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Aqua Metals AQMS · USD

Industrials · US listing · 🇺🇸 United States

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1.50

+20.00%

Close of 9 Nov 2026, in USD

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About Aqua Metals

From its filings with the US Securities and Exchange Commission

SEC filings

Aqua Metals is based in Mccarran, Nevada and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker AQMS. The SEC classifies its business as secondary smelting & refining of nonferrous metals. In the fiscal year to 31 December 2024, it reported revenue of $0.

In its own words

Aqua Metals was incorporated in Delaware on June 20, 2014, to develop and commercialize metals recycling technologies based on its proprietary AquaRefining process. In 2015, the Company developed its initial AquaRefining technology for lead-acid battery recycling, and between 2017 and 2019 operated a demonstration facility that achieved sustained production of recycled lead using a smelterless process.

In 2021, the Company expanded its focus to lithium-ion battery recycling following the development of intellectual property applicable to lithium battery materials. The Company established its Innovation Center in the Tahoe-Reno Industrial Center (“TRIC”) to support research, development, and pilot-scale operations.

During 2022 and 2023, Aqua Metals demonstrated bench-scale and pilot-scale recovery of lithium, nickel, cobalt, copper, and manganese from lithium-ion battery black mass. The Company constructed and commissioned an integrated pilot system at its Innovation Center and began operating the system using an electricity-based process rather than high-temperature furnaces or conventional chemical refining methods.

Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Industrials
Industry
Commercial Services & Supplies
Listed since
31 Jul 2015
Employees
23
Head office
2500 PERU DR., MCCARRAN, NV, 89437
Incorporated in
DE
Classification
Secondary Smelting & Refining of Nonferrous Metals
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Mr. Vincent DiVitoIndependent Chairman of the Board$228,000
  • Mr. Stephen CottonPresident, Chief Executive Officer, Director, since 2015$1.5m
  • Mr. Eric WestChief Financial Officer
  • Mr. Benjamin TaeckerChief Engineering and Operations Officer$572,000
  • Mr. Eric GangloffIndependent Director
  • Mr. Steven HendersonIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
17
Environment
7
Social
12
Governance
32
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • AquaRefining process uses bio-degradable solvent for lead recycling.
  • Modular design allows small-scale LAB recycling without smelters.
  • AquaRefining separates lead compounds and plastic for efficient recycling.

Weaknesses

  • Only 23 employees limit operational scale and growth potential.
  • Sparks, Nevada headquarters location may restrict access to larger markets.
  • IPO in 2015 indicates limited recent capital investment.

Opportunities

  • Growing demand for LAB recycling in the US commercial services sector.
  • AquaRefining process can expand to other battery recycling markets.
  • Lead recycling market in Nevada offers potential for local partnerships.

Threats

  • Competition from traditional smelters in lead recycling.
  • Regulatory changes in US environmental laws could impact operations.
  • Dependence on lead acid battery recycling market fluctuations.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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