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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, Inc. (NASDAQ: AQMS) reported its third quarter results, including significant advancements in lithium-ion battery recycling using AquaRefining technology. The company established an Innovation Center and completed its third generation Aqualyzer, achieving over 300% production capacity. Notable agreements were signed with ACME Metal Enterprise in Taiwan and LINICO for battery recycling collaborations. The company received insurance payments totaling $30.25 million. However, Aqua Metals reported no revenue for the quarter and an operating loss of $4.6 million, highlighting the need for further market engagement.
Aqua Metals (NASDAQ: AQMS) has announced a collaboration with LiNiCo Corporation to recycle lithium-ion battery black mass into high-quality metals. This partnership aims to enhance sustainable and cost-effective lithium-ion battery recycling methods, leveraging Aqua Metals' patented AquaRefining™ technology. The initiative will source materials from battery manufacturing scrap and end-of-life cells, focusing on recovering nickel, cobalt, and copper. Both companies emphasize addressing the growing need for recycling as electric vehicle adoption increases, with a projected 15 million tonnes of end-of-life lithium-ion batteries by 2030.
Aqua Metals (NASDAQ: AQMS) is set to report its third-quarter financial results on November 4, 2021, following U.S. market close. A conference call will take place the same day at 4:30 p.m. ET, accessible via telephone and webcast. Aqua Metals is pioneering metals recycling with its innovative AquaRefining™ technology, a cleaner alternative to traditional smelting. The Aqualyzers™ process produces ultra-pure metals sustainably, supporting the growing energy storage sector. More details can be found on their official website.
Aqua Metals (NASDAQ: AQMS) will host a webcast investor presentation on October 27 at 2:00 p.m. EDT. The event will feature CEO Steve Cotton and CFO Judd Merrill discussing AquaRefining™ technology and its impact on the lithium-ion and lead acid battery recycling industries. Key topics include market drivers, technology advantages, sustainability, and growth strategies. Investors can interact via a Q&A portal. A recorded version of the webcast will be available on the company's website afterward.
Aqua Metals has opened a new Innovation Center in Tahoe Reno Industrial Center to focus on lithium-ion battery recycling using its patented AquaRefining technology. This shift aims to cater to the growing demand for critical metals amid the global energy transition, with the lithium-ion recycling market expected to reach $11.07 billion by 2027. The company is also transitioning its original AquaRefining plant to LiNiCo and has established a new headquarters in Reno to support its business development efforts.
Aqua Metals, Inc. (NASDAQ: AQMS) will participate in the 23rd Annual H.C. Wainwright Global Investment Conference. CEO Steve Cotton will present via webcast on September 13, 2021, at 7:00 a.m. EST, with an opportunity for one-on-one investor meetings. The presentation will be archived for 90 days. Aqua Metals is transforming the metals recycling industry with its AquaRefining™ technology, a sustainable, water-based process that generates ultra-pure metals while minimizing pollution. For more details, visit their website.
Aqua Metals (NASDAQ: AQMS) has announced the successful completion of its V1.5 Aqualyzer program, achieving lead production over 300% greater than previous models. This enhancement leads to a more than 60% reduction in the number of Aqualyzers needed, significantly decreasing both capital costs and operating expenses. The V1.5 models also boast an improved electrical efficiency of 97%. The company is also fine-tuning equipment configurations for its licensing client, ACME, and expects to continue offering economical solutions for battery metals recovery.
Aqua Metals, Inc. (AQMS) reported its second quarter results, achieving a pivotal agreement to license and deploy AquaRefining technology in Taiwan with ACME Metal Enterprise. Key highlights include securing new patent allowances, advancing R&D for lithium-ion battery recycling, and receiving a final insurance payment of $5.25 million, totaling $30.25 million. The company reported no revenue for the quarter, with a net loss of $8.0 million, attributed to asset disposals and operational costs. Cash reserves stood at $10.7 million as of June 30, 2021.
Aqua Metals (NASDAQ: AQMS) has signed a definitive agreement with ACME Metal Enterprise Co., Ltd. to deploy and license its AquaRefining technology for lead recycling in Taiwan. The contract follows a Letter of Intent signed on July 1, 2021. This partnership aims to produce ultrapure lead and develop a process to create lead oxide, enhancing safety, economic costs, and environmental impact. Shipments of AquaRefining equipment are expected in the next quarter, with operations commencing by late 2021, marking a significant advancement in sustainable lead recycling.
Aqua Metals (NASDAQ: AQMS) announced the completion of its final insurance payment of $5.25 million, bringing total insurance proceeds related to the November 2019 fire event to $30.25 million. This significant recovery supports Aqua Metals' transition to a capital light strategy and strengthens its balance sheet. CEO Steve Cotton expressed satisfaction with the insurance recovery, emphasizing its role in advancing revenue opportunities through technology licensing and equipment supply.
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