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Aqua Metals share offering follows ‘pure lead milestone’

Thu, 06/21/2018 - 09:49 -- Xuan Zhong
Aqua Metals share offering follows ‘pure lead milestone’

US lead-acid battery-recycling start-up Aqua Metals is raising cash to expand its business after producing its first commercial high-grade lead following months of setbacks.

The company said on 13 June it intended to offer and sell shares of its common stock in an underwritten public offering— using the net proceeds “for working capital, which could include capital expenditures related to addressing operational efficiencies and the expansion of production activities” at its initial AquaRefining facility in McCarran, Nevada. 

 

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