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Aqua Metals Returns To AquaRefinery To Complete V1.25 Electrolyzer Installation and Operation
Company expects to have the first upgraded electrolyzer operational by July 4th MCCARRAN, Nev., May 21, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:
About this update from Aqua Metals, Inc.
[{"type":"text","content":"Company expects to have the first upgraded electrolyzer operational by July 4th\nMCCARRAN, Nev., May 21, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing lead recycling with its AquaRefining™ technology, announced that key personnel have returned to the AquaRefinery in compliance with COVID-19 re-opening protocols and Nevada law. The Company is continuing infrastructure work, advancing the V1.25 electrolyzer build, installation and commissioning as well as continuing the demolition and recovery activities for the area of the plant that suffered damage from the November 2019 fire.\n This continued work, that was interrupted in March because of COVID-19 restrictions, is finalizing and validating the productization of its AquaRefining electrolyzers with key incremental improvements. The improvements currently under development are anticipated to build on the previous success that was demonstrated by predecessor electrolyzer models. These advancements are expected to further reduce costs and increase operating efficiency. “With our return to the AquaRefinery, we expect to complete the first V1.25 electrolyzer within 6 weeks, as previously guided, and begin operating it by July 4th. We plan to introduce further improvements throughout the summer. We will simultaneously work on demolition and recovery to restore other parts of the building,” said Steve Cotton, President and Chief Executive Officer. “In addition, we are quite pleased we have been able to recover nearly 100% of the stockpile of concentrate we produced in Q3 of 2019. This high value asset, that we own, allows us to operate the V.125 electrolyzers without the need to purchase battery and chemical feedstock or operate the breaking, separation and concentrate production areas, thus significantly reducing our costs to run V1.25.” The Company will provide additional updates leading up to the commissioning of its V1.25 electrolyzer via Twitter (follow us here) and the Company’s website. About Aqua Metals Aqua 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 a...