Aqua Metals, Inc.

Aqua Metals is engaged in the business of equipment supply, technology licensing, and related services for lead recycling through its patented and patent-pending hydrometallurgical AquaRefining technology. The company’s mission is to provide sustainable metal recycling for minerals strategic to energy storage applications, inclusive of lead, lithium, nickel, cobalt, manganese, copper, and others. The company aims to revolutionize the existing $20+ billion lead acid battery (LAB) recycling market by replacing furnaces and smelting with its room temperature, water-based modular equipment, resulting in a cleaner, safer working environment and a more sustainable global LAB recycling industry. Aqua Metals expanded into the lithium-ion battery (LIB) recycling marketplace with its $1.5 million investment in LINICO Corporation (LiNiCo) in February 2021. The company believes it can apply its AquaRefining technology to LIB recycling and filed a key provisional patent related to this process in early 2021. Aqua Metals views this as a potential growth opportunity and cites that the LIB recycling market will exceed LAB recycling later this decade. The company was founded in Oakland, California in 2014 and moved its headquarters to McCarran, Nevada in the Tahoe-Reno area in 2018.