30 September 2024
Neometals Ltd
("Neometals" or "the Company")
Result of Extraordinary General Meeting
Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), is pleased to confirm that at its Extraordinary General Meeting held on 30 September 2024, the resolution put to shareholders was duly passed. Further details, including the number of votes cast 'For' and 'Against' the resolution and the percentage of votes cast 'For' and 'Against', can be found at: https://www.neometals.com.au/en/investors/performance-and-news
The updated corporate presentation delivered to the meeting by Neometals CEO, Chris Reed, is now available on the Company's website at: www.neometals.com.au/investors/presentations
- 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.
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