Shares of Aqua Metals (AQMS) surged 20% when it announced that it invested in Green lithium ion recycler Linico.
Aqua Metals, Linico and Comstock Mining (LODE) and Green Li-ion plan to form an eco-network that intends to advance best-in-class technologies to recycle lithium-ion batteries at volume, both economically and sustainably.
Green Li-ion’s mission is to create a lithium-ion battery recycling technology designed to uniquely generate high-purity, high-value cathode ready material; LiNiCo, a newly capitalized cleantech aggregator focused on closed-loop lithium-ion battery recycling, Comstock Mining is engaged in the systemic valorization of critical metals and also announce an investment in Linico.
We are very pleased to work with Aqua Metals through our lease-to-buy agreement for the McCarran recycling facility, Aqua Metals’ investment in LiNiCo, and our participation in the eco-network. The shift to a sustainable clean energy economy is a global imperative, and our goal is to ensure that the recycling piece of the equation doesn’t undermine the positive potential of sustainable clean energy systems and storage. The eco-network envisions pooling resources and adopting complementary technologies to address the challenge of building a closed-loop sustainable clean energy economy.Michael Vogel, President, CEO and Founder of LiNiCo
The CEO of Aqua Metals also expressed that collaboration with innovative companies provides the best approach to solving the sustainability challenge of metals recycling.
The company plans to commercialize it’s AquaRefining technologies. According to Yole Développement, there will be about 705,000 tons of end-of-life lithium-ion batteries by 2025, and by 2040 they will hit 9 million tons per year. Aqua Metals recognizes this opportunity and intends to apply the same capital light business model we are employing for lead recycling to the challenge of lithium-ion recycling by developing an offering of equipment supply, services, and licensing to lithium-ion battery recyclers globally.