Aqua Metals reported significant advancements in Q3 2025, including a successful capital raise of $17.1 million and continued progress in its lithium recycling technology, positioning itself favorably for future commercialization.

• Raised $17.1 million to enhance strategic flexibility and commercial planning amid a strong operational momentum.
• Successfully processed lithium iron phosphate (LFP) scrap, achieving battery-grade lithium carbonate production at a pilot scale, validated by third-party testing.
• Entered MOUs with Moby Robotics and Impossible Metals, expanding into deep-sea mineral feedstocks for critical metals.
• Regained compliance with Nasdaq listing requirements, further solidifying the company's market position.
• Year-to-date net loss improved by over 33%, showcasing effective cost management and disciplined operational practices.