Company continues to pursue financing for Sierra ARC through commissioning, impacted by further dips in battery minerals pricing;
Deploys cash preservation initiatives, and extends pilot operations to support continued strategic partner development
RENO, Nev., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS), a pioneer in sustainable lithium battery recycling, today provided an update on its progress and strategic initiatives. Development of its first commercial scale black mass recycling facility, the Sierra ARC, has progressed throughout Q2, including completion of a five megawatt upgrade of utility power, installation of switchgear, steel superstructures, equipment platform with two overhead cranes, as well as equipment deliveries, including tanks, evaporation systems, controls systems, and other key equipment.
