Aqua Metals (AQMS) investor relations material

Company overview and business model

• Focuses on reinventing metal recycling with patented AquaRefining technologies for cleaner, safer, and more sustainable processes, targeting critical minerals for the manufacturing supply chain while reducing emissions and toxic byproducts.

• AquaRefining uses a closed-loop, electricity-powered electroplating process to recover high-purity metals from spent batteries, aiming to replace traditional polluting methods.

• Demonstrating the ability to process commercial quantities of high-purity lithium, nickel, cobalt, manganese dioxide, and copper from lithium-ion batteries at its pilot facility.

• Exploring additional applications of AquaRefining for emerging battery chemistries and custom product development at its Innovation Center.

Financial performance and metrics

• As of the prospectus date, 177,283 shares had been sold to Lincoln Park for gross proceeds of $903,392 under the Purchase Agreement.

• Up to $10 million in aggregate gross proceeds may be raised through the sale of common stock to Lincoln Park, with $9,096,608 remaining available.

• The company had 1,848,968 shares outstanding prior to the offering, with a potential increase to 2,848,968 shares if all 1,000,000 shares are sold.

Use of proceeds and capital allocation

• Proceeds from sales to Lincoln Park will be used for working capital and general corporate purposes.

• The company will not receive proceeds from the resale of shares by Lincoln Park.