Aqua Metals announces operational milestones at pilot facility

Aqua Metals (AQMS) announced operational milestones achieved at its pilot facility, demonstrating the effectiveness and scalability of its proprietary Li AquaRefining process. The company also announced the closing of a $1.5M bridge loan to fund operations, while the Company continues to pursue ongoing due diligence and strategic initiatives for long-term financing. Aqua Metals recently completed the first multi-week continuous operation campaign at its pilot facility outside Reno, demonstrating its ability to deliver exceptional recovery rates and produce battery-grade critical minerals. Key accomplishments include: High Recovery Rates: Achieved over 99% recovery rates for lithium, cobalt, and nickel from black mass using Aqua Metals’ proprietary leaching process and 100% recycled solvent, lowering recycling costs and eliminating waste. Battery-Grade Lithium Carbonate: Produced over 600 lbs. of battery-grade lithium carbonate to date in December. Nickel and Cobalt Production: Recovering nickel at 96.5%+ purity and cobalt at 99%+ purity levels. The Company has designed the Sierra ARC to achieve consistent battery-grade metals production. Enhanced Process Controls: Demonstrated advanced controls that improved throughput and efficiency, setting the stage for scalability at the commercial level. Continuous Operations: Successfully operated the pilot facility around the clock for three weeks, achieving over 90% uptime.