Benzinga | Sep 22, 2020 08:07AM EDT

Aqua Metals Announces Intention To Sell McCarran, Nevada Plant As Part Of Its Non-Core Asset Disposition And AquaRefining Licensing Strategy

MCCARRAN, Nev., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS) ("Aqua Metals" or the "Company"), which is reinventing lead recycling with its AquaRefining(tm) 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.