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Aqua Metals faces probe amid "retrofit" setback

Tue, 12/12/2017 - 10:44 -- Xuan Zhong
Aqua Metals faces probe amid "retrofit" setback

US lead-acid battery recycling start-up Aqua Metals is facing a probe into “possible securities fraud violations” as it launches a “retrofit” of equipment to tackle new production problems.

The blows come just weeks after the firm, which is seeking to commercialise a water-based recycling process, posted further losses and said it was “significantly behind schedule” with production plans.

 

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