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Aqua Metals Closes $13 Million Capital Raise with Prominent Institutional Investor, Company Poised to Accelerate Commercialization Strategy
RENO, Nev., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling with its proprietary
About this update from Aqua Metals, Inc.
[{"type":"text","content":"RENO, Nev., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium battery recycling with its proprietary AquaRefining™ technology, today announced it has closed a $13 million registered direct offering with a leading institutional investor. The transaction was executed as a shelf takedown. Gross proceeds of $13 million will further strengthen Aqua Metals’ balance sheet—already improved this quarter—and provide growth capital to advance the Company’s near-term commercialization and expansion initiatives. The successful offering enhances Aqua Metals’ financial flexibility and access to strategic growth funding as it transitions focus from pilot operations to commercial deployment. The Benchmark Company LLC, a StoneX Company, served as sole placement agent and financial advisor for the transaction. Progress Toward First Commercial ARC Facility Aqua Metals is conducting due diligence on two potential sites for its first commercial AquaRefining™ Campus (“ARC”) facility, which will represent the next evolution of the Company’s low-emissions, best-in-class economic recycling process. Each prospective site offers co-location synergies for both feedstock sourcing and product offtake, as well as favorable construction and operating cost profiles. Proceeds from the recent capital raise will be used to advance site-specific design and engineering plans, as well as to support permitting and pre-construction activities following completion of diligence and related agreements. Once operational, the first ARC facility is expected to show the scalability of Aqua Metals’ demonstration plant proven electro-hydrometallurgical process, providing what the Company believes would be the first domestic, sustainable alternative to conventional smelting and chemical refining of black mass. Supporting U.S. Critical Minerals and National Security Initiatives Aqua Metals supports the growing national consensus that domestic critical mineral recycling and refining are essential to U.S. economic resilience, job creation, and national security. As the United States moves to reduce reliance on foreign-controlled supply chains, Aqua Metals’ proprietary process, capable of producing battery-grade lithium carbonate, nickel in offtaker flexible forms (metal, nickel carbonate, nickel sulfate, nickel in NMC cake form) and...