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This
announcement contains inside information for the purposes of
Article 7 of the UK version of Regulation (EU) No 596/2014 which is
part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
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9
October 2024
Neometals
Ltd
("Neometals" or "the
Company")
ASX Trading
Halt
Sustainable process technology
developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), advise that trading in
the shares of the Company has been halted on the Australian
Securities Exchange ("ASX") effective from Wednesday 9 October 2024
for the purposed of undertaking a capital raising book build. The
funds are being raised in order to progress activities at the
Primobius Lithium-ion battery recycling project, further the
R&D of the Company's lithium and vanadium recovery technology,
advance the Barrambie gold and titanium business units, and general
corporate and working capital purposes.
The ASX trading halt is expected to
remain in place until the earlier of the release of an announcement
by the Company or the commencement of ASX trading, on 11 October
2024.
Trading of the Company's shares on
the AIM market of the London Stock Exchange remains
unaffected.
- ENDS
-
For more information, please
contact:
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Neometals Ltd
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Chris Reed, Managing Director &
Chief Executive Officer
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+61 8 9322 1182
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Chris Kelsall, CFO & Company
Secretary
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+61 8 9322 1182
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Cavendish Capital Markets Ltd - NOMAD &
Broker
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Neil McDonald
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+44 (0)131 220 9771
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Peter Lynch
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+44 (0)131 220 9772
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Adam Rae
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+44 (0)131 220 9778
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About Neometals
Neometals facilitates sustainable
critical material supply chains and reduces the environmental
burden of traditional mining in the global transition to a circular
economy.
The Company is commercialising a
portfolio of sustainable processing solutions that recycle and
recover critical materials from high-value waste
streams.
· Neometals' core focus is its patented, Lithium-ion Battery ("LiB")
Recycling technology (50% NMT), being commercialised
in a 50:50 incorporated JV (Primobius GmbH) with 150-year-old
German plant builder, SMS group GmbH. Primobius is supplying
Mercedes-Benz a 2,500tpa recycling plant and operates its own LiB
Disposal Service in Germany. Primobius' first 21,000tpa commercial
plant will be offered to Stelco under an existing technology
licence for North America.
Neometals is developing two advanced
battery materials technologies for commercialisation under
low-risk, low-capex technology licensing business
models:
· Lithium Chemicals (70%
NMT) - Patented ELi™ electrolysis
process, co-owned 30% by Mineral Resources Ltd, to produce battery
quality lithium hydroxide from brine and/or hard-rock feedstocks at
lowest quartile operating costs. Pilot scale test work and
Engineering Cost Study update planned for completion in DecQ 2024;
and
· Vanadium
Recovery (100%
NMT) - Patent pending
hydrometallurgical process to produce high-purity vanadium
pentoxide from steelmaking by-product ("Slag") at lowest-quartile
operating cost and carbon footprint.
For further information, visit: www.neometals.com.au.
