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Geographic expansion
Aqua Metals announces plans for a recycling campus in Tahoe-Reno
Waste Recovery & Management Tech
Jan 18, 2023
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Jan 18, 2023

Aqua Metals announces plans for a recycling campus in Tahoe-Reno

Geographic expansion

  • Aqua Metals, a Nasdaq-listed metal recycler, announced the completion of due diligence on a five-acre property in Tahoe-Reno, and the signing of a definitive agreement to acquire the property, to commence phased development of a commercial lithium battery recycling campus, with the capacity to process over 20 million lbs of lithium-ion battery material annually.

  • The agreement includes the purchase of the five-acre site and an existing building in February 2023, subject to customary closing conditions and the company’s receipt of adequate financing for the purchase.

  • Aqua Metals aims to fund the purchase and the development of phase one with a non-dilutive loan.  The company plans to upgrade the current building to install a commercial-scale Li AquaRefining system capable of recycling 3,000 metric tons of lithium battery “black mass” per year, set to be operational in Q1 2024.

  • Subject to the success of phase one, the company plans to build a second lithium battery recycling facility at the property with the capacity to process an additional 6,000 tons of lithium black mass per year, along with a space for research and development into sustainable recycling innovations.

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