REG - Neometals Ltd - ASX Trading Halt

NeometalsAnnouncement

09/10/2024 07:00

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RNS Number : 5087H  Neometals Ltd  09 October 2024

 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.

 

 

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:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Chris Kelsall, CFO & Company Secretary                        +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.

 

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

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