- Aqua Metals ( NASDAQ: AQMS ) entered into a non-binding letter of intent for supplying lithium hydroxide to Dragonfly.
- Under the agreement, Dragonfly would purchase commercial quantities of lithium hydroxide from Aqua Metals to support the company's ongoing development of its solid state lithium-ion battery technologies and future manufacturing activities, as well as providing recycling services.
- The company expects to commence production of its solid-state pilot line in 2023, with a supply of lithium hydroxide from Aqua Metals to commence at the time of full-scale manufacturing.
For further details see:
Aqua Metals and Dragonfly sign LOI for supplying lithium hydroxide