Aqua Metals Acquired A 5-Acre Parcel In Tahoe-Reno And Materially Completed Major Upfit Of The Existing Building To Advance Phase 1 Of The Sierra Aquarefining Campus And Secures Offtake Partnership
Portfolio Pulse from Benzinga Newsdesk
Aqua Metals has successfully acquired a five-acre parcel in Tahoe-Reno and has significantly advanced the development of the Sierra AquaRefining Campus by completing major upgrades to the existing building. This development is on schedule and within budget, with commissioning set to begin in the summer and commercial production expected to start within the year. Additionally, Aqua Metals has secured an offtake partnership, which is likely to support its commercial activities.
March 27, 2024 | 8:28 pm
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Aqua Metals has acquired a significant parcel for its Sierra AquaRefining Campus and completed essential upgrades, with commissioning and production set for this year. An offtake partnership has also been secured.
The acquisition of land and completion of major upgrades for the Sierra AquaRefining Campus are significant milestones for Aqua Metals, indicating progress in its business plan. The commencement of commissioning and production within the year, along with the secured offtake partnership, are likely to positively impact investor sentiment and potentially AQMS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100