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Aqua Metals to Announce First Quarter 2025 Financial Results and Host Investor Conference Call on May 8, 2025
Globenewswire· 2025-04-29 12:00
Core Insights - Aqua Metals, Inc. is set to report its financial results for Q1 2025 on May 8, 2025, and will host a conference call at 4:30 p.m. ET on the same day [1] Company Overview - Aqua Metals, Inc. is a leader in sustainable lithium-ion battery recycling, utilizing its patented AquaRefining™ technology [4] - The company aims to provide a low-emissions, closed-loop recycling solution for materials essential to energy storage and electric vehicle manufacturing [4] - AquaRefining™ technology replaces traditional polluting methods with electricity-powered electroplating, resulting in higher purity metal recovery, lower emissions, and minimal waste [4] - The company operates its first sustainable lithium battery recycling facility at its Innovation Center in the Tahoe-Reno Industrial Center [4] Communication Channels - Aqua Metals utilizes its investor relations website and social media platforms such as X, Threads, LinkedIn, and YouTube for disclosing material non-public information [5]
Aqua Metals Develops Nickel Carbonate Product to Expand Market Reach and Maximize Process Efficiency
Globenewswire· 2025-04-15 12:00
Core Viewpoint - Aqua Metals, Inc. has announced the development of a new product, nickel carbonate, which expands its portfolio of high-value battery metal compounds and showcases the adaptability of its patented AquaRefining™ process [1][2][3]. Group 1: Product Development - The company has developed a novel recycling process for lithium iron phosphate (LFP) batteries, allowing for the recovery and conversion into high-purity nickel carbonate, which is increasingly in demand globally [2][4]. - Nickel carbonate can be further processed into pure nickel metal or converted into nickel oxide, providing strategic optionality for Aqua Metals to serve multiple industrial sectors [3][4]. Group 2: Technology and Innovation - The development of nickel carbonate reflects Aqua Metals' adaptable technology and expertise in critical materials, positioning the company to respond quickly to market shifts and turn byproducts into revenue streams [3][4]. - The innovation aligns with Aqua Metals' broader strategy to scale production of battery-grade lithium, nickel, cobalt, and manganese materials using its AquaRefining technology [4]. Group 3: Market Position and Strategy - Aqua Metals aims to build a robust, diversified domestic supply chain for critical minerals essential to the advanced energy economy, as indicated by its ongoing offtake discussions and project financing [4]. - The company is committed to optimizing recovery, reducing waste, and maintaining clean, low-impact processes while responding to real-time market needs [4].
Aqua Metals Pioneers Domestic LFP Recycling with Breakthrough Bench-Scale Testing
Globenewswire· 2025-04-08 12:00
LFP Integration Doubles Lithium Production Potential for Multi-Chemistry Battery Recycling at ARC FacilitiesRENO, Nev., April 08, 2025 (GLOBE NEWSWIRE) -- Aqua Metals (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling, today announced the successful completion of bench-scale testing and engineering analysis for a novel process to recycle lithium iron phosphate (LFP) battery materials. This milestone highlights Aqua Metals’ proven ability to rapidly adapt its technology to market needs, reinf ...
Aqua Metals(AQMS) - 2024 Q4 - Earnings Call Transcript
2025-03-31 20:30
Financial Data and Key Metrics Changes - The company ended the quarter with total cash of approximately $4.1 million, higher than the previous quarter, indicating management's focus on maintaining cash position [27] - The net loss for the 12 months ended December 31, 2024, was approximately $24.6 million or a negative $3.83 per basic and diluted share, compared to a net loss of $24 million or a negative $5.10 per basic and diluted share for 2023 [34] - Interest expense increased to $1.1 million for the year ended December 31, 2024, primarily due to a change in fair value of the warrant liability [33] Business Line Data and Key Metrics Changes - Plant operations increased approximately $931,000 or 15% for the 12 months ended December 31, 2024, driven by a rise in payroll and related fees due to hiring additional staff [31] - The company recognized an impairment of approximately $2.6 million related to vendor equipment deposits for equipment no longer needed under the revised plan [29] Market Data and Key Metrics Changes - The company produced more than 600 pounds of battery-grade lithium carbonate at purity levels exceeding 99.5% during a December endurance run, showcasing its capability in the market [11] - The company is actively engaging with potential partners and customers globally, with positive feedback on the samples provided to multiple cathode active material producers [12] Company Strategy and Development Direction - The company aims to scale operations through flexible, partner-centric models that minimize capital intensity while maximizing impact [10] - The commercialization strategy has evolved to prioritize co-location opportunities and toll processing models to reduce logistics costs and accelerate time to revenue [15] - The partnership with 6K Energy is a flagship example of forming commercial alliances that support closed-loop battery material supply chains [17] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of adapting to the macroeconomic environment, which has been challenged by falling battery metal prices and tight capital markets [8] - The company is focused on translating technology success into commercial deployment, securing strategic funding, and continuing to produce battery-grade recycled materials [24] - Management expressed confidence in the company's ability to lead in clean battery metal recovery with a flexible capital-efficient plan in motion [26] Other Important Information - The company raised approximately $15 million during the year, with over two-thirds of the funding coming from AquaMetal's leadership and board [19] - The company was selected by the U.S. Department of Energy for the ACME Revive program, highlighting its role in supporting domestic critical mineral recovery [22] - The company expanded its board of directors, adding experienced leaders from the battery and finance sectors [23] Q&A Session Summary Question: Long-term financing plans and options - Management is focused on project financing and debt financing, with ongoing discussions with lenders [42][43] Question: Updated plan for the Sierra facility - The facility is move-in ready, with additional buildings planned to increase processing capacity from 3,000 tons to 7,000 tons [47][49] Question: Discussions on offtake agreements and co-locations - The company has been able to produce representative battery-grade materials, which has facilitated ongoing discussions with potential partners [55][57] Question: Visits from industry leaders and government agencies - Management has hosted various government officials and is engaging with the new administration regarding funding opportunities for critical minerals [59][61]
Aqua Metals(AQMS) - 2024 Q4 - Annual Results
2025-03-31 20:06
Aqua Metals Reports Milestone Advancements, Strategic Progress, and Sierra ARC Lithium Battery Recycling Campus Developments in 2024 Validated closed-loop battery recycling technology, built commercial partnerships, and revised economic model to better pursue funding and scale domestic battery mineral production RENO, Nev., March 31, 2025 – Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling, today announced key achievements from 2024 and outlined progress for 2025 as the Co ...
