Lead battery recycler Aqua Metals to join Russell Microcap Index

by Michael Green
Earlier this year, Aqua Metals said German multinational chemical company BASF would be its preferred supplier of electrolyte, under a partnership to include global commercial cooperation. Photo: Aqua Metals
Aqua Metals is to join the Russell Microcap Index later this month, in a move set to boost investor awareness of the US company's lead battery recycling technology.

President and CEO of Aqua Metals, Steve Cotton, said joining the US equities index "recognises our company’s growth, and value proposition as we move forward with our capital light AquaRefining technology licensing and Aqualyzer clean battery recycling equipment supply business model”.

Cotton said exposure to additional institutional investment managers and investment professionals will increase opportunities to find potential new shareholders.

High-value metals

"With over $10tn (£7tn) in assets benchmarked against Russell’s US Indexes, Aqua Metals is honoured to be included with other strong, growing and successful companies.”

Aqua Metals will join the Index effective 28 June, at the conclusion of the 2021 Index’s annual reconstitution.

Earlier this year, Aqua Metals filed a provisional patent to use the technology it has developed to recycle lead batteries to recover high-value metals from lithium-ion batteries.

The announcement came after the company said it was investing in recycling enterprise LiNiCo, which will start production at the Nevada facility it has secured from Aqua Metals on a lease-to-buy deal.

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