Lion Energy Receives Formal Notice from Aqua Metals Withdrawing Acquisition Offer.

AMERICAN FORK, Utah, May 19, 2026 – Lion Energy today announced that Aqua Metals, Inc. (NASDAQ: AQMS) stated on its Q1 2026 earnings call that it has withdrawn its non-binding offer to acquire Lion Energy. Lion Energy received official notice, and no definitive agreement was reached between the parties.

"We appreciate the prior discussions and see this as a very positive step forward," said Tyler Hortin, Chief Executive Officer of Lion Energy. "This allows us to fully pursue new opportunities that align even better with our vision. At Lion Energy, we remain fully committed to our independent path—driving American-engineered energy independence with our innovative LionESS™ intelligent energy storage solutions for residential, commercial, portable, and industrial use. Our momentum is stronger than ever. Excited for what’s ahead!" 

About Lion Energy Lion Energy is a smart energy platform company delivering intelligent energy storage, power management software, and resilient backup systems for home, commercial, and grid-participation markets. Headquartered in American Fork, Utah, with over 13 years of experience, Lion Energy designs, engineers, and manufactures high-quality, safe, and sustainable power solutions that help individuals, families, and organizations achieve energy independence. For more information, visit www.lionenergy.com.