Aqua Metals Raises $13 Million from Leading Institutional Investor to Accelerate Commercialization and Strategic Growth

Core Viewpoint - Aqua Metals, Inc. has successfully raised $13 million through a registered direct offering, aimed at enhancing its sustainable lithium battery recycling operations using its AquaRefining™ technology [1][2]. Group 1: Offering Details - The offering involved the purchase and sale of 1,133,794 shares of common stock and/or prefunded warrants at a price of $11.34 per share [1]. - The gross proceeds from the offering were approximately $13 million before deducting fees and expenses [2]. - The offering is expected to close on October 16, 2025 [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2]. Group 3: Company Overview - Aqua Metals is focused on revolutionizing metals recycling with its proprietary AquaRefining™ technology, which aims to provide high-purity, low-carbon battery materials [6]. - The company's approach is designed to reduce emissions, eliminate waste, and support a circular supply chain for critical minerals essential for electric vehicles and grid storage [6].