Aqua Metals signs LOI with WMC for full lithium carbonate offtake from Project Headwaters facility
AQMS•Estimated value and pricing framework
Illustrative gross lithium carbonate value totals about $135 million at current market pricing, with market-indexed pricing contemplated under the LOI.
LOI covers planned Project Headwaters output
Aqua Metals signed a non-binding six-year letter of intent with WMC Group covering 100% of planned lithium carbonate output from Project Headwaters.
Project Headwaters targets about 7,000 metric tons through 2032, starting with 250 metric tons in 2028 and rising to 2,250 metric tons by 2032.
Definitive agreement target and cooperation areas
The parties aim to sign a definitive offtake agreement by Sept. 30, 2026, with collaboration on feedstock sourcing, tolling and product qualification.
Potential broader cooperation with Liminal by WMC
The LOI also outlines potential broader cooperation with Liminal by WMC on future AquaRefining deployments, including possible European opportunities.
