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Aqua Metals, Inc. (AQMS)

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0.9150+0.0500 (+5.78%)
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Neutralpattern detected
Previous Close0.8650
Open0.8780
Bid0.8895 x 4000
Ask0.9199 x 800
Day's Range0.8665 - 0.9300
52 Week Range0.3300 - 1.9900
Volume24,023
Avg. Volume329,170
Market Cap60.14M
Beta (5Y Monthly)1.23
PE Ratio (TTM)N/A
EPS (TTM)-0.5300
Earnings DateAug 04, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Aqua Metals Announces Intention to Sell McCarran, Nevada Plant as Part of Its Non-Core Asset Disposition and AquaRefining Licensing Strategy

    Company Accepting Bids for Land and Building Through December 11, 2020MCCARRAN, Nev., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead recycling with its AquaRefining™ technology, announced today that as part of its accelerated equipment supply and licensing strategy, which includes the disposition of non-core assets, the Company has officially placed its novel lead acid battery recycling plant for sale. The Company built and then operated the demonstration plant commercially through 2019 and successfully manufactured over 35,000 ingots of ultrapure AquaRefined lead. The Company believes it has achieved the demonstration purposes of the plant, resulting in the successful validation of AquaRefining technology and commercial sale of ultrapure lead. As stated previously, and as part of its long-term business strategy, the Company now plans to monetize this non-core asset with the sale of the plant as a means of financing the Company’s continued acceleration of its core business of becoming an equipment supplier and licensor of AquaRefining technologies. The Company intends to market the land and building as a general use industrial facility. Residing on 11.5 acres, the 136,000 square foot plant contains 14,000 square feet of operational office space. The facility also includes three exterior dock doors with seven exterior grade level doors, 13,000 amps of total building power and a temperature-controlled warehouse with negative or positive pressure.The Company has also initiated a separate effort to sell certain non-core lead recycling equipment into the secondary market for used equipment. The Company believes the land, building and non-core equipment may have a strong attraction as a fully-integrated package for any buyer looking to engage in lead recycling activities. The Company expects to apply the cash proceeds from the sale of the plant to further strengthen its balance sheet. The Company believes the sale proceeds, potential future insurance collections (total policy of $50M for equipment losses from the November, 2019 fire) and the $20.3M in insurance collected to date will be sufficient to fully fund the AquaRefining licensing business strategy as the Company transitions towards scalable revenues.“The AquaRefinery has been a successful launching pad for our novel AquaRefining technologies,” said Steve Cotton, President and Chief Executive Officer of Aqua Metals. “We have proven the technology to work and have demonstrated its commercial viability to industry partners with the sale of our recycled lead to Clarios at premium pricing and are now moving towards supplying AquaRefining equipment and licensing this technology. The plant will no longer be needed as we complete our V1.25L program at our leased, 14,000 square foot office and warehouse facility just a mile down the road. Given its strategic location in the highly desirable, but currently sold out, Tahoe-Reno Industrial Center, we believe this timely sale can significantly strengthen our balance sheet. The plant can become a renewed launching pad for another lead acid battery recycler, a lithium battery recycler or frankly any industrial process player looking to quickly get into this strategic location. Furthermore, if the eventual buyer turns out to be a lead acid battery recycler, there could be additional opportunities beyond just the sale of the plant and land, whereby Aqua Metals can also supply AquaRefining equipment and license our leading technology. Regardless of the buyer, we are looking forward to completing our accelerated shift to a capital-light business model and further fortifying our cash reserves in order to fuel the completion of our vision of providing the World with what we believe is a sorely needed environmental, capacity generating and product quality upgrade to the $65B+ lead acid battery industry.”The demolition and recovery work from the damage caused by the November, 2019 fire at the plant has commenced and the Company expects to complete a material amount of cleanup work throughout the remainder of this year as all physical damage inspections required by various experts have concluded. The Company has been advised by its commercial brokers that the clean-up activities will not materially impede the marketing of the land and building and that the marketing process can commence immediately.The sale of the McCarran facility is being managed through a bid process by D|C|G (Dickson Commercial Group). The full listing can be seen at the link: 2500 Peru Drive Property Brochure. Interested parties may contact D|C|G directly: Joel Fountain (office) (775) 850-3136 (email) jfountain@dicksoncg.com, or Tom Fennell (office) (775) 850-3117 (email) tfennell@dicksoncg.com.About Aqua MetalsAqua Metals, Inc. (NASDAQ: AQMS) is reinventing lead recycling with its patented AquaRefining™ technology. Unlike smelting, AquaRefining is a room temperature, water-based process that emits less pollution. The modular systems are intended to allow the Company to vastly reduce environmental impact and scale lead acid battery recycling production capacity by licensing the AquaRefining technology to partners. This could help to meet growing demand for lead to power new applications including stop/start automobile batteries which complement the vehicle’s main battery, lead acid batteries which are in electric vehicles, Internet data centers, alternative energy applications including solar, wind, and grid scale storage. Aqua Metals is based in McCarran, Nevada.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 (@aquametalsinc), 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 HarborThis 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 land and building at our McCarran facility; the sufficiency of any sale proceeds coupled with any further insurance recovery to fund our operations and the development and completion of our V1.25 electrolyzer; the benefits of the V1.25 electrolyzer; 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 be able to sell the land and building at our McCarran facility on a timely basis, (2) the risk that we may not realize the sale proceeds we hoped for from the sale of the land and building, (3) the risk that the terms of any such sale may include indemnities or other provisions that pose potential contingent liability to Aqua Metals, (4) the risk that we may not be able to complete the development of our V1.25 electrolyzer; (5) the risk that we may not realize the expected benefits from our V1.25 electrolyzer; (6) the risk that our insurance recovery from our claims relating to the November 2019 fire at our TRIC facility and proceeds from the sale of legacy assets will not be sufficient to fund our accelerated licensing strategy; (7) 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; (8) 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; (9) the risk that we may not realize the expected economic benefits from any licenses we may enter into; (10) the risk that we will have to engage in additional sales of our equity securities in order to fund our future operations; (11) the risk that further funding, by any means, may not be available at all; (12) 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; (13) the risk that our patents and any other patents that may be issued to it may be challenged, invalidated, or circumvented; (14) the risk that we may not be able to successfully conclude our proposed joint development agreement with Clarios or, if we do, realize the expected benefits of such agreement; (15) changes in the federal, state and foreign laws regulating the recycling of lead acid batteries; (16) our ability to protect our proprietary technology, trade secrets and know-how and (17) those other risks disclosed in the section "Risk Factors" included in our Quarterly Report on Form 10-Q filed on August 4, 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

