By Kyle Morris

Neometals Ltd. said Tuesday that its lithium-ion battery recycling joint venture Primobius has secured an order from Mercedes-Benz's recycling subsidiary for an integrated recycling plant.

The mineral project developer said that Primobius will complete front-end engineering for the shredding section of Licular's recycling plant.

Shares in Neometals at 1249 GMT were up 3.50 pence, or 6.3%, at 59.00 pence.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

July 12, 2022 09:12 ET (13:12 GMT)

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