AQMS

Aqua Metals, Inc. operates as a clean technology company focused on recycling lead and lithium-ion batteries through its proprietary hydrometallurgical process. Headquartered in McCarran, Nevada, the company developed AquaRefining, an electrochemical technology that replaces traditional lead smelting with a room-temperature, water-based system that produces ultra-pure lead and eliminates toxic emissions. The company operates a recycling facility in Nevada's Tahoe-Reno Industrial Center with a nameplate capacity of 16,000 metric tons of lead annually. Aqua Metals pivoted its business model in recent years to license its technology rather than operate large-scale recycling facilities directly, partnering with battery manufacturers and recyclers globally. The company expanded its focus beyond lead-acid batteries to develop lithium-ion battery recycling capabilities through its Li AquaRefining process, positioning itself in the growing electric vehicle battery recycling market. In 2022, Aqua Metals established a joint venture with Veolia North America to commercialize its lithium battery recycling technology. As a publicly traded company on NASDAQ under ticker AQMS, Aqua Metals maintains a relatively small workforce of approximately 30-40 employees. The company generates limited revenue as it continues developing and commercializing its technology platform, focusing on pilot programs and licensing agreements rather than full-scale commercial operations.