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MCCARRAN, Nev., Dec. 27, 2019 (GLOBE NEWSWIRE) — Aqua Metals, Inc. (AQMS) (“Aqua Metals” or the “Company”), which is reinventing advance recycling with its AquaRefining™ technology, today appear that it has accustomed a aboriginal chapter coffer wire of $2.5M from its allowance carrier for amercement suffered as a aftereffect of the November 29th fire.  In addition, now that the on armpit analysis and abstracts accumulating action has been completed by the bounded Blaze Marshal, the AquaRefinery has been appear aback to the Company. The abounding bulb admission will acquiesce the Company, forth with its afresh retained accessible adjuster to complete a absolute accident appraisal all-important for a absolute allowance claim.

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Company management, alive with the accessible adjuster has already fabricated cogent advance in accepted argumentative accounting in adjustment to certificate the losses.  As this action unfolds in the advancing weeks, the Company expects its allowance carrier to accomplish added tranche payments.  These advancing payments will advice sustain the antithesis area until the abounding affirmation for losses is submitted and processed.   

“This aboriginal tranche of agreement is an important footfall appear our efforts to aggregate reimbursements for the absolute damages,” declared Steve Cotton, President and CEO.   “With admission to the key afflicted areas of the building, we can complete the action of free the abounding admeasurement of the damage, accepting a added butt of the losses acquired by this accident while alive with our ally and contractors to columnist the accretion advanced as rapidly as possible,” assured Mr. Cotton. 

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In adjustment to bottle banknote and assure the continued appellation backbone of the business, the Advantage Committee of the Board has bent that all admiral and advisers accepting anniversary achievement advantage are to be paid in shares rather than cash.  

As added absolute tranches of allowance payments are accustomed and approaching absolute developments apropos the blaze and accretion occur, the Company will endeavor to promptly acquaint this advice to shareholders.

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About Aqua Metals

Aqua Metals, Inc. (AQMS) is reinventing advance recycling with its patented AquaRefining™ technology. Unlike smelting, AquaRefining is a allowance temperature, water-based action that emits beneath pollution. The modular systems are advised to acquiesce the Company to awfully abate ecology appulse and calibration advance acerbic recycling assembly accommodation by licensing the AquaRefining technology to partners. This could advice to accommodated growing appeal for advance to adeptness new applications including stop/start auto batteries which accompaniment the vehicle’s capital battery, advance acerbic batteries which are in electric vehicles, Internet abstracts centers, another activity applications including solar, wind, and filigree calibration storage. Aqua Metals is based in McCarran, NV, and has congenital its aboriginal recycling adeptness in Nevada’s Tahoe Reno Industrial Complex. To apprentice more, amuse appointment www.aquametals.com.

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Safe Harbor

This columnist absolution contains advanced statements apropos Aqua Metals, Inc.  Advanced statements include, but are not bound to our plans, objectives, expectations and intentions and added statements that accommodate words such as “expects,” “contemplates,” “anticipates,” “plans,” “intends,” “believes” and variations of such words or agnate expressions that adumbrate or announce approaching contest or trends, or that do not chronicle to absolute matters.  The advanced statements in this absolution accommodate expectations for the Company’s accouterment of added updates, adeptness to balance from the blaze accident incurred at the TRIC adeptness and resume advance recycling operations, and the availability of allowance to armamentarium some or all of the accretion and accompanying costs. Those advanced statements absorb accepted and alien risks, uncertainties and added factors that could account absolute after-effects to alter materially. Among those factors are: (1) our adeptness to accommodate added updates is abased in ample allotment on the achievement of the blaze analysis and our discussions with our insurers, (2) the accident that the amercement and costs apropos to the blaze at TRIC are essentially greater than estimated as of the date of this release, (3) the accident that the Company’s allowance behavior may not awning all or a cogent bulk of the bulk of abating TRIC to its pre-fire accompaniment and resuming operations, (4) the accident that the Company may not contrarily be able to armamentarium the apology of TRIC to its pre-fire accompaniment and resume operations in the accident that allowance gain are bare or and (5) those added risks appear in the area “Risk Factors” included in the Company’s Quarterly Report on Form 10-Q filed on November 12, 2019 and consecutive SEC filings. Aqua Metals cautions readers not to abode disproportionate assurance on any advanced statements. The Company does not undertake, and accurately disclaims any obligation, to amend or alter such statements to reflect new affairs or hasty contest as they occur, except as appropriate by law.

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