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From Inking New Partnerships To Hosting Federal Leaders, Dragonfly Energy Is Busy Growing The Lithium Battery Market

Benzinga

By Meg Flippin, Benzinga Saving the planet while saving companies’ money, is the mantra for Dragonfly Energy (NASDAQ: DFLI), and that was recently on display with the company announcing a series of wins this month in the lead up to the Fourth of July. Dragonfly is making a name for itself in the lithium battery market thanks to its powerful brand of batteries - Battle Born Batteries®, along with the development of a patented dry electrode cell manufacturing process. Dragonfly’s new deal with Refreshment Services Pepsi – a privately held independent bottler and distributor for Pepsi-Cola® products – underscores that. Dragonfly is providing Refreshment Services Pepsi with lithium-based liftgate power solutions, saving the bottler money and lowering emissions in comparison to using lead acid batteries. Dragonfly Energy says its lithium based Battle Born Batteries have shown in testing to outperform lead acid batteries with more liftgate cycles, a longer lifespan and a lower overall cost due to a decrease in replacement frequency and maintenance requirements. A whitepaper study conducted by Dragonfly Energy found lithium batteries outperform lead acid batteries by 54% in cycle life, requiring fewer replacements over time and thereby decreasing costs in materials, labor and vehicle downtime. By utilizing Battle Born Batteries, Refreshment Services Pepsi expects to achieve notable fuel savings due to the ability to turn off the truck engine at every stop without compromising liftgate operation. This eliminates the need to idle the engine to maintain battery power for the liftgate, resulting in significant cost reductions and environmental benefits. “Liftgates, though seemingly small, can greatly impact our business in terms of cost, sustainability and productivity,” said William Funk, delivery supervisor at Refreshment Services Pepsi. “Lead acid batteries have always presented challenges for us. Dragonfly Energy's lithium solution is not only better for the environment but also helps reduce costs.” Getting The Word Out About Its Prowess In addition to adding Refreshment Services Pepsi to its roster of big-name customers, Dragonfly Energy has also been busy laying the groundwork to expand its presence within local and federal governments. The company's long-term goal is vertical integration by infusing its battery technology with important infrastructure and workforce development initiatives. Toward that goal, Dragonfly Energy hosted an event with Gina Raimondo, the United States Secretary of Commerce, and Nevada senator Jacky Rosen, at which Rosen announced a $21 million investment in Nevada’s tech hub. The program is one of many around the country that is focused on scaling the production of critical technologies, including lithium batteries. Dragonfly Energy was selected to host the event and was highlighted as an example of the technological innovation happening in Nevada. The company was able to demonstrate to Secretary Raimondo and Senator Rosen how it is leading Nevada’s expanding lithium industry through its robust battery technology and manufacturing. “This is a vote of confidence in Nevada,” Secretary Raimondo said in her speech. “I spend all of my days thinking about how we can outcompete the world, how we can outcompete China, how America can lead in the world. And that’s what this is all about – investing in America, one community at a time, to create industries of the future.” Nevada is emerging as a key player in the lithium sector, not only housing the only currently operating lithium mine in the United States, but also boasting a robust pipeline of new projects nearing development. This includes Ioneer's Rhyoite Ridge Project, of which Dragonfly Energy has already secured an offtake agreement for critical lithium supply. Giving Back Too It's not all business for Dragonfly Energy. The company is also committed to giving back to the community, as evidenced by its partnership with the John Lennon Educational Tour Bus. Dragonfly, along with actor Jeremy Renner and his non-profit Rennervation Foundation, have brought together innovation, music and the imagination of young people in order to write, record and premiere an original song and music video. Imagine: A Musical Collaboration with Jeremy Renner was the result of two days of songwriting, recording, production and filming. The video premiered at Artown, a 31-day celebration held annually in Reno, Nevada, and the largest arts and culture festival in the western U.S. Six talented youth from Big Brothers Big Sisters of Northern Nevada joined the team from t he John Lennon Educational Tour Bus and worked alongside actor, musician and founder of the RennerVation Foundation, Renner, to complete the project. The project was hosted by Dragonfly Energy, which provided the nontoxic lithium Battle Born Batteries that power the mobile recording studio on the John Lennon Educational Tour Bus. The nonprofit mobile recording facility that provides hands-on experiences for students of all ages was transitioned to lithium power. The company says that brought a new level of sustainability, cost-savings and improved mobility and experience with additional runtime using batteries, plus extended runtime with the availability of solar power. “There are a few projects that go beyond the business side of what we do, and this is definitely one,” said Tyler Bourns, chief marketing officer for Dragonfly Energy. “We see this as our gift to the community and an opportunity to celebrate and cheer for our youth while at the same time helping a worthwhile nonprofit move toward sustainability. We hope this project has an impact beyond those involved, and together, our community can continue to encourage young minds that they can do anything.” Featured photo and other photos courtesy of Dragonfly Energy. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 08, 2024 08:45 AM Eastern Daylight Time

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This Bitcoin Miner Is Ready To Expand With Q1 Performance Review

SATO Technologies Corp.

By Johnny Rice, Benzinga Romain Nouzareth, CEO and chairperson of SATO Technologies Corp. (OTC: CCPUF) (TSXV: SATO) was recently interviewed by Benzinga. SATO is a provider of efficient computing power. The company currently operates a data center tailored to produce computing power for Bitcoin mining, but may look to expand or add additional data centers for computing power for High Performance Computing, Artificial Intelligence and Layer 2 (L2) solutions. The company just posted promising financial results for Q1 2024. Watch the full interview here: Featured photo by André François McKenzie on Unsplash. SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates a data center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Contact Details Yujia Zhai +1 860-214-0809 yujia@orangegroupadvisors.com Company Website https://www.bysato.com/

July 08, 2024 08:30 AM Eastern Daylight Time

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Benchmark International Announces the Release of Exclusive Report on the Surge of M&A Activity in the Electrical and Energy Industry

Benchmark International

Benchmark International, the #1 Sell-side Exclusive Privately-held M&A Advisor in the World, is thrilled to announce the release of an exclusive report, an eBook titled "Powering The Future: M&A Opportunities In The Evolving Energy Sector." This timely eBook delves into the transformative changes and unprecedented opportunities arising from the significant federal investments in America's electrical grid. The U.S. electrical grid, often hailed as "the greatest machine in the world," is at a critical juncture. Originally built in the mid-20th century, this vast network now faces enormous pressures from modern technological advancements such as artificial intelligence, self-driving cars, electric vehicles, and renewable energy sources. In response to these challenges, the Grid Resilience Innovative Partnership (GRIP) program marks the most significant direct federal investment in transmission and distribution infrastructure to date, with a committed $20 billion to revitalize and expand the grid. This influx of funding is not just about maintaining current capabilities; it is set to drive massive growth and innovation across the energy sector, creating fertile ground for mergers and acquisitions (M&A). The exclusive eBook explores: Historical Challenges and Future Demands: An analysis of the evolution of the U.S. electrical grid and the pressing needs driving current and future upgrades. The GRIP Program: Insights into how this landmark initiative will transform grid resilience and reliability nationwide. M&A Activity: An overview of the new wave of mergers and acquisitions driven by the need for grid modernization and the integration of cutting-edge technologies. Case Studies and Insights: Detailed case studies from recent high-profile deals, showcasing how leading companies are positioning themselves to succeed in this transformative era. We invite business owners to download and explore our eBook for a comprehensive understanding of these dynamic changes and their implications for the future. Click here for more information and to download the eBook. ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

July 08, 2024 06:00 AM Eastern Daylight Time

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New Online Casino Platform Aims to Revolutionize Player Experience with Instant Withdrawals

AM Europe

Today marks the launch of InstantCasinos.net, a one-stop platform dedicated to helping players find safe, secure, and reliable online casinos that offer instant withdrawals. Founded by a team of seasoned online casino experts with years of experience in the industry, InstantCasinos.net aims to revolutionize the way players approach online gambling. “We understand the frustration players face when it comes to waiting days or even weeks to receive their winnings,” says Kenneth Moore, founder of InstantCasinos.net. “That’s why we’ve created a platform that specifically caters to those who value speed and convenience when it comes to online casino withdrawals, InstantCasinos covers Canada to the United Kingdom which frequently have withdrawal problems.” InstantCasinos.net offers a comprehensive directory of online casinos that have been meticulously vetted for their commitment to instant payouts. The platform employs a rigorous review process that takes into account factors such as licensing, security measures, payment processing speed, and customer service reputation. “Our team has extensive experience in the online casino industry, and we leverage that knowledge to ensure players are directed to only the most reputable and trustworthy casinos,” says Kenneth Moore. “We understand the importance of player safety and security, and that’s a core principle that guides everything we do at InstantCasinos.net.” Beyond just identifying safe and secure casinos with instant withdrawals, InstantCasinos.net provides players with a wealth of valuable resources, including: In-depth casino reviews: Detailed reviews that provide players with a clear understanding of each casino's offerings, including game selection, bonuses, and withdrawal procedures. Exclusive bonus offers: InstantCasinos.net partners with reputable casinos to offer players exclusive bonus deals and promotions. Up-to-date industry news: The platform keeps players informed about the latest developments in the online casino world. About InstantCasinos.net InstantCasinos.net is a leading online platform dedicated to helping players find safe, secure, and reliable online casinos that offer instant withdrawals. Founded by a team of passionate online casino experts, InstantCasinos.net is committed to providing players with the information and resources they need to make informed decisions and have a truly enjoyable online gambling experience. Contact Details Kenneth Moore +44 7813 218131 ken@canisdigitalgroup.com

July 08, 2024 03:00 AM Eastern Daylight Time

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Stack Identity Announces Expansion of Its Identity-First Platform to Address Non-Human Identity Governance

Stack Identity

Stack Identity, a leader in identity security, announces a significant expansion of its platform to include non-human identities. This enhancement addresses the growing needs of modern enterprises in managing and securing digital identities, thereby bolstering identity security posture, threat detection, and compliance. "Bad actors are relentlessly targeting your identities, authentication processes, and IAM systems. Our platform correlates attacker enumerations and actions across IDP, cloud, SaaS, and databases to expose suspicious and malicious behavior, tackling the root causes of these exposures," said Venkat Raghavan, founder and CEO of Stack Identity. "The rise of the AI era has led to unprecedented data sharing through service principals, tokens, secrets and API keys creating significant challenges in governing non-human identities. The Stack Identity platform excels in seamlessly integrating human and non-human identities, recognizing that behind every non-human identity is a human who bears ultimate responsibility and accountability," said Al Ghous, CISO and Advisor. Key Features and Benefits Comprehensive Identity Governance: Stack Identity's platform offers the industry's first converged solution for identity security governance, integrating governance controls, workflows, access reviews, and certifications. This comprehensive approach reduces identity and entitlement sprawl, strengthens overall identity posture, and minimizes identity-related threats. Enhanced Functionality: Continuous Access Reviews and Certifications: Includes reviews for identity posture, IDP access, cloud, and SaaS admin access. Governance Controls: Introduces new controls to manage privileged accounts, reducing the risk of unauthorized access. Threat Detection and Access Graph: Features improved tools for monitoring SaaS entitlements, detecting identity threats, and visualizing access patterns. Dynamic Credential Management: Replaces static secrets with dynamic credentials to enhance security and reduce exposure risk. Lateral Movement Prevention: Implements controls to prevent unauthorized lateral movement within networks. Just-in-Time Access Controls: Converts static secrets and rarely used access to dynamic RBAC for improved security. Specialized Campaigns: Supports critical access scenarios like GitHub collaborator access, PCI DSS 4.0 compliance, and third-party data sharing. "With the surge in unprecedented data sharing, enterprises now face the challenge of managing massive entitlement sprawl as SaaS applications and customer data proliferate. Effective lifecycle management for non-human identities across cloud accounts has become essential. It’s impressive to see that Stack Identity’s platform now enables consistent management of both human and non-human identities," said Steve De Jong, Distinguished Engineer at Vercara. Company Growth and Deployment Success Remarkable Customer Growth: Stack Identity has achieved a 500% increase in its customer base, reflecting strong market demand for its solutions. Wide Deployment: The platform is now deployed across major enterprises in sectors including financial services, FinTech, cloud technology, and insurance technology. About Stack Identity Stack Identity is a pioneer in identity governance, offering innovative solutions to secure and manage digital identities across cloud and on-premises environments. The company's Identity-First Governance platform helps organizations reduce risk, ensure compliance, and strengthen their security posture. Contact Details Twinkle Khanna +1 832-878-6915 twinkle.khanna@stackidentity.com Company Website https://stackidentity.com/

