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Stock impact report

Aqua Metals Secures Tax Abatement for Sierra ARC Battery Recycling Campus, Expected to Boost Nevada’s Clean Energy Economy by $392 Million

Aqua Metals, Inc. (AQMS) 
Last aqua metals, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.aquametals.com
Company Research Source: GlobeNewswire
RENO, Nev., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in sustainable lithium-ion battery recycling, today 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). According to GOED, the total economic impact of Aqua Metals investments and job creation to the state of Nevada is projected to total more than $392 million over the next 10 years defined as benefits the Company and its operations will have on the community and state economy measured by total number of jobs, payroll and created output. The i Show less Read more
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