Aqua Metals, Inc.

Aqua Metals, Inc. has been selected as the industrial partner for a U.S. Department of Energy (DOE)-funded research program led by Idaho National Laboratory (INL). This collaboration aims to advance next-generation battery recycling technologies by evaluating electrochemically driven alternatives for separating nickel and cobalt from lithium-ion battery recycling streams. Aqua Metals will leverage its expertise, pilot-scale operations, and Tahoe-Reno Innovation Center infrastructure for the project, which reinforces its position as a technology leader and highlights the versatility of its platform across various battery chemistries. The company does not anticipate a material impact on its near-term financial results from this project.

Aqua Metals reported its first quarter 2026 operational and financial results, highlighting continued progress in commercializing its AquaRefining™ technology for lithium battery recycling. The company is advancing site selection and engineering for its first commercial facility. Aqua Metals also announced it will not proceed with the acquisition of Lion Energy under the previously outlined terms, citing a disciplined approach to capital structure. For Q1 2026, the company reported a net loss of $(3.95) million, an improvement from $(8.32) million in Q1 2025.

Aqua Metals reported a net loss of $3.95 million for the first quarter of 2026, a significant improvement from the $8.32 million loss in the prior year, primarily due to the absence of a large impairment charge. Despite the reduced loss, the company experienced increased cash used in operating activities and a substantial decrease in cash and cash equivalents. Management issued a going concern warning, citing continuing losses and the need for additional capital, though it continues to utilize its At-the-Market (ATM) offering program.

Aqua Metals, Inc. announced it will report its financial results for the first quarter ended March 31, 2026, and provide a business update on Thursday, May 14, 2026. The company will also host a conference call on the same day at 4:30 p.m. ET. Investors can access the live conference call and replay through the investor relations section of Aqua Metals' website.

Aqua Metals, Inc. filed an amendment to its 2025 Annual Report on Form 10-K to include previously omitted information regarding Part III, Items 10 through 14. This amendment details the appointment of Eric West as Chief Financial Officer effective May 19, 2025, and provides comprehensive executive compensation data for 2025 and 2024 for its named executive officers. The filing also outlines the company's corporate governance structure, including board composition, committee activities, and policies such as the Executive Officer Clawback Policy.