Aqua Metals, Inc. and Dragonfly Energy Corporation announced they have entered into a non-binding letter of intent (LOI) for Aqua Metals to supply lithium hydroxide to Dragonfly. Under the LOI, Dragonfly would purchase commercial quantities of lithium hydroxide from Aqua Metals to support Dragonfly's ongoing development of its solid state lithium-ion battery technologies and future manufacturing activities, as well as providing recycling services. Dragonfly expects to begin 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.
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- Aqua Metals, Inc. and Dragonfly Energy Corporation Announce letter of intent to Supply Lithium Hydroxide to Dragonfly Energy in Ongoing Development of Solid-State Li-ion Batteries