS
About the author


Company Overview: Aqua Metals is involved in the energy sector, focusing on innovative solutions for battery recycling and energy storage.
Financial Update: The company has announced a potential increase in funding, with owners entitled to up to $65 million in additional shares.
- Aqua Metals Financial Update: Aqua Metals, a company focused on lithium-ion battery recycling, has received $25.8 million from its stockholders.
- Purpose of Funds: The funds are expected to support the company's ongoing operations and expansion in the energy sector.
Aqua Metals' Strategic Move: Aqua Metals is set to acquire a significant stake in a lithium energy company, enhancing its position in the energy sector.
Focus on Sustainable Energy: The deal emphasizes Aqua Metals' commitment to sustainable energy solutions and the growing demand for lithium in various industries.
Acquisition Announcement: Aqua Metals has entered into a term sheet to acquire Lion Energy, a leading energy storage company.
Strategic Move: This acquisition aims to enhance Aqua Metals' capabilities in the energy storage sector, aligning with their growth strategy.

- 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.

- 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.




