secwatch.observer — SEC 8-K summary
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Issuer:     Aqua Metals, Inc. (AQMS)
CIK:        0001621832
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001437749-23-030947
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aqua Metals Q3 net loss $4.5M; secures $25M investment, advances Sierra ARC
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- Net loss $4.5M ($0.04/share) vs $3.9M ($0.05) in Q3 2022; operating loss $4.9M, no significant revenue.
- Cash and equivalents $25.6M as of Sep 30, 2023; operating cash flow +$2.2M from property sale.
- Raised $25M gross from Yulho Co., Ltd. equity investment (no warrants); board appointments include Dr. Sung Yi.
- Supplied recycled lithium hydroxide to Dragonfly Energy for successful battery cell test; MOU with 6K Energy for co-located facilities.
- Progressing Sierra ARC Phase I (10,000 tonnes/yr); potential annual revenue $60M at average metals prices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621832/000143774923030947/0001437749-23-030947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621832/000143774923030947/aqms20230828_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030947

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer