Aqua Metals Strengthens Board of Directors to Advance Sustainable Battery Recycling and Critical Minerals Production
Aqua Metals (NASDAQ: AQMS) has appointed Steve Henderson and Eric Gangloff to its Board of Directors to strengthen its position in sustainable battery recycling and critical minerals production. Henderson, former Executive VP at Leggett & Platt, brings over 40 years of automotive, specialty chemicals, and manufacturing experience, having previously led Dow Chemical's automotive division and worked with major companies like Tesla and Ford.
Gangloff, founder of Summit Alternative Investments and CEO of AmeriFirst Finance, contributes extensive expertise in capital markets and debt financing. These strategic appointments aim to support Aqua Metals' scaling of its AquaRefining™ technology, which provides a low-cost, environmentally sustainable solution for recycling lithium, nickel, and cobalt. The technology eliminates polluting smelting processes and improves economics through a closed-loop chemical recycling system.
Aqua Metals (NASDAQ: AQMS) ha nominato Steve Henderson ed Eric Gangloff nel suo Consiglio di Amministrazione per rafforzare la propria posizione nel riciclaggio sostenibile delle batterie e nella produzione di minerali critici. Henderson, ex Vice Presidente Esecutivo di Leggett & Platt, porta con sé oltre 40 anni di esperienza nel settore automobilistico, chimica speciale e produzione, avendo precedentemente guidato la divisione automobilistica di Dow Chemical e collaborato con importanti aziende come Tesla e Ford.
Gangloff, fondatore di Summit Alternative Investments e CEO di AmeriFirst Finance, contribuisce con una vasta esperienza nei mercati di capitali e nel finanziamento del debito. Queste nomine strategiche mirano a supportare la scalabilità della tecnologia AquaRefining™ di Aqua Metals, che offre una soluzione a basso costo e sostenibile dal punto di vista ambientale per il riciclaggio di litio, nichel e cobalto. La tecnologia elimina i processi di fusione inquinanti e migliora l'economia attraverso un sistema di riciclaggio chimico a ciclo chiuso.
Aqua Metals (NASDAQ: AQMS) ha nombrado a Steve Henderson y Eric Gangloff en su Junta Directiva para fortalecer su posición en el reciclaje sostenible de baterías y la producción de minerales críticos. Henderson, ex Vicepresidente Ejecutivo de Leggett & Platt, aporta más de 40 años de experiencia en la industria automotriz, químicos especiales y manufactura, habiendo liderado anteriormente la división automotriz de Dow Chemical y trabajado con grandes compañías como Tesla y Ford.
Gangloff, fundador de Summit Alternative Investments y CEO de AmeriFirst Finance, contribuye con amplia experiencia en los mercados de capitales y financiamiento de deuda. Estas designaciones estratégicas tienen como objetivo apoyar la escalabilidad de la tecnología AquaRefining™ de Aqua Metals, que proporciona una solución económica y ambientalmente sostenible para el reciclaje de litio, níquel y cobalto. La tecnología elimina los procesos de fusión contaminantes y mejora la economía a través de un sistema de reciclaje químico en circuito cerrado.
Aqua Metals (NASDAQ: AQMS)는 지속 가능한 배터리 재활용 및 필수 광물 생산에서의 입지를 강화하기 위해 Steve Henderson와 Eric Gangloff을 이사회에 임명했습니다. Henderson는 Leggett & Platt의 전무 부사장으로, 자동차, 특수 화학품 및 제조 분야에서 40년 이상의 경력을 가지고 있으며, 이전에 Dow Chemical의 자동차 부서를 이끌고 Tesla와 Ford와 같은 주요 기업에서 근무했습니다.
Gangloff는 Summit Alternative Investments의 설립자이자 AmeriFirst Finance의 CEO로, 자본 시장 및 부채 금융에 대한 광범위한 전문 지식을 제공합니다. 이러한 전략적 임명은 Aqua Metals의 AquaRefining™ 기술의 확장을 지원하기 위한 것으로, 리튬, 니켈 및 코발트 재활용을 위한 저비용, 환경적으로 지속 가능한 솔루션을 제공합니다. 기술은 오염을 유발하는 제련 과정을 제거하고 폐쇄형 화학 재활용 시스템을 통해 경제성을 개선합니다.
Aqua Metals (NASDAQ: AQMS) a nommé Steve Henderson et Eric Gangloff au sein de son Conseil d'Administration pour renforcer sa position dans le recyclage durable des batteries et la production de minéraux critiques. Henderson, ancien Vice-Président Exécutif de Leggett & Platt, apporte plus de 40 ans d'expérience dans l'industrie automobile, les produits chimiques spéciaux et la fabrication, ayant précédemment dirigé la division automobile de Dow Chemical et travaillé avec de grandes entreprises comme Tesla et Ford.
Gangloff, fondateur de Summit Alternative Investments et PDG d'AmeriFirst Finance, apporte une vaste expertise dans les marchés de capitaux et le financement par endettement. Ces nominations stratégiques visent à soutenir l'expansion de la technologie AquaRefining™ d'Aqua Metals, qui offre une solution économique et durable sur le plan environnemental pour le recyclage du lithium, du nickel et du cobalt. La technologie élimine les processus de fusion polluants et améliore l'économie grâce à un système de recyclage chimique en boucle fermée.
