Aqua Metals closes $6 million secured loan with Alpen


RENO, Nev., Oct. 03, 2022 (GLOBE NEWSWIRE) — Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), today reinventing metal recycling with its AquaRefining™ technology announced that the company has entered into a $6 million secured loan with Alpen Mortgage, Northern Nevada’s premier private lender. The loan provides a non-dilutive pathway to increase the company’s cash position and secure sufficient resources to generate income.

“This loan provides additional resources and liquidity to continue investing in our business in a prudent and strategic manner, avoiding dilution and giving us greater flexibility as we move towards closing pending real estate transactions that will significantly increase our capital”, commented Steve Cotton. , President and CEO of Aqua Metals. “We remain on track to have our Innovation Center pilot plant commissioned in the coming weeks, an important step in our evolution. Additionally, we have secured all the black mass we need through the end of 2023. Through this transaction, we have secured funding through the end of 2023, allowing us to expand our operations and generate revenue through our patented AquaRefining™ process.

The $6 million note closed on September 30, 2022 and has a term of 24 months. The note includes interest at a fixed rate of 8.5%. Monthly payments are interest only from November 1, 2022. All outstanding principal and remaining unpaid interest are due 24 months from the closing date. The loan is secured by commercial property.

Additional details regarding the loan will be included on a Form 8-K, to be filed with the Securities and Exchange Commission after closing.

About Aqua Metals
Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing metal recycling with its patented AquaRefining™ hydrometallurgical technology and providing sustainable metal recycling for mission-critical materials for energy storage applications. Unlike smelting, AquaRefining is a room temperature water-based process that emits less pollution. Aqua Metals is applying its business principles of clean, water-based recycling technology to develop the cleanest, most cost-effective recycling solution for lithium-ion batteries beginning with its Li pilot plant. The company is ramping up production of Li recycling and exploring joint venture and licensing opportunities for all AquaRefining technologies. Aqua Metals is based in Reno, Nevada. To learn more, please visit

Aqua Metals Social Media
Aqua Metals has used, and intends to continue to use, its investor relations website (, in addition to its Twitter, LinkedIn and YouTube accounts at (@AquaMetalsInc), and respectively, as a way to disclose material nonpublic information and to comply with its disclosure obligations under Regulation FD.

Safe Harbor
This press release contains forward-looking statements regarding Aqua Metals, Inc. Forward-looking statements include, but are not limited to, our plans, goals, expectations and intentions and other statements containing words such as “expects” , “envisions”, “anticipates”, “plans”, “intends”, “believes”, “estimates”, “potential” and variations of such words or similar expressions which convey uncertainty of events or future results, or that do not relate to historical matters. Forward-looking statements in this press release include our expectations regarding our ability to complete the $6 million loan with Alpen Mortgage; the expected benefits of the Alpen Mortgage, including the ability of the loan proceeds to finance the company through to revenue-generating operations; our ability to develop our AquaRefining technologies for recycling lithium-ion batteries; and the expected benefits of our Innovation Center. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially. These factors include: (1) the risk that we may not be able to complete the Alpen Mortgage Loan or, if we do, realize the expected benefits of the loan; (2) the risk that we may not be able to recycle lithium-ion batteries using our AquaRefining process or, if we do, derive the expected benefits from such recycling; (3) the risk that licensees will refuse or be slow to adopt our AquaRefining process as an alternative to smelting despite the perceived benefits of AquaRefining; (4) the risk that we may not realize the expected economic benefits of any licenses we may enter into; (5) the risk that we may not be able to access additional capital, through the sale of our TRIC facilities and equipment or otherwise, as needed and (6) the other risks disclosed in the “Risk Factors” section. included in our Annual Report on Form 10-K filed February 24, 2022. Aqua Metals cautions readers not to place undue reliance on forward-looking statements. The Company does not undertake and specifically disclaims any obligation to update or revise these statements to reflect new circumstances or unforeseen events as they occur, except as required by law.

Contact information:

Investor Relations
Contact: Robert Meyers, FNKIR
[email protected]

Public Relations Media
Contact: Ariane Wolff, Warner Communications
[email protected]

Source: Aqua Metals


Comments are closed.