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Aqua Metals Develops Nickel Carbonate Product to Expand Market Reach and Maximize Process Efficiency

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Aqua Metals (NASDAQ: AQMS) has announced the development of nickel carbonate as a new product, expanding its portfolio of battery metal compounds and showcasing the adaptability of its AquaRefining™ technology. This development follows their recent achievement in developing a recycling process for lithium iron phosphate (LFP) batteries.

The company's innovative process enables the recovery and conversion of materials into high-purity nickel carbonate, which is in high demand globally for battery and metallurgical applications. The product can be further processed into pure nickel metal or converted into nickel oxide for the steel industry, allowing Aqua Metals to serve multiple industrial sectors.

This innovation aligns with Aqua Metals' strategy to scale the production of battery-grade lithium, nickel, cobalt, and manganese materials while advancing off-take discussions and project financing.

Aqua Metals (NASDAQ: AQMS) ha annunciato lo sviluppo del carbonato di nichel come nuovo prodotto, ampliando il suo portafoglio di composti di metalli per batterie e dimostrando la versatilità della sua tecnologia AquaRefining™. Questo sviluppo segue il recente successo nell’elaborazione di un processo di riciclo per batterie al litio ferro fosfato (LFP).

Il processo innovativo dell'azienda consente il recupero e la trasformazione dei materiali in carbonato di nichel ad alta purezza, molto richiesto a livello globale per applicazioni nelle batterie e nella metallurgia. Il prodotto può essere ulteriormente lavorato per ottenere nichel metallico puro oppure convertito in ossido di nichel per l’industria siderurgica, permettendo ad Aqua Metals di servire diversi settori industriali.

Questa innovazione è in linea con la strategia di Aqua Metals di aumentare la produzione di materiali di qualità per batterie a base di litio, nichel, cobalto e manganese, oltre a progredire nelle trattative per l’acquisizione e nel finanziamento dei progetti.

Aqua Metals (NASDAQ: AQMS) ha anunciado el desarrollo de carbonato de níquel como nuevo producto, ampliando su portafolio de compuestos metálicos para baterías y demostrando la adaptabilidad de su tecnología AquaRefining™. Este avance sigue a su reciente logro en el desarrollo de un proceso de reciclaje para baterías de fosfato de hierro y litio (LFP).

El proceso innovador de la compañía permite la recuperación y conversión de materiales en carbonato de níquel de alta pureza, muy demandado a nivel mundial para aplicaciones en baterías y metalurgia. El producto puede ser procesado posteriormente para obtener níquel metálico puro o convertido en óxido de níquel para la industria del acero, permitiendo a Aqua Metals atender múltiples sectores industriales.

Esta innovación se alinea con la estrategia de Aqua Metals de escalar la producción de materiales para baterías a base de litio, níquel, cobalto y manganeso, mientras avanza en las negociaciones de suministro y financiamiento de proyectos.

Aqua Metals (NASDAQ: AQMS)탄산 니켈을 신제품으로 개발했다고 발표하며, 배터리 금속 화합물 포트폴리오를 확장하고 AquaRefining™ 기술의 적응력을 보여주고 있습니다. 이번 개발은 리튬 인산철(LFP) 배터리 재활용 공정 개발에 성공한 이후의 성과입니다.

회사의 혁신적인 공정은 원료를 고순도 탄산 니켈로 회수 및 전환할 수 있게 하며, 이는 전 세계적으로 배터리 및 야금 분야에서 높은 수요를 보이고 있습니다. 이 제품은 순수 니켈 금속으로 추가 가공하거나 철강 산업용 니켈 산화물로 전환할 수 있어 Aqua Metals가 다양한 산업 부문에 서비스를 제공할 수 있게 합니다.

이 혁신은 리튬, 니켈, 코발트, 망간 등 배터리 등급 소재 생산을 확대하고, 공급 계약 협상 및 프로젝트 자금 조달을 진전시키려는 Aqua Metals의 전략과 부합합니다.

