About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

RENO, Nev., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 20 pre-split shares. The reverse stock split will become effective at 12:01 a.m. Eastern Time, on November 5, 2024. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol “AQMS” and will begin trading on ...

Shares of Aqua Metals (AQMS) have been struggling lately and have lost 24.1% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case ...

Core Insights - Aqua Metals Inc is focused on innovating clean recycling solutions for lithium-ion batteries, utilizing a fully electrified process that significantly reduces carbon emissions and waste compared to traditional methods [1][2] - The company aims to produce materials such as cobalt, nickel, and lithium carbonate that can re-enter the battery supply chain, benefiting major OEMs and contributing to a circular economy [2][3] Company Overview - Aqua Metals is developing a clean recycling process for lithium-ion batteries that minimizes carbon dioxide emissions, which can often exceed the weight of the batteries themselves [1] - The company has established a pilot facility at the Tahoe Reno Industrial Center, which has been operational for nearly a year, validating its technology and processes [3][4] Production Facility Status - The commercial-scale Phase One facility, named Sierra Arc, is under construction and aims to produce truckload quantities of recycled materials by early next year [4] - The facility is located near the pilot operation and has already begun equipment installation [4] Market Opportunities - The U.S. battery production is projected to grow significantly, with the Tesla Gigafactory's capacity expected to increase from 0.05 terawatt hours to 1.2 terawatt hours by the end of the decade, generating substantial scrap material for recycling [5] - By the end of the decade, approximately one million tons of black mass will require recycling, indicating a growing demand for recycling capacity that exceeds current capabilities [6] Partnerships and Collaborations - Aqua Metals is actively seeking partnerships with car manufacturers and other potential collaborators, having already provided samples of recycled materials to the market [4][5] - The company anticipates forming more alliances as it scales up production and establishes its commercial facility [5]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO 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 juri ...

Aqua Metals, Inc. (NASDAQ:AQMS) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Robert Meyers - FNK IR Steve Cotton - Chief Executive Officer, President and Director Judd Merrill - Chief Financial Officer Conference Call Participants Michael Legg - The Benchmark Company Sameer Joshi - H.C. Wainwright Robert Meyers Thank you, operator, and thank you, everybody, for joining. Earlier today, Aqua Metals issued a press release providing an operational update and discussing financ ...

Aqua Metals (NASDAQ:AQMS) stock is taking a beating on Tuesday alongside the release of the metals recycling company’s earnings report for Q2 2024.The bad news for AQMS stock comes from the lack of revenue reported by Aqua Metals during the quarter. That’s not what Wall Street was expecting with a Q2 revenue estimate of $27,500.Additionally, its adjusted earnings per share came in at -5 cents. That matches what analysts were expecting from Aqua Metals. It’s also slightly better than the -6 cents per share f ...

Funding and Financial Performance - Aqua Metals has completed a $7.3 million net funding round, indicating continued investor confidence in the company's technology and business plan[7]. - The company has experienced a more than 25% drop in lithium carbonate pricing since May 2024, impacting financing efforts for the Sierra ARC[2]. - Aqua Metals is actively pursuing additional financing options, including project finance and strategic investments, to complete the Sierra ARC[2][8]. - Total current assets as of June 30, 2024, are $9.315 million, down from $18.299 million as of December 31, 2023[17]. - Total liabilities increased to $8.447 million as of June 30, 2024, compared to $7.536 million as of December 31, 2023[20]. - Total operating expense for the three months ended June 30, 2024, was $5,599 million, an increase of 15.4% compared to $4,852 million for the same period in 2023[24]. - Net loss for the three months ended June 30, 2024, was $5,587 million, compared to a net loss of $4,759 million for the same period in 2023, representing an increase of 17.4%[24]. - Basic and diluted net loss per share for the three months ended June 30, 2024, was $(0.05), slightly improved from $(0.06) for the same period in 2023[24]. - Loss from operations for the six months ended June 30, 2024, was $(11,391) million, compared to $(9,348) million for the same period in 2023, an increase of 21.9%[24]. - Total other income (expense), net for the three months ended June 30, 2024, was $15 million, a decrease of 83.9% from $93 million for the same period in 2023[24]. - Income tax expense for the three months ended June 30, 2024, was $3 million, compared to no income tax expense for the same period in 2023[24]. - Gain on disposal of property, plant, and equipment was $0 for the three months ended June 30, 2024, compared to a loss of $(3) million for the same period in 2023[24]. Operational Updates - The Sierra ARC facility has achieved significant milestones, including the completion of a five megawatt upgrade of utility power and installation of key equipment[1][5]. - Due to delays in funding, Aqua Metals has implemented a reduction in force, although it does not expect this to materially impact current pilot operations or R&D[3]. - The timeline for commissioning the Sierra ARC has shifted to 2025, compared to the previously planned late 2024[3]. - The pilot facility has been operating consistently 24x5, providing critical process validation data for financing counterparties[6]. Strategic Partnerships - The company continues to explore and solidify strategic partnerships to enhance its supply chain and market presence[8]. Research and Development - Research and development costs for the three months ended June 30, 2024, were $363 million, a decrease of 30.8% from $525 million for the same period in 2023[24]. - Interest expense decreased to $(84) million for the three months ended June 30, 2024, from $(255) million in the same period of 2023, a reduction of 67.8%[24]. - Weighted average shares outstanding increased to 123,793,140 for the three months ended June 30, 2024, compared to 84,184,884 for the same period in 2023, an increase of 47.0%[24].

RENO, Nev., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced it will report financial results for the second quarter ended June 30, 2024, and provide a business update after the market closes on Monday, August 5, 2024. Following the release, management will host a conference call that same day at 4:30 p.m. ET. The live conference call can be accessed at https://event.webcasts.com/aqms or from the investor relations sec ...

RENO, Nev., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today announced it will report financial results for the second quarter ended June 30, 2024, and provide a business update after the market closes on Monday, August 5, 2024. Following the release, management will host a conference call that same day at 4:30 p.m. ET. The live conference call can be accessed at https://event.webcasts.com/aqms or from the investor relations se ...