Aqua Metals Reaches Agreement With Sustainable Lithium-Ion Battery Recycler to Lease-to-Buy the McCarran, Nevada AquaRefinery
The agreement was reached with an entity focused on sustainable lithium-ion battery recycling methodologies.
- The agreement was reached with an entity focused on sustainable lithium-ion battery recycling methodologies.
- In addition to financial and operational benefits, this new relationship provides potential strategic opportunities for Aqua Metals going forward.
- The agreement is structured to allow Aqua Metals to retain use of a portion of the building while also receiving lease revenues commencing on April 1, 2021.
- As part of the transaction, the lessee is required to pay Aqua Metals two non-refundable cash deposits totaling $3.25 million.