<SEC-DOCUMENT>0000950170-25-020919.txt : 20250214
<SEC-HEADER>0000950170-25-020919.hdr.sgml : 20250214
<ACCEPTANCE-DATETIME>20250214134959
ACCESSION NUMBER:		0000950170-25-020919
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250214
DATE AS OF CHANGE:		20250214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aqua Metals, Inc.
		CENTRAL INDEX KEY:			0001621832
		STANDARD INDUSTRIAL CLASSIFICATION:	SECONDARY SMELTING & REFINING OF NONFERROUS METALS [3341]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				471169572
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89349
		FILM NUMBER:		25626393

	BUSINESS ADDRESS:	
		STREET 1:		2500 PERU DR.
		CITY:			MCCARRAN
		STATE:			NV
		ZIP:			89437
		BUSINESS PHONE:		(775) 525-1936

	MAIL ADDRESS:	
		STREET 1:		2500 PERU DR.
		CITY:			MCCARRAN
		STATE:			NV
		ZIP:			89437

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cushner Alex Scott
		CENTRAL INDEX KEY:			0001540172
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		349 N. FERNDALE
		CITY:			MILL VALLEY
		STATE:			CA
		ZIP:			94941
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001193125-23-039942</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001540172</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001621832</issuerCik>
        <issuerName>Aqua Metals, Inc.</issuerName>
        <issuerCusip>03837J101</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">5370 Kietzke Lane</street1>
          <street2 xmlns="http://www.sec.gov/edgar/common">Suite 201</street2>
          <city xmlns="http://www.sec.gov/edgar/common">Reno</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">NV</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">89511</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Alex Cushner</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>CA</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>24720</soleVotingPower>
        <sharedVotingPower>809312</sharedVotingPower>
        <soleDispositivePower>24720</soleDispositivePower>
        <sharedDispositivePower>809312</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>834032</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>11.7</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Aqua Metals, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>5370 Kietzke LaneSuite 201Reno, NV  89511</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Alex Cushner</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>30 Sarah Drive, Mill Valley, CA  94941</principalBusinessOfficeOrResidenceAddress>
        <citizenship>California</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>834,032</amountBeneficiallyOwned>
        <classPercent>11.7</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>24,720</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>809,312</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>24,720</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>809,312</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>As reported above, Mr. Cushner is deemed to beneficially own 809,312 shares held in client accounts over which he holds discretionary authority.  These shares are also reported as beneficially owned by Robert W. Baird &amp; Co. Incorporated, Mr. Cushner's employer, as set forth in a Schedule 13G filed with the Securities &amp; Exchange Commission on February 11, 2025.  The respective clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.  Mr. Cushner declares that his discretionary authority in respect of these shares shall not be construed as an admission that he is the beneficial owner thereof.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Alex Cushner</reportingPersonName>
      <signatureDetails>
        <signature>Alex Cushner</signature>
        <title>To Come</title>
        <date>02/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
