Aqua Metals, Inc.
Close on Oct 19, 2026
- Market cap
- $5.04M
- P/E (TTM)
- –
- Dividend yield
- –
About Aqua Metals
Secondary Smelting & Refining of Nonferrous Metals, SIC 3341
Aqua Metals, Inc. develops and commercializes metals recycling technologies utilizing its proprietary, electricity-based AquaRefining process. The company focuses on recycling lithium-ion battery black mass to recover critical materials, rather than relying on high-temperature smelting or conventional chemical refining methods. Its primary product slate emphasizes lithium carbonate as well as mixed hydroxide precipitate, alongside capabilities for recovering lithium, nickel, cobalt, copper, and manganese. In addition to battery recycling, the business evaluates other feedstocks such as polymetallic nodules for potential mineral extraction.
The company operates an integrated pilot system and research facility known as the Innovation Center, situated within the Tahoe-Reno Industrial Center. Its principal executive offices are located in Reno, Nevada. Aqua Metals primarily conducts its operational, development, and administrative activities within the United States.
Summary of the business section of Aqua Metals's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Aqua Metals, Inc.
- Founded
- 2014
- Headquarters
- Mccarran, NV
- Address
- 2500 Peru Dr. 89437
- Phone
- (775) 525-1936
- Website
- aquametals.com
- Employees
- 11, Dec 31, 2025
- Industry
- Secondary Smelting & Refining of Nonferrous Metals
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, New York, New York
Stock & identifiers
- Ticker
- AQMS
- Exchange
- Nasdaq
- IPO date
- Jul 31, 2015
- Shares outstanding
- 4M, Jul 24, 2026
- Public float
- $4.82M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-10 reverse, Aug 13, 2025; 1-for-10 reverse, Aug 4, 2025; 1-for-20 reverse, Nov 14, 2024; 1-for-20 reverse, Nov 5, 2024
- SEC CIK
- 1621832
- CUSIP
- 03837J309
- ISIN
- US03837J3095
- LEI
- 549300RYC8R46H1FXA06
- EIN
- 47-1169572
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Stephen Cotton | Chief Executive Officer, Director | 318,784 |
| Benjamin S. Taecker | Chief Eng and Opr Officer | 87,274 |
| Eric West | Chief Financial Officer | 100,476 |
| Judd Merrill | Chief Financial Officer | 244,119 |
| Vincent L. Divito | Director | 26,402 |
| Eric John Gangloff | Director | 22,347 |
| Steven K. Henderson | Director | 16,840 |
| Peifang Zhang | Director | 86,843 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Cotton | $1.87M | $62.20K | $736.31K | $2 | – |
| FY2024 Mr. Cotton | $1.46M | $869.74K | $720.50K | $10 | – |
| FY2023 Mr. Cotton | $2.46M | $1.45M | $1.01M | $61 | – |
| FY2022 | $1.78M | $2.39M | $782.75K | $41 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of the date of this report, we employ 11 people on a full-time basis.”
Corporate history
Events identified from SEC filings