Aqua Metals Inc Stock Price, News & Analysis

Aqua Metals, Inc. (NASDAQ: AQMS), a leader in sustainable lithium battery recycling, announced its participation in the Credit Suisse Annual Summit on February 27-28, 2023. CEO Steve Cotton will engage in a live fireside chat on February 27 at 9:50 a.m. MST, available via a webcast. The conference focuses on oil, gas, utilities, and ESG issues, showcasing Aqua Metals' innovations in low-emission, closed-loop recycling technology. This event offers opportunities for investors to meet with Aqua Metals management. The company's AquaRefining™ process aims to enhance the recycling of metals critical for energy storage and electric vehicle production.

Aqua Metals, a leader in sustainable lithium battery recycling, has completed due diligence on a five-acre site in Tahoe-Reno to develop a recycling campus capable of processing over 20 million pounds of lithium-ion battery material annually. This phased project aims to sustain the production of metals required for 100,000 EV battery packs each year using its innovative Li AquaRefining™ technology. Aqua Metals plans to power the campus with renewable energy and intends to finance the property acquisition through a non-dilutive loan, with operations expected to commence in Q1 2024.

Aqua Metals (NASDAQ: AQMS) announced on January 17, 2023, that it has regained compliance with Nasdaq's Listing Rule 5550(a)(2), following a previous notification on August 2, 2022, regarding its stock price falling below $1.00 per share. The company successfully maintained a closing bid price of at least $1.00 for 10 consecutive trading days, achieving compliance on January 13, 2023. Aqua Metals is focused on sustainable recycling through its AquaRefining™ technology, which aims to transform metals recycling, particularly for materials used in electric vehicles and energy storage.

Aqua Metals (NASDAQ: AQMS) has achieved a significant milestone by successfully recovering critical metals from spent lithium-ion batteries using its innovative Li AquaRefining process. This production-scale recovery utilizes electricity instead of traditional methods, significantly reducing emissions and waste. Initially, copper will be recycled, with plans to recover lithium hydroxide, nickel, cobalt, and manganese dioxide next. The company aims to support a sustainable domestic supply chain for battery materials, essential for electric vehicles, while offsetting carbon emissions through renewable energy credits.

Aqua Metals has successfully operationalized the world's first sustainable lithium-ion battery recycling facility using its AquaRefining™ technology. Located in Nevada, the facility aims to recycle batteries without harmful chemicals, targeting sales of recycled materials in Q1 2023. The company plans to recover high-purity lithium, manganese, cobalt, and nickel and establish itself as a leader in the battery recycling market. Upcoming milestones include achieving product specifications and ramping up production capacity.

Aqua Metals (NASDAQ: AQMS) announced its participation in key investor conferences in December 2022. CEO Steve Cotton will meet investors at The Benchmark Company Discovery Conference on December 1 in New York, while both Cotton and CFO Judd Merrill will conduct virtual meetings at the Credit Suisse Climate Tech Conference on December 6. Aqua Metals is known for its innovative AquaRefining™ technology, offering sustainable metal recycling specifically for lithium-ion batteries. Investors can register for meetings through the provided links.

Aqua Metals reported its Q3 2022 financial results, showing a net loss of $3.9 million, or $(0.05) per share, compared to a net loss of $1.4 million in Q3 2021. The company ended the quarter with $9.3 million in cash and $15.5 million in working capital. Cost of product sales decreased by about 50%, while research and development expenses rose by 80% year-over-year. The company is on track to launch its lithium recycling pilot plant in Nevada and has secured partnerships in Taiwan. Revenue generation is expected to start in 2023 as demand for battery recycling grows.

Aqua Metals (NASDAQ: AQMS) announced a $2 million non-refundable deposit from LINICO Corporation as part of their Industrial Lease Agreement. This deposit contributes towards a total purchase option of $15.25 million for Aqua Metals’ recycling facility, with the option valid until March 31, 2023. With this payment, Aqua Metals' cash reserves increase to $11.3 million. The lease generates monthly payments starting at $68,000, rising to $100,640 in the final months, with LiNiCo responsible for all fixed costs.

Aqua Metals (NASDAQ: AQMS) has announced significant milestones in its recycling initiatives. The company’s Taiwan-based AquaRefining project successfully produced ultra-pure lead, while the U.S. Li AquaRefining pilot plant is on track to produce high-value minerals by Q4 2022. Recent environmental comparisons demonstrate AquaRefining's efficiency, producing substantially lower CO₂ emissions than conventional lithium-ion battery recycling. These advancements position Aqua Metals as a leader in sustainable battery recycling, supporting EV manufacturers to meet production requirements outlined in the Inflation Reduction Act of 2022.