Aqua Metals secures tax abatement for Sierra ARC battery recycling campus

Aqua Metals announced the receipt of an economic incentive package of approximately $2.2 million from the Nevada Governor’s Office of Economic Development, GOED, which will assist the Company in its Nevada expansion. Pursuant to the terms of the abatement, this impactful support encompasses partial tax relief over a ten-year period towards approximately $17 million worth of equipment and $18 million worth of building and land improvements planned for the first phase of the Company’s Sierra AquaRefining Campus, ARC. “We are immensely grateful for the programs from the State of Nevada via the Governor’s Office of Economic Development that support new and expanding companies and appreciate the strong affirmation of our innovative approach to sustainable recycling,” said Steve Cotton, President and Chief Executive Officer of Aqua Metals. “This economic incentive will bolster our efforts at the Sierra ARC, further enabling us to continue creating good-paying jobs and contribute even more significantly to Nevada’s growing clean energy sector.”