Aqua Metals reports ‘record production’ in August

Aqua Metals reports ‘record production’ in August

Company gets patents for AquaRefining technology in India and Indonesia.

September 10, 2019

Aqua Metals Inc., McCarran, Nevada, says its operations team has achieved another record production of AquaRefined lead for the month of August. Aqua Metals produced approximately 355,000 pounds of AquaRefined lead in August, or approximately 13.7 percent above the previous record of 312,000 pounds produced in June. 

“In spite of safety stops for rigging and equipment installation and the unusual weather events and battery breaker maintenance issue in July, we continue to set regular monthly production records,” says President and Chief Executive Officer Steve Cotton.

The company is working with Veolia and Brown & Root, Baton Rouge, Louisiana, to complete upgrades of its plant that are designed to increase production and contribute margin improvements.

“This includes our planned step to operating eight modules this fall and then 16 modules by the end of the year,” Cotton says. “The largest component is the drying system, which has arrived and is now in place with installation and commissioning efforts underway.”

Aqua Metals uses a water-based, room-temperature process, known as AquaRefining, to refine lead from end-of-life automotive batteries. The company has announced a key patent around AquaRefining has been approved in India and Indonesia, the first step to expand its licensing technology on a global scale.

“Continuing to establish our core AquaRefining IP is critical to the total addressable market for licensing our technologies,” Cotton says. “By adding India and Indonesia with a combined population of 1.6 billion to our already strong IP portfolio, we have further confidence in our AquaRefining licensing discussions on the global stage.”