  • GlobeNewswire

    Comstock Mining Announces New Director; Sets Annual Meeting and Record Dates

    VIRGINIA CITY, Nev., Sept. 16, 2020 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) announced today the election of Mr. Judd B. Merrill, 49, to its Board of Directors. Mr. Merrill is currently the Chief Financial Officer of Aqua Metals, Inc. a clean AquaRefining™ metal recycling technology, since 2018.Mr. Merrill brings extensive public company mining and clean mineral technology industry experience to Comstock. Prior to joining Aqua Metals (NASDAQ: AQMS), Mr. Merrill was the Chief Financial Officer of Comstock, and the Director of Finance & Accounting at Klondex Mines Ltd., a North American based gold and silver mining company that, prior to its acquisition by Hecla Mining Company was a $500 million, publicly traded company listed on the both New York and the Toronto Stock Exchanges. Mr. Merrill previously held financial management positions at Fronteer Gold Inc. and Newmont Mining Corporation. Mr. Merrill started his career as an auditor, working for the independent accounting firm of Deloitte and Touche.Mr. Corrado De Gasperis, Executive Chairman and CEO, said, “We are very pleased to welcome Judd Merrill to Comstock’s Board of Directors. His mining, clean technology, financial and public company experience makes him a productive and valuable independent director for our shareholders, especially as we implement our precious-metal focused strategic plans and commercialize our environment-enhancing, clean mercury technologies.” Mr. Merrill was previously employed by Comstock Mining Inc. for over six years, with financials positions of increasing responsibility, including Chief Financial Officer and Corporate Secretary. Mr. Merrill has been away from Comstock for over three years and qualifies as an independent director and we look forward to introducing him to our shareholders at the 2020 Annual Meeting of Shareholders.  The 2020 Annual Meeting of Shareholders is scheduled for Wednesday, November 18, 2020, at the historic Brewery Arts Center, 449 W. King Street, Carson City, Nevada. The meeting will begin at 9:00 a.m., and will include an update on the Company’s corporate alignment, geological developments and the gold industry. The 2020 Annual Meeting schedule for November 18, 2020, is as follows: 8 a.m. – 9 a.m. - Continental Breakfast 9 a.m. – Noon - 2020 Annual Shareholders Meeting, Company Presentations, Q & A Lunch will be served at the Brewery Arts Center following the presentations. For the convenience of Shareholders, they may attend the Annual Meeting through a webcast at: www.virtualshareholdermeeting.com/LODE2020 Due to COVID-19 guidelines put forth by the State of Nevada, seating is limited for Shareholders and is based on a first-come, first-served basis by registering at the Company website: https://www.comstockmining.com/investors/asm2020/The record date for the Annual Meeting is September 24, 2020.  Only shareholders of record at the close of business on September 24, 2020, may vote at the meeting.  The Company’s proxy statement will be sent to shareholders of record and will describe the matters to be voted upon.About Comstock Mining Inc. Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining that is currently commercializing environment-enhancing, precious-metal-based technologies, products and processes for precious metal recovery. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The Company’s goal is to grow per-share value by commercializing environment-enhancing, precious-metal-based products and processes that generate predictable cash flow (throughput) and increase the long-term enterprise value of our northern Nevada based platform. Forward-Looking Statements This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: consummation of all pending transactions; project, asset or Company valuations; future industry market conditions; future explorations, acquisitions, investments and asset sales; future performance of and closings under various agreements; future changes in our exploration activities; future estimated mineral resources; future prices and sales of, and demand for, our products; future impacts of land entitlements and uses; future permitting activities and needs therefor; future production capacity and operations; future operating and overhead costs; future capital expenditures and their impact on us; future impacts of operational and management changes (including changes in the board of directors); future changes in business strategies, planning and tactics and impacts of recent or future changes; future employment and contributions of personnel, including consultants; future land sales, investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; the nature and timing of and accounting for restructuring charges and derivative liabilities and the impact thereof; contingencies; future environmental compliance and changes in the regulatory environment; future offerings of equity or debt securities; the possible redemption of debentures and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: counterparty risks; capital markets’ valuation and pricing risks; adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over title to properties; potential dilution to our stockholders from our stock issuances and recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting businesses; permitting constraints or delays; decisions regarding business opportunities that may be presented to, or pursued by, us or others; the impact of, or the non-performance by parties under agreements relating to, acquisitions, joint ventures, strategic alliances, business combinations, asset sales, leases, options and investments to which we may be party; changes in the United States or other monetary or fiscal policies or regulations; interruptions in production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors or others; assertion of claims, lawsuits and proceedings; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund or any other issuer.Contact information: Comstock Mining, Inc. P.O. Box 1118 Virginia City, NV 89440 www.ComstockMining.com   Corrado De Gasperis Executive Chairman & CEO Tel (775) 847-4755 degasperis@comstockmining.com Zach Spencer Director of External Relations Tel (775) 847-5272 ext.151 questions@comstockmining.com

