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Aqua Metals Secures Tax Abatement for Sierra ARC Battery Recycling Campus, Expected to Boost Nevada's Clean Energy Economy by $392 Million
AQMSAqua Metals(AQMS) Newsfilter·2024-01-30 13:00

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 2.2millionfromtheNevadaGovernor′sOfficeofEconomicDevelopment(GOED)whichwillassisttheCompanyinitsNevadaexpansion.Pursuanttothetermsoftheabatement,thisimpactfulsupportencompassespartialtaxreliefoveraten−yearperiodtowardsapproximately2.2 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 equipm ...