Aqua Metals, Inc. will report its financial results for the second quarter ended June 30, 2026, on Thursday, July 30, 2026. The U.S. critical minerals processing company, which commercializes lower-cost recovery and refining technologies, will also provide a business update. Management is scheduled to host a conference call at 4:30 p.m. ET to discuss the quarterly performance.

Conference Call Details

Investors can access the live conference call and subsequent replay through the investor relations section of Aqua Metals' website. The webcast will be available at https://ir.aquametals.com/ .

About Aqua Metals

Aqua Metals is commercializing a lower-cost approach to recovering and processing critical minerals in the United States. Its patented AquaRefining™ process is designed to eliminate costly one-time-use chemicals, reduce waste streams and associated disposal costs, and provide a safer working environment than conventional metals processing methods.

The company’s staged commercialization strategy combines established mechanical processing with AquaRefining™ technology. Through its planned Headwaters ARC campus, Aqua Metals intends to recover copper, aluminum and black mass from segregated LFP battery materials using commercially proven equipment. This approach establishes a pathway to revenue through processing before adding a simplified AquaRefining™ process to recover and valorize lithium carbonate and iron phosphate.

The planned Headwaters ARC campus is designed to expand over time to process NMC battery materials and other critical mineral feedstocks. This expansion leverages a common processing platform to serve multiple domestic supply chains. Aqua Metals is advancing applications across battery materials, rare earth elements and other critical mineral resources.

Aqua Metals has advanced to final site-specific diligence on a Midwest development opportunity for Headwaters ARC, its planned battery recycling and critical minerals recovery campus. The site includes an existing industrial facility of approximately 150,000 square feet and approximately 50 or more acres of land. This footprint provides more than seven times the building space and more than 10 times the land area of the previously planned Sierra ARC project, offering a significantly larger and more expandable platform.

Development Strategy and Timeline

As part of its commercial planning process, Aqua Metals continues to evaluate development sequencing, financing structures, and implementation pathways. The company intends to support the most efficient path to commercial deployment. Aqua Metals expects to announce its selected development path during the current quarter, subject to the completion of diligence, negotiations, financing, and customary approvals.

Operational Phases and Technology

The planned campus is designed to begin with the rapid deployment of commercially proven battery preprocessing systems. These systems will produce high-specification black mass, aluminum fines, and copper fines. The initial strategic focus will be on lithium iron phosphate (LFP) materials.

Following the initial phase, Aqua Metals intends to progressively integrate its proprietary AquaRefining™ technology. This integration aims to recover battery-grade lithium carbonate and iron phosphate from the black mass produced on-site. This approach creates a phased development pathway moving from preprocessing and materials production into higher-value domestic critical minerals recovery.

Strategic Value and Market Positioning

The Headwaters ARC name reflects Aqua Metals' strategic intent to move upstream in the battery recycling value chain. By integrating feedstock aggregation, preprocessing, black mass production, and advanced hydrometallurgical refining within a single expandable regional platform, the company aims to verticalize its operations.

Locating near the emerging Great Lakes battery manufacturing base is a key component of this strategy. Aqua Metals believes this positioning will reduce feedstock and scaling risk, create revenue opportunities, and establish a more resilient commercial model. This model is intended to support commercial activity across both stronger and weaker lithium pricing environments.