Aqua Metals Secures Offtake Path for Up to 100% of Recovered Copper and Aluminum from Project Headwaters

Published: Sep 15, 2026 09:18

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Aqua Metals has signed a non-binding five-year LOI with a Midwest metals recycler covering up to 100% of the commercially saleable recovered copper and aluminum expected from its planned Project Headwaters battery recycling facility. Based on projected volumes and current metal prices, the contemplated copper and aluminum offtake represents more than US$105 million in potential value over five years. Headwaters is designed to process lithium-ion batteries and manufacturing scrap, including large-format LFP material, with copper and aluminum separated during preprocessing for sale into U.S. recycling markets. Together with Aqua Metals' previously announced lithium carbonate offtake framework, the latest agreement establishes potential commercial outlets for all three primary Headwaters product streams before construction. The copper and aluminum LOI remains non-binding and allows 24 months for product qualification and negotiation of a definitive agreement.

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