Aqua Metals (AQMS) Q2 FY26 earnings call

Aqua Metals is transitioning from technology validation to commercial execution with its Headwaters Arc project, focusing on LFP battery recycling in a phased approach. The strategy prioritizes capital preservation and risk reduction by leveraging existing infrastructure and proven preprocessing equipment before integrating AquaRefining. The company aims to build a profitable critical minerals processing business in the U.S., targeting the underserved LFP scrap market.