Aqua Metals drops Lion Energy acquisition; Q1 tech milestones advance commercialization

Aqua Metals, Inc.

Will not proceed with Lion Energy acquisition under current structure; evaluating alternative capital-efficient structures.
Innovation Center surpassed 5,000 cumulative operating hours; produced battery-grade lithium carbonate from NMC/LFP feedstocks.
Produced manganese sulfate at ~99.8% purity, expanding platform to critical minerals and undersea nodules.
Advancing site selection for first commercial lithium battery recycling facility; expects to identify preferred site in coming months.
Active partnerships with 6K Energy, Westwin Elements, Impossible Metals, MOBY Robotics, American Battery Factory.

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