Aqua Metals, Inc. (NASDAQ:AQMS) Q3 2023 Earnings Call Transcript

Steve Cotton: So, timeframes in terms of agreements, we’ve said that we would be announcing — we intend to announce by around the end of this year what the go-forward plan is with 6K based upon that already announced MOU and that will provide the details of what the future looks like, but it will be likely what I was saying before, which is the co-location and the opportunity for us to generate tens, if not hundreds of millions of dollars a year as we get into year two and beyond with 6K Energy and supply agreement with them alone. And that’s not cumulative, that’s per year. So, that hopefully gives you some insight on to the timing on that. And then on the Yulho side of the equation, we do have a business — series of business meetings just in a matter of few weeks in South Korea for further discussions on the licensing agreement and due diligence on our part at a business level on their facility that they are just about ready to begin commissioning on their own.

And then there’s a further series of technical meetings that will be taking place in Q1 and we expect that we’ll be able to announce together what the go-forward plan is on the licensing arrangements with Yulho on a more formal level at the conclusion of those due diligence and final meetings that we’ll be having. And we’re really excited to be out there with them and see the facility as they begin to really bring it online as we get into Q1 of next year. So, coming soon.

Operator: Thank you. We reached the end of our question-and-answer session. I’d like to turn the floor back over to management for any further or closing comments.

Steve Cotton: All right. Well, thank you. And I’ll just conclude by thanking everybody for your interest and support and attention today. And I’ll just add that we believe as a management team that we’ve got the right technology that is environmentally correct technology, a strong balance sheet that we’ve secured already and we have a very rational and methodical approach to our business plan and our growth plan and we feel that our multi-faceted business model can really differentiate us in the industry to be able to really work with anyone rather than compete. And we see that as a really strong asset for Aqua Metals that we can continue to leverage as evidenced by what we’ve already done with 6K Energy and Yulho and Dragonfly Energy. We really appreciate everyone’s time and look forward to impending updates and see you all next time soon.

Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.