Aqua Metals Receives Additional $1.5M Insurance Payment; Collections to Date Reach $21.8M
MCCARRAN, Nev., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (Aqua Metals or the Company), which is reinventing lead recycling with its AquaRefining technology, announced today it has received an additional progress payment of $1.5 million from its insurance provider.
- MCCARRAN, Nev., Sept. 29, 2020 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (Aqua Metals or the Company), which is reinventing lead recycling with its AquaRefining technology, announced today it has received an additional progress payment of $1.5 million from its insurance provider.
- The Company has now collected a total of $21.8 million of insurance proceeds related to the November 2019 fire event.
- Of the total proceeds received to date, $14.2 million have been paid to Aqua Metals and the balance of $7.6 million have been allocated to the retirement of the Veritex Bank loan.
- The Company continues to collaborate with its insurance provider and is making progress toward receiving additional anticipated progress payments.