Aqua Metals Reports Milestone Advancements, Strategic Progress, and Sierra ARC Lithium Battery Recycling Campus Developments in 2024
Globenewswire· 2025-03-31 20:05
Core Insights - Aqua Metals, Inc. has made significant advancements in sustainable lithium battery recycling through its proprietary Li AquaRefining™ process, achieving high-purity material production and establishing commercial partnerships [1][2][4] Technology and Innovation - The Li AquaRefining™ process has been validated at scale, demonstrating over 99% recovery rates for lithium, cobalt, and nickel, while achieving 83% lower CO₂ emissions compared to traditional methods [6] - The company has completed a three-week endurance run of the pilot plant, confirming its readiness for commercial scale-up [6] Commercial Developments - Aqua Metals is preparing to install equipment at the Sierra ARC facility, which will process 7,000 tonnes of black mass feedstock annually, contingent on securing additional financing [2][4] - A long-term supply agreement has been signed with 6K Energy to provide up to 30% of recycled content for its domestic cathode manufacturing facility, marking a significant step towards a closed-loop battery material partnership [6] Financial Performance - The company raised approximately $15 million in equity, indicating strong internal confidence, and received a $2.2 million tax abatement from the State of Nevada, linked to a projected $392 million economic impact [6] - As of December 31, 2024, Aqua Metals reported total assets of $26.365 million, down from $33.600 million in 2023, with a net loss of $24.555 million for the year [10][14] Strategic Vision - The company aims to build a resilient, low-capex, and rapidly scalable platform for critical mineral recovery in the U.S., focusing on higher-margin products and deepening strategic partnerships [4][6] - Aqua Metals has been recognized for its leadership in sustainability and clean energy job growth, being named a "Top Project of 2024" by Environment + Energy Leader [6]
Aqua Metals(AQMS) - 2024 Q4 - Annual Report
2025-03-31 20:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37515 Aqua Metals, Inc. (Exact name of registrant as specified in its charter) Delaware 47-1169572 (State or Other Jurisdiction of Incorporation or O ...
Aqua Metals to Announce Fourth Quarter and Full-Year 2024 Financial Results and Host Investor Conference Call on March 31, 2025
Globenewswire· 2025-03-19 12:00
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 X, Threads, LinkedIn and YouTube accounts at https://x.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 obligat ...
Aqua Metals Achieves Major Milestone in Recycled Battery Materials: First U.S.-Sourced Nickel Integrated into Domestic CAM for Testing by a Tier-One Battery Manufacturer
Globenewswire· 2025-03-05 13:00
Core Viewpoint - Aqua Metals has successfully produced the first-ever cathode active material (CAM) made from 100% domestically sourced, recycled nickel, marking a significant advancement in establishing a sustainable battery supply chain in the U.S. [1][5] Company Summary - Aqua Metals utilizes its proprietary AquaRefining™ process to recover high-purity nickel from spent lithium-ion batteries and battery manufacturing scrap, refining it into battery-grade nickel nitrate, a precursor for advanced cathode production [2][11] - The company collaborates with domestic CAM manufacturing partners to convert nickel nitrate into battery-grade CAM, which is currently undergoing evaluation by a tier-one lithium battery manufacturer [2][3] - Initial testing indicates that the recycled nickel CAM meets industry-standard specifications, ensuring compatibility with existing cell production processes [3] Industry Summary - The U.S. lithium battery industry is projected to exceed 1.2 TWh of annual cell production capacity by 2030, highlighting the need for a domestic supply chain for critical materials like nickel, cobalt, and manganese [6] - Establishing a circular supply chain for battery materials is essential for reducing dependence on foreign sources and supporting sustainability goals [6][7] - Aqua Metals' closed-loop production process reduces the carbon footprint of CAM manufacturing by approximately 87% compared to sourcing from China, emphasizing the environmental and economic benefits of a domestic supply chain [4][8] Sustainable Practices - Aqua Metals' AquaRefining™ process eliminates waste and emissions associated with traditional metal refining methods, contributing to a lower environmental impact [8][9] - The collaboration with CAM manufacturers aims to advance sustainable production methods, further reducing waste and environmental burdens [8][9] Future Outlook - The successful production and testing of recycled nickel-based CAM lays the groundwork for expanding U.S.-based battery recycling and material production, reinforcing Aqua Metals' leadership in clean energy innovation [10]
Aqua Metals Strengthens Board of Directors to Advance Sustainable Battery Recycling and Critical Minerals Production
Globenewswire· 2025-02-06 13:00
Industry Leader Steve Henderson and Finance Expert Eric Gangloff Bring Strategic Expertise to Support GrowthRENO, 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 accel ...