Aqua metals updates plan for fourth quarter 16 module expansion and completing phase 2 of capital upgrade

Aqua metals, inc. announced after extensive continuous 24/7 production utilizing the initial four modules, the company has finalized engineering and process design and begun implementing final common configuration for all 16 modules in support of a planned commissioning and handover of operations throughout the latter half of fourth quarter. the company will now focus its efforts on completing the installations for its phase 2 capital upgrades, including the commissioning of the remaining 12 modules, which company believe will enable the plant to operate at a positive contribution margin once all plant processes are synchronized which is expected to occur in early 2020. to complete installation safely and on an expedited basis, certain current production areas will be paused from time to time during fourth quarter in order to conduct full scale run rate unit tests in critical process areas such as battery breaking, digestion and concentrate production. company believe these units tests will be critical to the successful preparation for 16 module production volumes.
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