  • GlobeNewswire

    Aqua Metals to Present at the H.C. Wainwright 22nd Annual Global Investment Conference

    MCCARRAN, Nev., Sept. 10, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead recycling with its AquaRefining™ technology, announced that the Company will be presenting at the H.C. Wainwright Global Investment Conference, taking place September 14-16, 2020. The conference will be held virtually and include a group presentation as well as one on one meetings with H.C. Wainwright clients. Aqua Metal's Chief Executive Officer, Steve Cotton and Chief Financial Officer, Judd Merrill are scheduled to present the business to the group at 9:30 a.m. EDT / 6:30 a.m. PDT on September 16, 2020. Shareholders and other interested parties are welcome to attend the open webcast and listen to the presentation by registering in advance at the following link: https://wsw.com/webcast/hcw7/aqms/1610818. About Aqua MetalsAqua Metals, Inc. (NASDAQ: AQMS) is reinventing lead recycling with its patented AquaRefining™ technology. Unlike smelting, AquaRefining is a room temperature, water-based process that emits less pollution. The modular systems are intended to allow the Company to vastly reduce environmental impact and scale lead acid battery recycling production capacity by licensing the AquaRefining technology to partners. This could help to meet growing demand for lead to power new applications including stop/start automobile batteries which complement the vehicle’s main battery, lead acid batteries which are in electric vehicles, Internet data centers, alternative energy applications including solar, wind, and grid scale storage. Aqua Metals is based in McCarran, Nevada.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 (@aquametalsinc), 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 HarborThis 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 development and completion of our the V1.25 electrolyzer and the benefits of the V1.25 electrolyzer 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 be able to complete the development of our V1.25 electrolyzer; (2) the risk that we may not realize the expected benefits from our V1.25 electrolyzer; (3) the risk that our insurance recovery from our claims relating to the November 2019 fire at our TRIC facility and proceeds from the sale of legacy assets will not be sufficient to fund our accelerated licensing strategy; (4) 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; (5) 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; (6) the risk that we may not realize the expected economic benefits from any licenses we may enter into; (7) the risk that we will have to engage in additional sales of our equity securities in order to fund our future operations; (8) the risk that further funding, by any means, may not be available at all; (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 to it may be challenged, invalidated, or circumvented; (11) the risk that we may not be able to successfully conclude our proposed joint development agreement with Clarios or, if we do, realize the expected benefits of such agreement; (12) changes in the federal, state and foreign laws regulating the recycling of lead acid batteries; (13) our ability to protect our proprietary technology, trade secrets and know-how and (14) those other risks disclosed in the section "Risk Factors" included in our Quarterly Report on Form 10-Q filed on August 4, 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