Recycling firm Aqua Metals Q3 net loss drops
Aqua Metals reported a Q3 net loss of $3.1 million, an improvement from previous losses. The company raised $13 million from institutional investors for facility development and successfully processed LFP battery materials, producing battery-grade lithium carbonate. Aqua Metals aims to complete engineering for its first commercial-scale facility and plans to supply 500–1,000 metric tons of recycled nickel carbonate annually. The company has signed MOUs for deep-sea mineral exploration and has a "buy" rating from analysts, with a 12-month price target of $7.00.
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Overview
- Aqua Metals reports Q3 net loss of $3.1 mln
- Company raised $13 mln from institutional investor for commercial facility development
- Advanced pilot-scale processing of LFP battery materials, producing battery-grade lithium carbonate
Outlook
- Aqua Metals aims to complete engineering for its first commercial-scale facility
- Company plans to supply 500–1,000 metric tons of recycled nickel carbonate annually
- Aqua Metals sees opportunity in deep-sea mineral processing partnerships
Result Drivers
- LFP BATTERY PROCESSING - Successfully processed 1 metric ton of LFP cathode scrap, producing battery-grade lithium carbonate
- STRATEGIC PARTNERSHIPS - Signed MOUs with MOBY Robotics and Impossible Metals for deep-sea minerals exploration
- NICKEL SUPPLY CHAIN - LOI with Westwin Elements for potential supply of recycled nickel carbonate
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS -$2.19
Q3 Net -$3.12
Income mln
Q3 $3.07
Operatin mln
g
Expenses
Q3 -$3.07
Operatin mln
g Income
Q3 -$3.12
Pretax mln
Profit
Analyst Coverage
- The one available analyst rating on the shares is “buy”
- The average consensus recommendation for the specialty mining & metals peer group is “buy”
- Wall Street’s median 12-month price target for Aqua Metals Inc is $7.00, about 6% above its November 11 closing price of $6.58
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
