Installation Phase 1 in Taiwan Produces Ultra High Purity Pb AquaRefined Lead
Li AquaRefining’s pilot installation is on track and will recycle high-value minerals from black mass in Q4
RENO, NV, October 25, 2022 (GLOBE NEWSWIRE) — Aqua Metals Co., Ltd. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), a leading innovator in metals recycling using AquaRefining™ technology, today shared three important updates.
- Comparative environmental figures (Figure 1) show Li AquaRefining’s CO superiority over current lithium-ion battery recycling technologies at current scale.2 Emissions and sodium sulfate waste streams
- Lead (Pb) on-schedule production using Pb AquaRefining at ACME Metal Enterprise, Taiwan’s AQMS partner
- The imminent start-up of the company’s US-based Li AquaRefining pilot plant is now on schedule to meet the company’s goal of producing high-purity metals in the fourth quarter of 2022.
This progress is a testament to Aqua Metals’ position as a breakthrough recycling innovator in the fast growing, high demand and critical battery minerals industry. In fact, AQMS is the first of his LiB recycling companies to recover all vital minerals from used lithium-ion batteries and return them to his chain of battery supplies in the United States. This puts AQMS in a position to support initiatives by EV and battery manufacturers to meet tax credits. This is a requirement for electric vehicle (EV) production under the Inflation Reduction Act of 2022, which requires 40% of the value of all battery materials to be produced in the United States by 2023, increasing to 100% by 2029. I have.
Quantifying Success: AquaRefining’s Environmental Advantage
Aqua Metals recently environmental comparison Using Competitor Data Obtained from everbatClosed-loop battery recycling cost and environmental impact model from Argonne National LaboratoryInitial results show that AquaRefining takes a cleaner approach to LiB recycling and produces much less CO.2 It reduces the waste stream over the two main processes currently being evaluated in the market, pyro-based (smelting) and other hydro-powered recycling methods under development.
“Aqua Metals recycles minimal chemicals in its closed-loop process, resulting in a relatively small waste stream compared to other commercial processes,” said vice president of commercials at Aqua Metals. One David Regan said: “Aquametals’ unique recycling process paves the way to achieving net zero emissions, making us the recycling partner of choice for companies that need to recycle lithium-ion batteries while reducing their carbon footprint. .”
Taiwan Pb AquaRefining Pilot Program
In September 2022, Aqua Metals will ACME Metal Enterprise Implementing AquaRefining technology at a facility in Keelung, Taiwan. October saw successful commissioning and lead production of the AquaRefining unit. “This facility marks Aqua Metals’ vision of producing ultra-pure lead through recycling in the APAC region, the world’s largest and fastest growing lead market, through the only proven green method. Meet the goal of Aqua Metal.
US Li AquaRefining Pilot Plant Progress
Aqua Metals’ fully integrated pilot system, located in the company’s Innovation Center at the Tahorino Industrial Center in Nevada, is on track to meet the company’s goal of producing high-value minerals in the fourth quarter of 2022. Yes, to host potential strategic partner visits in Q4, moving to Q1 2023. This accelerates the pace of AQMS reaching its goal of being the first in North America to recycle battery minerals from Blackmass for sale in the U.S., positioning the company as the first of his LiB recyclers in North America.US government goal to keep strategic battery minerals in the US
“Aqua Metals is at an inflection point,” said Steve Cotton, President and CEO of Aqua Metals.
Right recycling technology at the right time
that is predicted According to the International Energy Agency, there will be approximately 140 million EVs worldwide by 2030, creating enormous demand for LiBs and the key minerals used in their production. In addition to the high costs, geopolitical risks, human rights abuses, and environmental concerns associated with mining some of the metals used in lithium-ion batteries, mining alone will not meet the demands of this exponentially growing market. I can not do it.
More than 15 million tonnes of LiBs expected to be scrapped between now and 2030 will be recycled sustainably to meet the carbon reduction targets set by the US and EU governments and major companies. is needed. Recycling also allows us to keep these strategic minerals within the United States, helping to defend against the compromised supply chain of lithium-ion battery manufacturing.
In conclusion, David Regan said: With the large and rapid supply of used His LiBs already, it is imperative to build an environmentally sustainable, cost-effective and scalable recycling infrastructure from the start. ”
Figure 1 – Comparison of Environmental Figures
Environmental comparison of AQUAMETAL based on data from other companies everbatClosed-loop battery recycling cost and environmental impact model from Argonne National LaboratoryTo view additional images related to this press release, please visit https://ir.aquametals.com/press-releases.
About Aquametal
Aqua Metals, Inc. (NASDAQ: AQMS) reinvents metals recycling with its patented hydrometallurgical AquaRefining™ technology, providing sustainable metals recycling of strategic materials for energy storage applications. increase. Unlike smelting, AquaRefining is a clean, room temperature, water-based process. Applying the principles of commercialized clean closed-loop recycling technology, Aqua Metals develops the cleanest and most cost-effective recycling solution for lithium-ion batteries, starting with a Li pilot plant. The company is expanding its lithium recycling production and is exploring opportunities with his JV and licensing of all his AquaRefining technology. Aqua Metals is based in Reno, Nevada. For more information, please visit www.aquametals.com.
Aquametal social media
In addition to the following Twitter, LinkedIn and YouTube accounts, Aqua Metals uses and will continue to use an investor relations website (https://ir.aquametals.com). https://twitter.com/AquaMetalsInc (@AquaMetalsInc), https://www.linkedin.com/company/aqua-metals-limited and https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ, respectively, as a means of disclosing material non-public information; and with disclosure obligations under Regulation FD as a means of compliance.
safe harbor
This press release contains forward-looking statements regarding Aqua Metals, Inc. Forward-looking statements include, but are not limited to, our plans, objectives, expectations, intentions and other statements containing words such as “expect,” “consider,” and the like. “anticipate”, “plan”, “intend”, “believe”, “estimate”, “may” and convey uncertainty about future events or outcomes, or to be historical are unrelated variations of such words or similar expressions. The forward-looking statements in this press release express our expectations for our ability to develop AquaRefining technology for lithium-ion battery recycling and our expectations of our innovation center and our ability to recycle lithium-ion batteries and our AquaRefining technology. It contains the benefits expected from the deployment. Equipment to partner facilities in Taiwan. 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 the lithium-ion batteries may not be recycled using our AquaRefining process or, if recycled, the expected benefits from such recycling may not be obtained; (2) Benefits expected from the proposed pilot operation to be deployed at the Aqua Metals Innovation Center. (3) the risk that the Licensee will refuse or delay adoption of his AquaRefining process as an alternative to smelting, despite the perceived benefits of AquaRefining; (4) the risk that we may not be able to realize the economic benefits expected from any licenses we may enter into; (5) the risk that, if necessary, we may not be able to sell or otherwise access additional capital to TRIC facilities and equipment; 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 undertakes, and expressly disclaims, any obligation to update or revise such statements to reflect new circumstances or unforeseen events arising, except as required by law.
contact address:
PR for investors
Contact: Robert Meyers, FNK IR
646-878-9204
aqms@fnkir.com
PR media
Contact: Ariane Wolfe, Warner Communications
978-729-3542
ariane@warnerpr.com
Source: Aqua Metals
