Overview

* Aqua Metals ( AQMS ) 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 ( AQMS ) 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 ( AQMS ) 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 ( AQMS ) is $7.00, about 6% above its November 11 closing price of $6.58

Press Release:

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(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.)