Aqua Metals Meets Nasdaq Compliance Requirements for Continued Listing

Rhea-AI Summary

Aqua Metals, Inc. (NASDAQ: AQMS) announced full compliance with Nasdaq’s Audit Committee requirements, following recent Board and Committee appointments. This notification confirms the Company meets Listing Rule 5605(c)(2) standards for continued listing on The Nasdaq Capital Market. Aqua Metals focuses on innovative metals recycling via its AquaRefining™ technology, which is a sustainable, water-based alternative to traditional smelting, producing ultra-pure metals. The Company is based in McCarran, Nevada, and emphasizes closing the sustainability loop in the energy storage sector.

Positive

• Full compliance with Nasdaq Audit Committee requirements enhances stability for AQMS shareholders.
• AquaRefining technology presents a sustainable alternative to traditional smelting, potentially increasing market appeal.

Negative

• None.

MCCARRAN, Nev., March 05, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) ("Aqua Metals" or the "Company"), which is reinventing metals recycling with its AquaRefining™ technology, today announced that with the recent Board and Committee appointments, Nasdaq Regulation staff notified the Company that it is again in full compliance with the Audit Committee requirements for continued listing on The Nasdaq Capital Market set forth in Listing Rule 5605(c)(2) (the “Rule”) and the matter is now closed. 

About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metals recycling with its patented hydrometallurgical AquaRefining™ technology. Unlike smelting, AquaRefining is a room temperature, water-based process that emits less pollution. The modular Aqualyzers™ cleanly generate ultra-pure metal one atom at a time, closing the sustainability loop for the rapidly growing energy storage economy. The Company’s offerings include equipment supply, services, and licensing of the AquaRefining technology to recyclers across the globe. Aqua Metals is based in McCarran, Nevada. To learn more, please visit: www.aquametals.com.

Aqua Metals has used, and intends to continue using, its investor relations website (https://ir.aquametals.com), in addition to its Twitter, LinkedIn and YouTube accounts at https://twitter.com/AquaMetalsInc (@AquaMatalsInc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ respectively, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Safe Harbor

This press release contains forward-looking statements concerning Aqua Metals, Inc. Forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements that contain words such as "expects," "contemplates," "anticipates," "plans," "intends," "believes", "estimates", "potential" and variations of such words or similar expressions that convey uncertainty of future events or outcomes, or that do not relate to historical matters. The forward-looking statements in this press release include our expectations for the benefits of our new methodology for producing battery manufacturing ready active material and the future of lead acid battery recycling via traditional smelters. Those forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. Among those factors are: (1) the risk that we may not be able to satisfactorily demonstrate to potential licensees the technical and commercial viability of our V1.25 electrolyzer and AquaRefining process; (2) the risk that licensees may refuse or be slow to adopt our AquaRefining process as an alternative to smelting in spite of the perceived benefits of AquaRefining; (3) the risk that we may not realize the expected economic benefits from any licenses we may enter into; (4) the risk that we may not be able to access additional capital as and when needed; and (5) those other risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed on February 25, 2021 and subsequent SEC filings. Aqua Metals cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by law.

Contact: Glen Akselrod, Bristol Capital
(905) 326-1888, Ext. 1
glen@bristolir.com

FAQ

What recent compliance announcement did Aqua Metals make regarding Nasdaq listing?

Aqua Metals announced full compliance with Nasdaq's Audit Committee requirements as per Listing Rule 5605(c)(2), indicating continued listing viability.

What is AquaRefining technology and how does it benefit Aqua Metals?

AquaRefining is a patented hydrometallurgical process that recycles metals sustainably, generating ultra-pure metal and reducing pollution compared to traditional methods.

Where is Aqua Metals located and what is its focus?

Aqua Metals is based in McCarran, Nevada, and focuses on reinventing metals recycling through its AquaRefining technology.

What potential challenges does Aqua Metals face regarding its technology adoption?

Aqua Metals may face challenges in demonstrating the commercial viability of its technologies and slowing adoption rates from potential licensees.