Aqua Metals, Inc. announced it has signed a Letter of Intent (LOI) with ACME Metal Enterprise Co. Ltd. (ACME) to deploy and license AquaRefining equipment at its facility in Keelung, Taiwan. The LOI provides 60 days to finalize the definitive agreement and includes terms for licensing and a phased deployment of Aqua Metals’ AquaRefining technology. The LOI also includes provisions for the joint development of processing AquaRefined briquettes into battery ready oxide material with a global battery manufacturer to be named later. ACME currently refines lead bullion into lead alloys for sale to global battery manufactures. With the proposed addition of AquaRefining, ACME would add the capability to produce ultra-high purity AquaRefined briquettes for use in oxide production. Through ACME’s relationships with its current battery manufacturing customers, ACME and Aqua Metals propose to establish a partnership to develop a process for converting AquaRefined briquettes into lead oxide utilizing a ball mill. Separately, as previously announced, Aqua Metals has developed a process for converting briquettes into lead oxide through the Barton pot method (melting). With the addition of the ball mill process (grinding), AquaRefining would have the potential to produce oxide using the only two industry standard processes available.