Aqua Metals, Inc. · NASDAQ:AQMS

Aqua Metals — Investor Presentation (August 2016)

15 slides from Aqua Metals's investor presentation, Aug 10, 2016

  1. Slide 1: Lead reinvented

    August 2016 “Lead reinvented” 6) AQUAMETALS NASDAQ: AQMS

  2. Slide 2: Safe Harbor

    Safe Harbor This document contains forward-looking statements concerning Aqua Metals, Inc., the lead-acid battery recycling incustn the intended benef ofits agreements with Inersate Batteries, the future of lead-acid battery recying via recycling facilities and the quality, oficioney and profitabili

  3. Slide 3: Planned for 160T lead/day

    + Planned for 160T lead/day 80T lead output per day by Q4 160T lead output by 2018 — 50% refined alloys / 50% pure lead + Key equipment installed on schedule + Experienced and capable operations team recruited, on site and leading commissioning NASDAQ: AQMS 3. METALS

  4. Slide 4: We did the heavy lifting and have all of the permits that we require

    We did the heavy lifting and have all of the permits that we require to operate! Worked with County, State and Federal Regulators to secure permits appropriate to our technology We have a Class Il Air Permit and were not subject to NESHAP ~ this is a massive benefit over smelting We did not require

  5. Slide 5: The requirement for NESHAP compliance is driven by high temperature

    The requirement for NESHAP compliance is driven by high temperature volatilization and fugitive emissions — inherent to smelting Processes which generate airborne emissions which need to be managed l i i te i Ag ie aN ~ AQUAMETALS NASDAQ: AQMS 5

  6. Slide 6: AquaRefining eliminates lead volatilization and fugitive emissions

    AquaRefining eliminates lead volatilization and fugitive emissions Wet processes with no opportunity to generate airborne emissions 1 NASDAQ. AGMS 6 ~ AQUAMETALS

  7. Slide 7: First module shipped, delivered to TRIC, installed in the AquaRefining Hall

    First module shipped Delivered to TRIC Installed in the from Alameda AquaRefining Hall NASDAQ. AGMS = 7 . METALS

  8. Slide 8: A substantial majority of the US battery production industry has now visited our facility

    A substantial majority of the US battery production industry has now visited our facility — Strong interest in our process and products NASDAQ: AQMS 8 METALS

  9. Slide 9: Estimated commissioning and ramp-up schedule

    Estimated commissioning and ramp-up schedule Commission & Test Ingot & Refining ‘AquaRefining Staffing pp Day shift p> Day shite > night shift Operators, Production Ramp-up Battery Breaker Bag House Desuit.| Watertreatment 29 tons 40 tonsp> 80 tons, Supervisors Operators D> nigh shit supenisors + Mi

  10. Slide 10: We continue to expand our strategic relationships

    We continue to expand our strategic relationships + Wirtz Manufacturing — Largest US supplier of battery making and battery recycling equipment - was our first investor (2014) — Supply breaking, separation and ingot making equipment + Battery Systems Inc — 2nd largest distributor and collector of ba

  11. Slide 11: Supplying licensed modules is our primary business objective

    Supplying licensed modules is our primary business objective NASDAQ: AGMS 11 Our plan is to expand our own capacity to ~800 Tonnes/day from 4-5 facilities — primarily using debt finance — Provides commercial validation and demonstration & training facilities to support licensing — TRIC will be expan

  12. Slide 12: Financials

    Financials + May 2016 - $5.1M private placement & $10M investment from Interstate Batteries! Capex spend for year to date 2016 - $13.7M Outstanding common shares on June 30, 2015 — 15,574,225 ee Operating Loss $(2.8M) $(1.1M) Net Loss? $(2.9M) $(3.0M) Loss Per Share $(0.20) $(0.68) Cash @ June 30, 2

  13. Slide 13: Obstacles we overcame and the lessons we learned

    Obstacles we overcame and the lessons we learned Permitting our CA headquarters was harder than our NV facility - Caused a ~6 month delay to our lab and engineering work There appeared to be concentrated external interference with our air permit application — Caused a delay but established a critica

  14. Slide 14: Key takeaways

    Key takeaways + We have demonstrated the benefits of our technology with respect to permitting — and this has been exceptionally well received by potential licensees. + We are generating much stronger and more urgent interest with potential suppliers and customers, evidenced by our recently announce

  15. Slide 15: Contact

    Contact + Meet with Aqua Metals on Future Road Shows: Throughout the next 12 months, management will visit both coasts and attend multiple investor/industry conferences INVESTOR RELATIONS CONTACT: AQUA METALS CONTACT: Greg Falesnik Thomas Murphy ‘Senior Vice President Chief Financial Officer 1-949-3

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