Aqua Metals enters strategic partnership with Yulho

Aqua Metals announced it has entered into a strategic partnership with Yulho. By aligning global partnerships and shared expertise, Aqua Metals and Yulho aim to drive innovation in lithium battery recycling and set a new standard for a low-carbon, circular supply of the critical minerals that power an electrified future. Initiating the partnership, Yulho will make a strategic equity investment of $5M in Aqua Metals, underscoring Yulho’s confidence in Aqua Metals’ transformative technology and demonstrated results at its pilot-scale facility. The parties have entered into a securities purchase agreement and expect to close on the investment on or about August 4, 2023. In addition to the capital investment, the companies have entered into an agreement to negotiate and execute a definitive license agreement whereby Aqua Metals will grant Yulho a license to deploy Aqua Metals’ patented AquaRefining technology in South Korea in its own facilities. This strategic partnership is intended to capitalize on the respective strengths of Aqua Metals and Yulho.