July 06, 2024 09:00 AM Eastern Daylight Time

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Graphite One Study Accelerates with 75% DoD Funding

Graphite One Inc

Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) is pleased to announce a revision to the cost-share ratio governing G1's Defense Production Act grant in July 2023 to facilitate the accelerated completion of its feasibility study. This is key to progressing the company's planned 100% US-based graphite materials supply chain. The revised cost-share agreement with the DoD will increase the DoD’s share of expenditures related to Graphite One's accelerated feasibility study from 50% to 75% based on a revised contract value of $49.8M. Given this amendment, the DoD’s maximum share of the accelerated feasibility study program is now $37.3M. G1 has confirmed to the DoD's project oversight team that its Graphite Creek natural flake graphite deposit north of Nome, Alaska, remains on schedule to complete this feasibility study as planned by December 2024, subject to financing. Anthony Huston, Graphite One CEO and President, commented: "This development in our planned 100% U.S.-based graphite supply chain demonstrates the momentum Graphite One is building. For our shareholders, this means that for every dollar we spend advancing the Graphite Creek accelerated Feasibility Study, G1 receives 75% of those expenditures in DoD grant funding rather than 50% upon submission. We welcome the support of the Department of Defense as we continue our efforts to build a U.S. industrial capacity that serves the renewable energy transition, technology development, and national security." Discover more about Graphite One's plans to transform the U.S. graphite industry. Pioneering US Graphite Expansion Graphite One highlights a significant opportunity in the graphite market. The United States is 100% reliant on imports of natural graphite with much of this coming from China 1. Therefore, G1 aims to change this by creating a US-based advanced graphite supply chain solution anchored by its Graphite Creek deposit. These latest developments should help position the company in its quest to meet growing demand domestically. Graphite Creek is the largest natural graphite deposit in the U.S. "and among the largest in the world", according to the US Geological Survey 2. This deposit is the first link in G1's US graphite supply chain plan to become an American producer of high-grade anode materials that integrate with a domestic graphite resource. The second link in the plan is an advanced graphite material and battery anode material manufacturing plant in Ohio. Finally, the third component of the company’s circular economy strategy is to co-locate a recycling facility at the Ohio site to reclaim graphite and other battery materials. The execution and creation of a US-based advanced graphite supply chain solution is subject to financing. The scale of G1's Graphite Creek deposit, political support for the project, and recognition by government agencies as to its viability, also indicate the potential for long-term growth. Furthermore, government funding and investments by local and indigenous communities underscore investor confidence in Graphite One's strategy. Ultimately, G1's US supply chain initiative aligns with the Biden administration’s goal of reducing China’s dominance in critical minerals mining and refining. Demand for graphite is expected to continue to grow, with The World Bank Group forecasting a 494% rise in the graphite market by 2050 3, and a report from President Joe Biden's administration predicts a 2500% surge in demand for graphite by 2040 4. About Graphite One With the plan to create three integrated operational pillars, G1 is on a mission to become a significant player in the US graphite supply chain as its future plans are to mine, process, manufacture, and recycle graphite anode materials. It is anticipated that this will primarily supply the US lithium-ion EV battery market and energy storage systems. As set forth in the company's 2022 pre-feasibility study, graphite mineralization mined from the company’s Graphite Creek property in Alaska would be processed into concentrate at an adjacent processing plant. Then, natural and artificial graphite anode active materials and other value‐added graphite products would be manufactured from the concentrate and other materials at G1’s proposed advanced graphite materials manufacturing facility located in northeastern Ohio. Graphite One intends to make a production decision on the project upon the completion of its feasibility study. Company CEO and President Anthony Huston recently attended a White House meeting on investment and job creation 5, including the strategic Critical Mineral sector. Huston was among a select group of company leaders invited to the event by President Joseph R. Biden. G1's management team excels in mine construction, process control design, and facility management. Their extensive expertise ensures efficient operations and a commitment to cost efficiency to maximize profitability. Graphite One has assembled a team of individuals who are not just capable but are ready to drive business growth and deliver enduring value to stakeholders over the long term. Discover more about Graphite One's plans to transform the U.S. graphite industry. Data Sources: S&P Global Mobility. BriefCASE: US facing challenges in its attempts to diversify its graphite supply chain, March 20, 2024. https://www.spglobal.com/mobility/en/research-analysis/us-graphite-supply-chain-expansion-dimming-import-needs.html U.S. Geological Survey. Insights into the metamorphic history and origin of flake graphite mineralization at the Graphite Creek graphite deposit, Seward Peninsula, Alaska, USA, February 27, 2023. https://link.springer.com/article/10.1007/s00126-023-01161-3 World Bank Group. Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition, 2020. https://pubdocs.worldbank.org/en/961711588875536384/Minerals-for-Climate-Action-The-Mineral-Intensity-of-the-Clean-Energy-Transition.pdf Whitehouse.gov. Building Resilient Supply Chains, Revitalizing American Manufacturing, And Fostering Broad-Based Growth, June 2021. https://www.whitehouse.gov/wp-content/uploads/2021/06/100-day-supply-chain-review-report.pdf Graphite One Inc. Graphite One CEO and President, Anthony Huston, Invited by President Biden to White House Investment and Job Creation Session; White House Sets 25% Tariff on Chinese Graphite. May 15, 2024. https://www.graphiteoneinc.com/graphite-one-ceo-and-president-anthony-huston-invited-by-president-biden-to-white-house-investment-and-job-creation-session-white-house-sets-25-tariff-on-chinese-graphite/ IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Graphite One Inc. to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of fifty thousand US dollars per month for a 12-month period starting 24 April 2024 until 23 April 2025 to produce and disseminate this and other similar articles and certain related banner advertisements. 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Past performance is not an indicator of future performance.ValueTheMarkets do not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above. Contact Details ValueTheMarkets +44 141 530 4080 editor@valuethemarkets.com Company Website https://www.valuethemarkets.com

