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Aqua Metals

Aqua Metals not yet at ‘steady state’ operation

Tue, 08/14/2018 - 10:51 -- gerry@bestmag.co.uk
Aqua Metals lead ingot

Newly-appointed Aqua Metals president Steve Cotton, who left the novel lead-acid battery recycling firm just over a year ago, has admitted the company is still working on getting its process modules to “steady state” operation— and will probably be operating as little as four of them in the coming months to get things right as the company moves to scale.

Concentrating on the technology is unlikely to improve the company’s bottom line for some time. However, the original business model was premised on being able to sell fund development through the sale of sufficient refined lead. 

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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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Aqua Metals averts board challenge as interim CEO steps down

Wed, 05/16/2018 - 10:14 -- Xuan Zhong
Aqua Metals averts board challenge as interim CEO steps down

US lead-acid battery-recycling start-up Aqua Metals has buried the hatchet with a hedge fund accused of trying to “steal control” of the company— but lost another CEO in the process.

Aqua Metals has entered into a settlement agreement with Florida-based Kanen Wealth Management (KWM)— which had urged shareholders to vote for its director candidates to join the board at an upcoming crunch annual meeting of stockholders next month.

 

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JCI, Aqua Metals extend supply agreement

Wed, 05/09/2018 - 09:41 -- Xuan Zhong
JCI, Aqua Metals extend supply agreement

Johnson Controls International (JCI) and US lead-acid battery-recycling start-up Aqua Metals have agreed a one-year extension to an equipment supply agreement.

The two companies said last year they would collaborate on work that included converting existing lead smelters belonging to JCI and “certain strategic partners” to a lead recycling process utilising Aqua Metals’ AquaRefining technology.

 

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Aqua Metals appoints Mould as interim CEO

Wed, 05/02/2018 - 09:48 -- Xuan Zhong
Aqua Metals appoints Mould as interim CEO

Aqua Metals has appointed co-founder and chief operating officer Selwyn Mould (pictured) as interim CEO.

Mould succeeds Dr Stephen Clarke— who Aqua Metals has now said resigned from the post and his roles as chairman and a director earlier this year, but will “stay involved” as a consultant.

 

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Aqua Metals warns of bid to “steal” company

Tue, 04/24/2018 - 09:56 -- Xuan Zhong
Aqua Metals warns of bid to “steal” company

As if troubled US lead-acid battery-recycling startup Aqua Metals does not have enough on its plate, now a tussle for control of the company is under way.

Shareholders have been warned that a Florida-based hedge fund, Kanen Wealth Management, is attempting to “steal control” of the company at the upcoming annual stockholders meeting on 5 June.

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Aqua Metals shake-up continues with new CFO

Mon, 04/16/2018 - 10:58 -- John Shepherd
Aqua Metals shake-up continues with new CFO

US lead-acid battery-recycling start-up Aqua Metals has named Frank Knuettel as its next chief financial officer— the latest move in the firm’s leadership shake-up.

Knuettel will join the company from 16 April and “will formally assume the role” after the filing of upcoming quarterly results.

 

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Aqua Metals dumps CEO Clarke

Tue, 04/03/2018 - 11:11 -- John Shepherd
Aqua Metals dumps CEO Clarke

The CEO of US lead-acid battery-recycling start-up Aqua Metals, Dr Stephen Clarke, is being replaced.

The Aqua Metals board said a search for a replacement is under way— but did not say whether Clarke (pictured), who is also president, chairman and a co-founder of the firm, will stay on in those roles or leave.

 

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Aqua Metals fights back with lead production “milestone”

Mon, 03/12/2018 - 13:08 -- John Shepherd
Aqua Metals fights back with lead production “milestone”

Aqua Metals, the US lead-acid battery-recycling start-up, is ramping up its commercial fightback by completing its “first24-hour run of continuous operations” of lead production after months of production setbacks.

The company confirmed on 5 March it had completed the move following modifications to its AquaRefining facility in Nevada to resolve a “sticky lead” condition that had hampered production.

 

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Aqua Metals retrofit “fixes sticky lead”

Mon, 02/19/2018 - 11:23 -- John Shepherd
Aqua Metals retrofit “fixes sticky lead”

US lead-acid battery-recycling start-up Aqua Metals has successfully modified equipment to resolve a “sticky lead” condition that had hampered production at its facility in Nevada.

The company, which is working to commercialise a water-based recycling process, revealed last December that lead recovered during its AquaRefining process was sticking to the exit chutes of processing equipment.

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