Aqua Metals has put its lead-acid battery recycling facility in McCarran, Nevada up for sale as part of its strategy to divest from non-core assets. 

 

The lead recycler constructed then operated the plant until the end of 2019 and has produced more than 35,000 lead ingots since it started its lead refining system in November 2016. The producer said in a news release on Tuesday, that it has attained experimental targets set for the facility, confirming its refining technology is effective and sale of its ultra-pure lead is viable. 

 

The company intends to sell the plant to fund its fundamental business of developing into a licensor and supplier of its purifying technologies. Aqua will market the land and structure as an industrial plant for general use. Proposals will be accepted until December 11. The recycler is also striving to sell selected non-core lead recycling machinery as used equipment for the secondary market. 

 

Profits from selling the plant will be applied to reinforcing the company’s balance sheet. Sale proceeds along with possible insurance payments relating to prior losses are anticipated to adequately fund Aqua’s lead refining licensing plan. 

 

Steve Cotton, president and chief executive officer of Aqua Metals said the lead refinery has effectively introduced its novel filtering expertise. The technology has demonstrated value and capability to the industry; however, the plant is no longer necessary as the company completes plans at its leased, nearby facility.

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