Aqua Metals Advances Sierra ARC Facility with Key Installations and Operational Milestones

Proactive - Interviews for investors

Aqua Metals CEO Steve Cotton joined Steve Darling from Proactive to provide an update on the significant progress made at the company’s first commercial-scale black mass recycling facility, known as the Sierra ARC, during the second quarter of 2024. The facility, which is central to Aqua Metals' mission to lead in sustainable battery recycling, has seen substantial advancements, including the completion of a five-megawatt utility power upgrade, the installation of critical infrastructure like switchgear and steel superstructures, and the addition of essential equipment such as evaporation systems, tanks, and controls systems. Cotton shared with Proactive that the pilot facility has been consistently operating on a 24x5 schedule, demonstrating the scalability and efficiency of Aqua Metals’ proprietary AquaRefining technology. This continuous operation not only underscores the robustness of their technology but also serves as a vital source of process validation data. This data is crucial for the due diligence processes conducted by potential financing partners who are considering investments in the facility. Aqua Metals is actively engaging with these financing partners to secure the necessary funds for the completion of the Sierra ARC build-out. The company is focused on structuring this financing in a way that avoids burdensome debt service, exploring options such as project finance, strategic financial partnerships, and industry investments. Cotton emphasized that these efforts are aligned with Aqua Metals’ broader strategy to establish a financially sustainable and industry-leading recycling operation. The ongoing development of the Sierra ARC facility is a key milestone for Aqua Metals, marking a significant step towards full commercial operation. Once completed, the facility will be a critical component in the company's strategy to recycle critical metals from used batteries, supporting the circular economy and reducing environmental impact. With these advancements, Aqua Metals continues to position itself at the forefront of innovation in the battery recycling industry. #proactiveinvestors #aquametalsinc #nasdaq #aqms #CleanEnergy #LithiumRecycling #SteveCotton #SierraArc #SustainableTech #EVBatteries #CircularEconomy#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews