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Aqua Metals, Inc. (NASDAQ: AQMS) is a pioneering company in the lead recycling industry, leveraging its innovative, proprietary process known as AquaRefining. This patented technology provides a modern, environmentally-friendly alternative to traditional lead smelting methods. The AquaRefining process utilizes a room temperature, water-based system to recycle lead from lead-acid batteries, significantly reducing toxic emissions and hazardous waste.
The company’s modular approach allows for scalable expansion to meet the growing global demand for lead in battery applications. By eliminating the pollution associated with conventional lead recycling, Aqua Metals is positioned to revolutionize a $22 billion industry, making lead one of the most sustainable battery chemistries available.
Recently, Aqua Metals has made significant strides, including an agreement to supply critical battery metals from their Sierra ARC facility to the 6K PlusCAM™ facility starting in 2024. This partnership underlines their commitment to pushing the boundaries of clean technology and sustaining their growth trajectory.
Financially, Aqua Metals offers a transparent overview of its operations, regularly reporting its adjusted net loss to provide a clearer insight into its primary business performance. The company is also actively engaged in raising funds to support its ambitious projects, such as the Sierra ARC Commercial Lithium-Ion Battery Recycling Facility, which is expected to be commissioned in 2024.
As a leader in sustainable lead recycling, Aqua Metals continues to attract substantial investor interest and strategic partnerships, making it a key player in the ongoing evolution of the battery recycling industry.
Aqua Metals (NASDAQ: AQMS) announced a non-binding term sheet for a $33 million secured credit facility with one of the world's largest privately held companies. The funding is aimed at completing Phase One of the Sierra ARC, a commercial lithium-ion battery recycling facility expected to be commissioned in 2024. Additionally, Aqua Metals announced a $7 million equity raise to support ongoing operations, expected to close on May 17, 2024. The term sheet's closing is targeted for June 30, 2024, pending due diligence and definitive agreements. This financing will help Aqua Metals advance its groundbreaking AquaRefining technology, which reduces waste and greenhouse gas emissions, contributing to a sustainable future.
Aqua Metals (Nasdaq: AQMS) announced a $7 million public offering of 17,500,000 shares of common stock and an equal number of non-redeemable warrants, priced at $0.39 and $0.01 per share and warrant, respectively. The offering, expected to close on May 17, 2024, includes a 30-day option for underwriters to purchase an additional 2,625,000 shares and warrants. The proceeds will support working capital, general corporate purposes, and a proposed $33 million secured credit facility to fund Phase One development of the Sierra AquaRefining Campus. The Benchmark Company, is managing the offering, with PADNOS participating strategically to bolster Aqua Metals' innovation in sustainable battery recycling.
Aqua Metals, a leader in sustainable lithium-ion battery recycling, has announced a public offering of common stock and warrants. The company plans to sell all the offered securities and will grant underwriters a 30-day option to purchase up to an additional 15% to cover over-allotments. The offering is expected to price around May 15, 2024. Proceeds will be used for working capital and general corporate purposes. The Benchmark Company, is the sole book-running manager for this offering. The common stock will be free trading, but the warrants will not be listed on Nasdaq. The offering is based on a registration statement filed with the SEC.
Aqua Metals, Inc. (NASDAQ: AQMS) is partnering in a $4.99 million DOE grant project with Pennsylvania State University to establish a domestic supply chain for critical minerals. The initiative, ACME-REVIVE, aims to extract rare earth elements and critical materials from coal, coal wastes, and coal by-products. Aqua Metals will produce battery-grade cobalt, manganese, nickel, and lithium, aligning with its mission for sustainable mineral supply chains. The project demonstrates Aqua Metals' innovative capabilities and commitment to sustainability, contributing to environmental remediation and the circular economy.
Aqua Metals, Inc. (NASDAQ: AQMS) will announce its first quarter 2024 financial results and host an investor conference call on May 15, 2024. The company will provide a business update after the market closes on May 15, 2024, followed by a conference call at 4:30 p.m. ET.
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