Aqua Metals, Inc.

Thank you for standing by. This is the conference operator. Welcome to the Aqua Metals Third Quarter 2019 Corporate Update Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then 1 on your telephone keypad. Should you need assistance during the conference call, You may signal an operator by pressing star and zero. I would now like to turn the conference over to Glenn Axelrod, president of Bristol Limited Capital. Please go ahead.

Thank you, operator. Welcome to the Aqua Metals' third quarter 2019 conference call. Earlier today, Aqua Metals released financial results for the quarter ended September 30, 2019. This release is available on the investor section of the company's website at www.aquametals.com. Joining us for today's call for management is Steve Cotton, President and CEO, as well as Judd Merrill, the Company Chief Financial Officer. During today's call, management will be making forward-looking statements. Please refer to the company's quarterly report on the Form 10-Q filed today, November 12th, for a summary of the forward-looking statements. and risk uncertainties and other factors could cause actual results to differ materially from those forward-looking statements. Aqua Metals cautions investors not to place undue reliance on any forward-looking statements. The company does not undertake and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by law, And with that, I would like to turn the call over to Steve Cotton, CEO of Aqua Metals. Steve, please go ahead.

Thanks, Glenn. Good morning and welcome. Today, I'm happy to report that as we have guided throughout 2019 and for the first time in the company's history, we are just weeks away from completing our work to commission and operate all 16 modules simultaneously in their final production configuration by the end of the year. and then commence operating the aqua refinery on a 24 by 7 basis with all 16 modules available. This is a major inflection point for AquaMetals as we intend to run the aqua refinery at ever increasing utilization throughout 2020 with all 16 modules proven and available. We plan to utilize all 16 modules going forward in 2020 with increasing efficiency as we scale the entire facility to its design production rate of 40 tons of aqua refined lead per day plus 40 tons of other lead products expected to occur mid-year. We expect to prove that our innovative technology is an environmental success story and an economic success story at scale. With the tireless support of our team consisting of Aqua, Veolia, Brown and Root, our local contractors, all of our phase two critical capital projects slated for completion by the end of the year also remain on schedule. Completion of commissioning of these key projects unlocks our ability to scale the full plant with projected positive contribution margins. These projects include concentrate production improvement, electrolyte chilling improvement, improvements in briqueting our spongy aqua-refined lead to prepare for melting and ingot casting, water recovery and management systems, upgrades to all the aqua-refining modules from learnings of operating four of them 24 by 7 during Q3, and finally, The Pace Drying System to increase our yields and throughput. Four years ago, when the company first broke ground on the aqua refinery, it seemed impossible to many that we could commercialize our 21st century technology to improve incumbent methods that have been around since the advent of the Bronze Age. Since then, we have muffled our way through sanding up this aqua refinery, jumping over hurdle after hurdle to show that we have the ability to fundamentally transform The way one of the critical base metals used in our society is recycled. Our innovative and environmentally clean process is one that the industry, and more importantly, the world, truly needs. I believe that we are now in a very strong position, with the ongoing support of the largest battery manufacturer in the world, as well as one of the largest chemical plant operators in the world, to prove what is possible. Our battery manufacturing partner has already purchased commercial volume shipments of aqua-refined lead and made production run using it. With the pursuit of our global licensing program well underway, we can report great interest from many large operators throughout the world that want to join the aqua-refining revolution. Our management team and board of directors has the right stuff. With a varied and yet complementary blend of backgrounds with battery systems, battery recycling, Mining and Metals, Chemical Plants, Oil and Gas, as well as Capital Markets. All of us, including our committed and loyal group of employees, are highly motivated to achieve success for Aqua Metals and feel they report to the higher calling of our important mission. It's more than just a job. With that, I will hand it over to Judd to discuss the financials. Judd?