---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024650"
form_type: "8-K"
ticker: "AQMS"
cik: "0001621832"
company_name: "Aqua Metals, Inc."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:08:03.944417+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aqua Metals loses $33M credit facility; cuts workforce; Sierra ARC delayed to 2025

## Summary
- Non-binding $33M secured credit facility suspended by lender due to high interest rates and >25% drop in lithium carbonate pricing since term sheet signing.
- Completed reduction in force; expects ~1 year of cash runway with no other cash sources, through cost deferrals and asset sales.
- Sierra ARC timeline shifted from late 2024 to 2025; facility remains at or under budget to date.
- Closed $7.3M net funding round in Q2; pilot facility operating 24x5 for process validation.
- Management actively pursuing alternative financing: debt, project finance, JV, strategic investment.

## SEC filing metadata
- accession: 0001437749-24-024650
- form_type: 8-K
- ticker: AQMS
- cik: 0001621832
- company_name: Aqua Metals, Inc.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621832/000143774924024650/0001437749-24-024650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621832/000143774924024650/aqms20240529_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024650
- JSON: https://secwatch.observer/filing/0001437749-24-024650.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024650.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.