- Aqua Metals (NASDAQ:AQMS) +25.2% pre-market after announcing a partnership with BASF (OTCQX:BASFY) to supply electrolyte, cooperate commercially and explore technical improvements to enhance the performance of AquaRefining, its water-based lead recycling process.
- BASF agrees to provide the initial supply of Aqua Metals' electrolyte for all new licensee facilities and will be the preferred supplier partner to all licensees for ongoing electrolyte needs.
- Aqua Metals is now debt free, and cash on hand plus non-core asset sales will provide years of runway to pursue licensing deals without an incremental capital raise, Philaretos writes in a bullish analysis published recently on Seeking Alpha.