Aqua Metals (NASDAQ : AQMS) a annoncé le développement du carbonate de nickel en tant que nouveau produit, élargissant ainsi son portefeuille de composés métalliques pour batteries et montrant la flexibilité de sa technologie AquaRefining™. Cette avancée fait suite à leur récente réussite dans le développement d’un procédé de recyclage pour les batteries lithium fer phosphate (LFP).

Le procédé innovant de l’entreprise permet de récupérer et de convertir les matériaux en carbonate de nickel de haute pureté, très demandé à l’échelle mondiale pour les applications dans les batteries et la métallurgie. Le produit peut être ensuite transformé en nickel métallique pur ou converti en oxyde de nickel pour l’industrie sidérurgique, permettant à Aqua Metals de desservir plusieurs secteurs industriels.

Cette innovation s’inscrit dans la stratégie d’Aqua Metals visant à augmenter la production de matériaux de qualité batterie à base de lithium, nickel, cobalt et manganèse, tout en faisant progresser les négociations d’approvisionnement et le financement des projets.

Aqua Metals (NASDAQ: AQMS) hat die Entwicklung von Nikkelcarbonat als neues Produkt angekündigt und erweitert damit sein Portfolio an Batteriemetallverbindungen und demonstriert die Anpassungsfähigkeit seiner AquaRefining™-Technologie. Diese Entwicklung folgt auf den jüngsten Erfolg bei der Entwicklung eines Recyclingprozesses für Lithium-Eisenphosphat-(LFP)-Batterien.

Der innovative Prozess des Unternehmens ermöglicht die Rückgewinnung und Umwandlung von Materialien in hochreines Nickelcarbonat, das weltweit für Batterie- und metallurgische Anwendungen stark nachgefragt wird. Das Produkt kann weiterverarbeitet werden, um reines Nickelmetall herzustellen oder in Nicke loxid für die Stahlindustrie umgewandelt zu werden, wodurch Aqua Metals mehrere Industriezweige bedienen kann.

Diese Innovation entspricht der Strategie von Aqua Metals, die Produktion von batterietauglichen Lithium-, Nickel-, Kobalt- und Manganmaterialien hochzufahren und gleichzeitig Verhandlungen über Abnahmeverträge und Projektfinanzierungen voranzutreiben.

Positive
  • Development of new high-value product (nickel carbonate) expanding revenue potential
  • Technology demonstrates versatility with multiple end-product options
  • Positions company to serve both battery and steel industry markets
  • Strengthens domestic critical minerals supply chain capability
Negative
  • None.

Insights

Aqua Metals' development of nickel carbonate represents a strategic product expansion that enhances the company's market positioning in the battery recycling ecosystem. This development demonstrates meaningful technical versatility of their AquaRefining platform beyond their initial capabilities.

The significance lies in the dual-market potential - nickel carbonate can serve both the growing battery supply chain and metallurgical applications, providing Aqua Metals with revenue diversification. By creating multiple pathways for their nickel output (carbonate, metal, or oxide), the company gains flexibility to adapt to market pricing dynamics and demand shifts.

This product addition aligns with global battery supply chain pressures where manufacturers seek stable domestic sources of critical materials. The company's ability to recover and convert materials into battery-grade compounds positions them as a potential solution for circular economy requirements increasingly mandated in battery regulations.

The timing is strategic as battery manufacturers intensify focus on nickel-containing chemistries alongside LFP batteries. By developing capabilities for both, Aqua Metals avoids being dependent on a single battery chemistry trend.

For a company with a modest $13.3 million market capitalization, expanding product capabilities and advancing off-take discussions represent meaningful progress toward commercialization. However, the announcement lacks specifics on production volumes, purity levels achieved, or timelines for commercial scale, which will ultimately determine revenue impact.

RENO, Nev., April 15, 2025 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling, today announced the development of a new product — nickel carbonate — expanding the company’s portfolio of high-value battery metal compounds and demonstrating the adaptability of its patented AquaRefining™ process.

