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AQMS - Aqua Metals Inc News Story

$3.12 0.2  5.8%

Last Trade - 16/04/21

Sector
Basic Materials
Size
Small Cap
Market Cap £152.9m
Enterprise Value £148.4m
Revenue £78.1k
Position in Universe 4470th / 6850

Aqua Metals Invests in LINICO, a Cleantech Lithium-Ion Battery Recycling Innovator

Wed 17th February, 2021 11:45am
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Explores Opportunity to Expand AquaRefining™ Technology to Strategic Metals
Beyond Lead

MCCARRAN, Nev., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
AQMS) ("Aqua Metals" or the "Company"), a leading innovator in lead battery
metal recycling with its AquaRefining™ technology, is expanding into
lithium-ion battery recycling by investing in LINICO Corporation
(https://www.globenewswire.com/Tracker?data=_nFGRQDvWqNt89bSSuEBsza8FqqznRle3JP9IgU_jlU_VrcCAEhHm6FCTPNTGBRfTooe-ldXdufs7ZuYyc4hog==)
(“LiNiCo”). Previously, the Company and LiNiCo reached a lease-to-buy
agreement for the Aqua Metals' AquaRefining facility. Aqua Metals has
committed a $2 million investment, paid in Aqua Metals shares, for a 10%
ownership in LiNiCo, as part of its strategy to strengthen growth by
potentially applying AquaRefining™ intellectual property to lithium-ion
battery recycling while meeting its lead recycling commercial guidance.

Aqua Metals and three other innovative companies plan to form an eco-network
that intends to advance best-in-class technologies to recycle lithium-ion
batteries at volume, both economically and sustainably. The other proposed
members of the network include Green Li-ion, Pte, Ltd
(https://www.globenewswire.com/Tracker?data=_qz4YaXaU7_oKO60WzG9IYWimsRKSGFLJTfRnUV9mjh4xfATlRN6gHTBfssrt38xRoJ3zhkR2KSA9Eq-MuzICU7T9Q3Q6rChbcUzWB5iwJU=).
(“Green Li-ion”), whose mission is to create a lithium-ion battery
recycling technology designed to uniquely generate
(https://www.globenewswire.com/Tracker?data=bHD3aP2jc8J9AexGJpw0WLOou8bUD_qym0-3dUnZtKmbA7lE5Rk3l7wj6AZW8Z_tlQhnSULFctxUM-EtznMcAezqkDhRzeIuj8p40tj6W9w=)
high-purity, high-value cathode ready material; LiNiCo, a newly capitalized
cleantech aggregator focused on closed-loop lithium-ion battery recycling; and
Comstock Mining Inc
(https://www.globenewswire.com/Tracker?data=SkaIXweWKQK7mwIlVKnnzKjkJ8T3esx7QKcvCvKw1mljV1t6zt0hj8DLvSft3ohtB5OOo8GnECFmj99l9opDFNX3BgLgVmkuS23-8hpV0IA=).
(NYSE: LODE) (“Comstock”), which is engaged in the systemic valorization
of critical metals and announced today its majority investment in LiNiCo
(https://www.globenewswire.com/Tracker?data=cdQFIDsRgpLNaoIwAD2mwGNydoQ36Ia8g-9xgesXvxvtj4EmwZ32CP7kMYFlhHus6I6LIrWr_cil4wvDKob5TrndQe8i6Ll_mwh8ckhoq5tZxXAjKAdTupKBdNdfYV8yEWBLc9QK5U6hjp0RdhNSqceIuAqa_CYpOK5z7t1WEo4=). LiNiCo
is an investor in Green Li-ion, providing Aqua Metals with an indirect
investment in Green Li-ion.

"We are very pleased to work with Aqua Metals through our lease-to-buy
agreement for the McCarran recycling facility, Aqua Metals’ investment in
LiNiCo, and our participation in the eco-network," said Michael Vogel,
President, CEO and Founder of LiNiCo. "The shift to a sustainable clean energy
economy is a global imperative, and our goal is to ensure that the recycling
piece of the equation doesn’t undermine the positive potential of
sustainable clean energy systems and storage. The eco-network envisions
pooling resources and adopting complementary technologies to address the
challenge of building a closed-loop sustainable clean energy economy."

"We believe a collaboration strategy with innovative companies that have
multi-disciplinary backgrounds in metals, mining, high volume throughput, and
hydrometallurgy is the best approach to solving the sustainability challenge
of metals recycling, especially with lithium-ion batteries. Forming an
eco-network is an important step in our strategy for exploring the expansion
of AquaRefining technology to other applications," said Steve Cotton,
President and CEO of Aqua Metals. "According to Yole Développement
(https://www.globenewswire.com/Tracker?data=Y3Tt7kXaJjwq4EbqCVNHuhbopvAAQwXedoBAele6VdWM5Gys0B8r3-99x0BmGo7T6wFCUWz4eS_qR8zETkQfSb1kqOgEKEKrvqtY7lNZaUCuara1EBaEQbpgmfyHKIXf9C7_J8zYH_K4M3Ci6LaqFTs8-tZSSbLIGyF_68p-JISQ-mmJnxidvxn0MJ4iQyBWhd5PGIuBT7guJY0DzkQuXqp44jfXf3qal1JqRPsE2FF-IgdJhzg4w_jo1ldz5zId),
there will be about 705,000 tons of end-of-life lithium-ion batteries by 2025,
and by 2040 they will hit 9 million tons per year. Aqua Metals recognizes this
opportunity and intends to apply the same capital light business model we are
employing for lead recycling to the challenge of lithium-ion recycling by
developing an offering of equipment supply, services, and licensing to
lithium-ion battery recyclers globally. Our expertise in hydrometallurgical
lead recycling will continue to be the foundation of our strategy to further
commercialize AquaRefining technologies."