July 05, 2024 11:34 AM Eastern Daylight Time

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CVW CleanTech discusses groundbreaking tailings reprocessing technology

CVW CleanTech Inc

CVW CleanTech (TSX-V:CVW, OTCQX:CVWFF) CEO Akshay Dubey discussed the company's innovative technology aimed at reprocessing tailings from oil sands mining with Proactive's Stephen Gunnion. Dubey explained that the process recovers valuable hydrocarbons, zircon, and titanium from waste, significantly reducing fugitive methane emissions by over 90% and aiding in environmental remediation. CVW CleanTech targets Alberta's oil sands mining sector, particularly six major sites operated by Imperial Oil, Canadian Natural Resources, and Suncor, which collectively produce about 1.5 million barrels of oil daily. Dubey highlighted CVW CleanTech's contribution to meeting environmental, social, and governance (ESG) goals, aiding oil companies in achieving net-zero emissions by 2050. The technology also addresses the sustainability of tailings ponds, the largest source of fugitive methane emissions in Canada. The company has formed a partnership with local indigenous communities, providing them with investment opportunities and ownership stakes, fostering social and economic benefits. Additionally, a collaboration with the University of Alberta aims to develop processes for recovering rare earth elements, such as monazite, further enhancing the company’s environmental impact. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 05, 2024 09:52 AM Eastern Daylight Time

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Group Eleven hopeful for a second major discovery at Carrickittle West prospect in Ireland

