Aqua Metals (AQMS) Registration Filing summary

Company overview and business model

• Focuses on reinventing metal recycling with proprietary AquaRefining technologies for cleaner, safer, and more sustainable processes.

• Aims to supply high-purity recycled metals, especially from lithium-ion batteries, to the manufacturing supply chain while reducing emissions and hazardous byproducts.

• Operates a pilot facility demonstrating recovery of lithium, nickel, cobalt, manganese dioxide, and copper for resale and battery precursor production.

• Explores additional applications for its technology in emerging battery chemistries and custom product development.

Financial performance and metrics

• The most recent audited financial statements for fiscal years ended December 31, 2024 and 2023, are incorporated by reference, with an explanatory paragraph noting substantial doubt about the company's ability to continue as a going concern.

Use of proceeds and capital allocation

• May offer up to $100,000,000 in securities, with specific use of proceeds to be detailed in future prospectus supplements.