About Aqua Metals

Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metals recycling with its
patented hydrometallurgical AquaRefining™ technology. The modular
Aqualyzers™ cleanly generate ultra-pure metal one atom at a time, closing
the sustainability loop for the rapidly growing energy storage economy. The
Company’s offerings include equipment supply, services and licensing of the
AquaRefining technology to recyclers across the globe. Aqua Metals is based in
McCarran, Nevada. To learn more, please visit www.aquametals.com.

About LiNiCo

LINICO Corporation is an American based cleantech startup focused on creating
economically viable and environmentally sustainable technologies for
lithium-ion battery recycling. LiNiCo’s goal is to alleviate the global
reliance on harmful mining activities used in the production of critical raw
materials and to close-the-loop on sustainable end-of-life practices for
lithium-ion batteries. Additional information on LiNiCo is available online at
www.linico.io.

About Comstock

Comstock Mining Inc. is engaged in sustainable mineral development and
production of increasingly scarce strategic metals. The company is focused on
conservation-based, mineral and metal valorization essential to meeting the
demand for clean energy technologies. To learn more, please visit
www.comstockmining.com.

About Green Li-ion

Green Li-ion’s stated mission is to solve the existential risk to the
precious metals industry and the environment. Green Li-ion has developed a
patented technology that, according to the company, is cleaner, faster, and
more profitable than alternative lithium-ion battery recycling solutions.
Green Li-ion technology aims to produce 99.9% pure cathodes resulting in
manufacturing-ready cathode material for the lithium-ion battery industry. To
learn more please visit www.greenli-ion.com.

Aqua Metals Social Media

Aqua Metals has used, and intends to continue using, its investor relations
website (https://ir.aquametals.com), in addition to its Twitter, LinkedIn and
YouTube accounts
at https://twitter.com/AquaMetalsInc (@AquaMatalsInc), https://www.linkedin.com/company/aqua-metals-limited and
https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ respectively, as
means of disclosing material non-public information and for complying with its
disclosure obligations under Regulation FD.

Safe Harbor

This press release contains forward-looking statements concerning Aqua Metals,
Inc. Forward-looking statements include, but are not limited to, our plans,
objectives, expectations and intentions and other statements that contain
words such as "expects," "contemplates," "anticipates," "plans," "intends,"
"believes", "estimates", "potential" and variations of such words or similar
expressions that convey uncertainty of future events or outcomes, or that do
not relate to historical matters. The forward-looking statements in this press
release include our expectations for the sale of the McCarran facility, the
benefits of our new methodology for producing battery manufacturing ready
active material and the future of lead acid battery recycling via traditional
smelters. Those forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially. Among those factors are: (1) the risk that we may not realize the
expected benefits of our investment in LiNiCo; (2) the risk that we may not be
able to conclude an eco-network with Green Li-ion, LiNiCo and Comstock Mining
or, if we do, that we may not realize the expected benefits of the
eco-network; (3) the risk that we may not complete the development of our new
methodology for producing battery manufacturing ready active material, (4) the
risk that we may not realize the expected benefits from the new methodology;
(5) the risk that we may not be able to satisfactorily demonstrate to
potential licensees the technical and commercial viability of our V1.25
electrolyzer and AquaRefining process; (6) the risk that licensees may refuse
or be slow to adopt our AquaRefining process as an alternative to smelting in
spite of the perceived benefits of AquaRefining; (7) the risk that we may not
realize the expected economic benefits from any licenses we may enter into;
(8) the risk that we may not be able to access additional capital as and when
needed; (9) the fact that we have not generated any significant revenue to
date, thus subjecting us to all of the risks inherent in an early-stage
company; (10) the risk that our patents and any other patents that may be
issued may be challenged, invalidated, or circumvented; (11) changes in the
federal, state and foreign laws regulating the recycling of lead acid
batteries; (12) our ability to protect our proprietary technology, trade
secrets and know-how and (13) those other risks disclosed in the section "Risk
Factors" included in our Quarterly Report on Form 10-Q filed on October 22,
2020 and subsequent SEC filings. Aqua Metals cautions readers not to place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims any obligation, to update or revise such
statements to reflect new circumstances or unanticipated events as they occur,
except as required by law.

Contact: Glen Akselrod, Bristol Capital
(905) 326-1888, Ext. 1
glen@bristolir.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/871fef23-e7df-4995-ba01-56582ad62f9e)



GlobeNewswire, Inc. 2021
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