Aqua Metals Inc Stock Price, News & Analysis

Aqua Metals has reached an agreement to lease its McCarran, Nevada facility, facilitating its AquaRefining technology expansion. The lease, starting April 1, 2021, includes up to $1.9 million in lease revenues and non-refundable deposits totaling $3.25 million, showcasing the lessee's intent to purchase at a price ranging from $14.25 million to $15.25 million by March 2023. This strategic move supports Aqua Metals' focus on capital-light operations while retaining facility access for R&D, potentially saving $4 million in costs.

Aqua Metals (AQMS) announced promising results from initial testing of a new process to produce battery-ready active lead material directly from its AquaRefining technology. This innovation aims to simplify and reduce costs in lead battery manufacturing by bypassing traditional refining and ingoting steps, leading to potential savings in time, money, and emissions. A provisional patent has been filed, and discussions with prospective licensees are underway. The company believes this advancement could bolster economic and environmental benefits for its partners in the $65 billion lead acid battery market.

Aqua Metals (NASDAQ: AQMS) has partnered with BASF to enhance its AquaRefining™ technology for battery recycling. This collaboration allows BASF to supply Aqua Metals' electrolyte to new facilities and existing clients, ensuring quality and consistency in the recycling process. The partnership aims to improve the performance of AquaRefining while promoting sustainable recycling solutions. A webcast on January 27, 2021, will provide further details on this announcement and company updates.

Aqua Metals, Inc. (NASDAQ: AQMS) announced a webcast investor presentation on January 27 at 2:00 p.m. EST. CEO Steve Cotton and CFO Judd Merrill will discuss the company's innovative AquaRefining™ technology and its advantages over traditional smelting, including sustainability and market potential. Investors can engage via an interactive Q&A. Pre-registration is required to access the event. An archived version will be available on the investor relations section of Aqua Metals' website.

Aqua Metals (NASDAQ: AQMS) announced a major step towards financial stability by retiring its $9.0 million debt with Veritex Bank, leaving the company virtually debt-free. This decision significantly strengthens the balance sheet, eliminating $0.9 million in annual debt service costs. Additionally, Aqua Metals received a $0.8 million progress payment from its insurance provider, bringing total received insurance payments to $23.4 million. The company anticipates further insurance proceeds for replacement value and possible business interruption recovery.

Aqua Metals (NASDAQ: AQMS) will present at the 13th Annual LD Micro Main Event Conference on December 15, 2020, at 2:00 p.m. EST. CEO Steve Cotton and CFO Judd Merrill will lead the presentation. Aqua Metals is focused on innovative lead recycling through its patented AquaRefining™ technology, which is a room temperature, water-based alternative to traditional smelting. This technology aims to meet the increasing demand for lead in various applications, including batteries. Investors can register for the event via the provided link.

Aqua Metals, Inc. (NASDAQ: AQMS) will present at the 2020 Virtual Fall Investor Summit on November 16, 2020, at 1:30 p.m. EST. CEO Steve Cotton will share insights on AquaRefining™, the company's innovative lead recycling technology. This water-based process minimizes pollution compared to traditional smelting methods and aims to increase production capacity through licensing. Aqua Metals focuses on addressing the growing demand for lead in applications like automotive batteries and renewable energy solutions. Interested viewers can access the presentation via a provided link.

Aqua Metals (AQMS) announced key developments in its third-quarter results for 2020. The company received an additional $0.7 million in insurance proceeds, raising total collections to $22.6 million. They aim to retire the $8.5 million Veritex loan, becoming debt-free by year-end 2020. Operationally, Aqua Metals is making progress with its V1.25 electrolyzer program, and anticipates a new patent, enhancing its portfolio to 45 patents globally. Financially, cash on hand is $5.6 million, with an escrow balance of $7.9 million. However, revenue was minimal due to a fire incident, significantly lower than the previous year.