Aqua Metals Q2 2025: best-in-class low-fluorine lithium carbonate, eliminates all long-term debt

Aqua Metals, Inc.

Produced <30 ppm fluorine lithium carbonate, likely industry-best; 100 kg shipped for sampling to strategic counterparties.
Completed $4.3M sale of Sierra ARC facility; eliminated all long-term debt, strengthening balance sheet.
Cash increased to $1.9M from $1.6M quarter-start; extended runway via ELOC and cost reduction initiatives.
Appointed Eric West as CFO (formerly VP Finance), completing CFO transition.
Internal study shows U.S. AquaRefining is cost-competitive with Chinese methods at half traditional U.S. hydrometallurgical cost.

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