REG - Neometals Ltd - Appointment of Chief Financial Officer

NeometalsAnnouncement

03/06/2024 07:00

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RNS Number : 8124Q  Neometals Ltd  03 June 2024

03 June 2024

Neometals Ltd

("Neometals" or "the Company")

Appointment of Chief Financial Officer

 

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) ("Neometals" or "the Company"), advises it has appointed Mr Chris Kelsall
as Chief Financial Officer, effective 1 July 2024, following an extensive
executive search.

Mr Kelsall replaces Neometals' long serving Chief Financial Officer and
Company Secretary, Mr Jason Carone who has resigned from his role after almost
17 years to pursue new opportunities.

Mr Kelsall is exceptionally well placed to support the business to achieve its
strategic objectives. Chris has strong financing, commercial, financial
analysis and planning, and operational risk management skills. He is a
seasoned executive and finance leader who brings over 30 years of experience
spanning corporate finance, energy, cleantech, resources and commercial law,
including:

·      15 years' global investment banking experience, successfully
structuring and executing corporate financing and capital markets transactions
in Australia, Europe and Asia;

·      5 years as Finance Director and Company Secretary at the LSE AIM
listed oil and gas explorer and developer, Mediterranean Oil & Gas plc;
and,

·      2 years as CFO and CEO at the fusion energy technology developer,
Tokamak Energy Limited.

Neometals Managing Director Chris Reed said:

"We warmly welcome Chris to the executive team. His extensive international
experience will be invaluable as the Company commercialises its portfolio of
sustainable processing solutions that recycle and recover critical materials
from high-value waste streams.

I would like to sincerely thank Jason for his dedicated service and
significant contribution to the Company over the past 17 years. Jason has
played an integral role in our transition and growth from hard rock miner to
urban miner. The board, staff and I are extremely grateful and wish Jason all
the best in his future endeavours."

Authorised for release by the Board of Neometals Ltd.

-ENDS-

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Jeremy McManus, General Manager - IP & IR                     +61 8 9322 1182

 Cavendish Capital Markets Ltd - NOMAD & Broker
 Neil McDonald                                                +44 (0)131 220 9771
 Peter Lynch                                                  +44 (0)131 220 9772
 Adam Rae                                                     +44 (0)131 220 9778

 

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.

 

Additionally, Neometals is conducting due diligence on acquiring a proprietary
process and pilot plant to produce precious metals from waste.

For further information visit www.neometals.com.au
(http://www.neometals.com.au/)

 

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