| 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:
| Neometals Ltd | |
| Chris Reed, Managing Director & Chief Executive Officer | +61 8 9322 1182 |
| Chris Kelsall, CFO & Company Secretary | +61 8 9322 1182 |
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Cavendish Capital Markets Ltd - NOMAD & Broker |
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| 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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