As global battery markets evolve and diversify, Aqua Metals continues to lead with flexible, forward-looking solutions designed to meet the needs of the supply chain both today and tomorrow. The company recently announced its achievements in developing a novel recycling process for lithium iron phosphate (LFP) batteries and continues to diversify both its feedstock and product capabilities. The company’s innovative process now allows for recovery and conversion into high-purity nickel carbonate, a material increasingly in demand across multiple regions globally, where carbonate forms are high value for battery and metallurgical applications.

“Our ability to develop and qualify new products like nickel carbonate is a direct reflection of Aqua Metals’ adaptable technology and deep expertise in critical materials,” said Steve Cotton, President and CEO of Aqua Metals. “As the market shifts, we are well-positioned to respond quickly — turning byproducts into revenue streams and continuing to deliver sustainable, U.S.-based solutions for battery recycling.”

Nickel carbonate can be further processed into pure nickel metal for various applications or converted into nickel oxide, a critical input for the steel industry — offering Aqua Metals strategic optionality to serve multiple industrial sectors.

“Developing a high-purity nickel carbonate product as an additional battery material resource Aqua Metals can offer battery manufacturers is a testament to the power and flexibility of our technology,” said Ben Taecker, Chief Operations and Engineering Officer at Aqua Metals. “Our team continues to find new ways to optimize recovery, reduce waste, and respond to real-time market needs — all while maintaining our commitment to clean, low-impact processes.”

This product innovation aligns with Aqua Metals’ broader strategy to scale the production of battery-grade lithium, nickel, cobalt, and manganese materials with its patented AquaRefining technology. As the company advances off-take discussions and project financing, the introduction of nickel carbonate underscores Aqua Metals’ momentum in building a robust, diversified domestic supply chain for critical minerals essential to the advanced energy economy.

About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metals recycling with its patented AquaRefining™ technology. The Company is pioneering a sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. AquaRefining™ is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. Aqua Metals is based in Reno, NV and operates the first sustainable lithium battery recycling facility at the Company’s Innovation Center in the Tahoe-Reno Industrial Center. To learn more, please visit www.aquametals.com.

Aqua Metals Social Media

Aqua Metals has used, and intends to continue using, its investor relations website (https://ir.aquametals.com), in addition to its X, Threads, LinkedIn and YouTube accounts at https://x.com/AquaMetalsInc (@AquaMetalsInc), https://www.threads.net/@aquametalsinc (@aquametalsinc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/@AquaMetals respectively, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Safe Harbor

This press release contains forward-looking statements concerning Aqua Metals, Inc. Forward-looking statements include, but are not limited to, our plans, objectives, expectations, and intentions and other statements that contain words such as "expects," "contemplates," "anticipates," "plans," "intends," "believes", "estimates", "potential" and variations of such words or similar expressions that convey the uncertainty of future events or outcomes, or that do not relate to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially, including, but not limited to those risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed on March 31, 2025. Aqua Metals cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake and specifically disclaims any obligation to update or revise such statements to reflect on new circumstances or unanticipated events as they occur, except as required by law.

Contact Information

Investor Relations
Bob Meyers & Rob Fink
FNK IR
646-878-9204
aqms@fnkir.com

Media
David Regan
Aqua Metals
415-336-3553
david.regan@aquametals.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09cf52c6-e57f-4c01-a85a-d517c3a3ff7a


FAQ

What is the significance of Aqua Metals' new nickel carbonate product development for AQMS?

The development expands AQMS's product portfolio, demonstrates their AquaRefining technology's adaptability, and opens new revenue streams in battery and metallurgical applications.

How can AQMS's nickel carbonate be used in different industries?

The nickel carbonate can be processed into pure nickel metal or converted to nickel oxide for the steel industry, serving multiple industrial sectors.

What recent technological achievements has AQMS made in battery recycling?

AQMS has developed a novel recycling process for lithium iron phosphate (LFP) batteries and can now produce high-purity nickel carbonate through their AquaRefining process.

What is AQMS's strategic focus in the battery materials market?

AQMS is focusing on scaling production of battery-grade lithium, nickel, cobalt, and manganese materials while building a domestic supply chain for critical minerals.
Aqua Metals Inc

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Waste Management
Secondary Smelting & Refining of Nonferrous Metals
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United States
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