Aqua Metals (NASDAQ: AQMS) hat Steve Henderson und Eric Gangloff in den Vorstand berufen, um seine Position im nachhaltigen Batterierecycling und in der Produktion kritischer Mineralien zu stärken. Henderson, ehemaliger Executive VP von Leggett & Platt, bringt über 40 Jahre Erfahrung in der Automobilindustrie, in Spezialchemikalien und in der Fertigung mit und hat zuvor die Automobilsparte von Dow Chemical geleitet und mit großen Unternehmen wie Tesla und Ford zusammengearbeitet.
Gangloff, Gründer von Summit Alternative Investments und CEO von AmeriFirst Finance, bringt umfangreiche Expertise in den Kapitalmärkten und in der Schuldenfinanzierung ein. Diese strategischen Ernennungen zielen darauf ab, die Skalierung der AquaRefining™-Technologie von Aqua Metals zu unterstützen, die eine kostengünstige und umweltfreundliche Lösung für das Recycling von Lithium, Nickel und Kobalt bietet. Die Technologie beseitigt umweltschädliche Schmelzprozesse und verbessert die Wirtschaftlichkeit durch ein geschlossenes chemisches Recyclingsystem.
- Strategic board appointments bring expertise in automotive industry, manufacturing, and financial markets
- Henderson's industry connections with major automotive players (Tesla, Ford) could facilitate partnerships
- Gangloff's financial expertise could help secure funding for commercial-scale operations
- Company's AquaRefining™ technology offers cost advantages through chemical recycling and closed-loop process
- Company still in scaling phase, not yet at commercial-scale operations
- Requires significant financing for facility buildout and expansion
Industry Leader Steve Henderson and Finance Expert Eric Gangloff Bring Strategic Expertise to Support Growth
RENO, Nev., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a leader in clean metals recycling, today announced the appointment of Steve Henderson and Eric Gangloff to its Board of Directors. These additions bring deep industry expertise and financial leadership, supporting the Company’s mission to scale its cost leading and low-carbon lithium battery recycling technology and accelerate the development of a domestic critical minerals supply chain.
Strengthening Industry Reach and Commercial Execution
Steve Henderson joins Aqua Metals’ Board with over four decades of experience in automotive, specialty chemicals, and manufacturing. Most recently, he served as Executive Vice President at Leggett & Platt, overseeing businesses that accounted for over half of the company’s total revenue and EBITDA. Previously, at Dow Chemical, Henderson led the company’s automotive division and played a key role in advancing battery material innovations, working directly with industry leaders like Tesla, Ford, and Magna.
“Aqua Metals is building a cleaner, more cost-efficient solution for battery recycling and critical minerals production,” said Steve Cotton, CEO of Aqua Metals. “I look forward to leveraging Steve’s experience and network to help the company establish a strong position in the global battery supply chain ecosystem.”
Expanding Financial and Investment Expertise
Eric Gangloff has extensive experience in capital markets, debt financing, and investment management. As the Founder of Summit Alternative Investments and Chairman and CEO of AmeriFirst Finance, he has structured and executed complex debt and equity financial transactions across multiple asset classes with counterparties such as Goldman Sachs, Deutsche Bank, First National Bank of Omaha, Bayview Asset Management, Credigy, Fortress Investment Group and many others. His background includes leadership roles in both consumer finance and strategic lending, making him well-equipped to support Aqua Metals' growth and commercialization strategy.
“Eric’s expertise in structuring financing solutions will be a major asset as Aqua Metals moves toward commercial-scale operations,” said Steve Cotton, CEO of Aqua Metals. “His ability to connect financial strategy with operational execution will also help us accelerate our plans and drive long-term value for our stakeholders.”
Scaling Clean Battery Recycling for the Future
These appointments come at a critical time as Aqua Metals strives to scale its AquaRefining™ process aiming to provide an economically profitable, environmentally sustainable and domestically sourced supply of lithium, nickel, and cobalt—key materials for electric vehicles and energy storage.
The Company’s technology eliminates the need for polluting smelting processes and significantly improves economics by recycling chemicals in a closed-loop process versus high-cost, one-time-use chemicals and undesirable waste streams. AquaRefining™ provides a low-cost, low-carbon, closed-loop recycling solution to reduce reliance on foreign supply chains. Henderson’s deep industry connections and Gangloff’s financial expertise are expected to support Aqua Metals’ efforts to expand commercial partnerships, secure financing, and accelerate the buildout of its Sierra ARC facility.
About Aqua Metals
Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metals recycling with its patented AquaRefining™ technology. The Company is pioneering a sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. AquaRefining™ is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. Aqua Metals is based in Reno, NV and operates the first sustainable lithium battery recycling facility at the Company’s Innovation Center in the Tahoe-Reno Industrial Center. To learn more, please visit www.aquametals.com.
Aqua Metals Social Media
Aqua Metals has used, and intends to continue using, its investor relations website (https://ir.aquametals.com), in addition to its Twitter, Threads, LinkedIn and YouTube accounts at https://twitter.com/AquaMetalsInc (@AquaMetalsInc), https://www.threads.net/@aquametalsinc (@aquametalsinc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/@AquaMetals 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 the uncertainty of future events or outcomes, or that do not relate to historical matters. Those forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially, including, but not limited to those risks disclosed in the section "Risk Factors" included in our Annual Report on Form 10-K filed on March 28, 2024. 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 Information
Investor Relations
Bob Meyers & Rob Fink
FNK IR
646-878-9204
aqms@fnkir.com
Media
David Regan
Aqua Metals
415-336-3553
david.regan@aquametals.com
FAQ
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