Group Eleven Resources Corp

Group Eleven Resources Corp (TSX-V:ZNG) CEO Bart Jaworski joined Proactive's Stephen Gunnion with news that the company hopes for a second major zinc discovery at its Carrickittle West prospect in the Republic of Ireland. Jaworski said initial drilling at Carrickittle West indicated substantial intervals of sulphide mineralization, with evidence of a major fault which may be crucial for mineralization. The company plans a 1,700m drill program, aiming to complete it by year-end, He also highlighted the company's first significant zinc-lead discovery in Ireland, Ballywire, with 29 drilled holes showing mineralization over a 2.6 km strike length, within a 6 km prospective trend. The most notable result was 30m of 11% zinc and 80g/t silver. Glencore is the largest shareholder, with Michael Gentile also holding a significant stake. Jaworski elaborated on the bullish outlook for zinc, driven by global supply constraints and reduced treatment charges, indicating a tight concentrate market. Upcoming news includes drill results from Ballywire and Carrickittle West, suggesting a busy second half of the year for Group Eleven Resources. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 05, 2024 09:49 AM Eastern Daylight Time

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Aqua Metals Initiates $33M Loan Agreement To Fund Commercial-Scale Lithium Battery Recycling Plant

Benzinga

By James Blacker, Benzinga Nevada-based Aqua Metals (NASDAQ: AQMS) has taken a critical step toward launching its first commercial-scale lithium battery recycling operation. In a press release on May 15, the company said it signed a non-binding term sheet with “one of the world’s largest privately held companies.” The $33 million credit facility would complete phase one of the company’s Sierra AquaRefining Campus (ARC). The signing of the agreement comes after Aqua Metals also completed an equity raise of approximately $8 million, which not only bolsters the company’s balance sheet but is also an important pre-condition for the lender. The loan agreement also followed a thorough two-month review by the lender of the company’s financial health, revenue potential and offtake and supply agreements. An independent engineering report and lifecycle analysis was also recently carried out for Aqua Metals’ technology by ICF International. The report validates the significant reductions in waste and greenhouse gas emissions made possible by the company’s first-of-its-kind lithium battery recycling technology. It should be noted that the loan agreement is non-binding and remains subject to due diligence and the negotiation of a final loan agreement. The lender has requested anonymity until a final agreement has been signed. The press release mentions that the lending firm is investing heavily in a global portfolio of decarbonization technologies. Sierra ARC Phase One With the upcoming $33 million loan, Aqua Metals will have the funding necessary to complete phase one of the Sierra ARC. This phase involves renovating and upfitting an existing 20,000-square-foot building into a lithium battery recycling plant with the capacity to process 3,000 tons per year of feedstock material recovered from spent lithium-ion batteries and manufacturing scrap The mineral outputs of the phase one facility – lithium carbonate, nickel, cobalt and other critical metals – will be equivalent to approximately 30,000 average-sized EV battery packs. After completion of the first phase, Aqua Metals plans to scale up production at the facility to more than 10,000 tonnes per year and build a circular supply chain for critical minerals essential for the burgeoning battery manufacturing industry in the United States. Not only will the Sierra ARC be Aqua’s first commercial-scale facility, but it will also be North America’s first sustainable lithium battery recycling operation. The facility is scheduled to enter production this year. The investment will allow Aqua Metals to boost its operational capacity and continue to develop its proprietary AquaRefining™ technology, which uses electricity to extract valuable metals from spent lithium and EV batteries, in contrast to traditional, pollutant-heavy recycling methods. This electrified process significantly cuts CO2 emissions and chemical waste pollution, helping to combat climate change and preserve ecosystems. “This agreement marks a significant milestone in securing the financial resources necessary to complete the Sierra ARC, which is pivotal to our strategy of establishing a closed-loop supply chain for battery recycling,” said Aqua Metals CEO Steve Cotton. “This partnership will not only support our financial stability but also will reinforce our commitment to innovation and sustainability in the lithium battery recycling sector.” Featured photo by rivage on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 05, 2024 09:15 AM Eastern Daylight Time

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