FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Interstate Batteries, Inc.
 2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2016		 3. Issuer Name and Ticker or Trading Symbol
Aqua Metals, Inc. [AQMS]
(Last)
(First)
(Middle)
12770 MERIT DRIVE, SUITE 1000		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75251		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 702,247
I
By Subsidiary (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to Purchase Common Stock 05/24/2016 05/24/2018 Common Stock 702,247 $ 7.12 I By Subsidiary (1)
Warrant to Purchase Common Stock 11/24/2016 05/24/2019 Common Stock 1,605,131 $ 9 I By Subsidiary (1)
Convertible Term Note 05/24/2016 05/24/2019 Common Stock 702,247 (2) $ 7.12 I By Subsidiary (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Interstate Batteries, Inc.
12770 MERIT DRIVE
SUITE 1000
DALLAS, TX 75251		     X    

Signatures

/s/ Thaddeus E. Chase, Jr., Attorney-in-Fact 05/31/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These securities are directly owned by Interstate Emerging Investments, LLC. The reporting entity is the sole member of Interstate Emerging Investments, LLC.
(2) The Convertible Term Note (the "Note") issued to the Reporting Person can either be paid in cash for the outstanding principal amount of the Note, plus any accrued, unpaid interest, or it can be converted by the Reporting Person at any time upon notice to the Issuer for 702,247 shares of Common Stock.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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