Neometals Ltd
("Neometals" or "the Company")
Appointment of Joint Corporate Broker
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT / AIM: NMT) ("Neometals" or "theCompany") has appointed RBC Capital Markets as its Joint Corporate Broker with immediate effect. Cenkos Securities plc remains as Nominated Adviser and Joint Corporate Broker to the Company.
Authorised on behalf of Neometals by Christopher Reed, Managing Director
For more information, please contact:
Neometals Ltd |
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Chris Reed, Managing Director & Chief Executive Officer |
+61 8 9322 1182 |
Jeremy McManus, General Manager - Commercial & Investor Relations |
+61 8 9322 1182 |
Cenkos Securities plc - NOMAD & Joint 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 |
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RBC Capital Markets - Joint Broker |
+44 (0) 20 7653 4000 |
Jonathan Hardy |
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Jamil Miah |
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Camarco PR |
+ 44(0) 20 3 757 4980 |
Gordon Poole |
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Charlotte Hollinshead |
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Lily Pettifar |
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About Neometals
Neometals' focus is the continuous development and commercialisation of our proprietary innovative technologies with strong global partners to generate value through sustainable production of battery materials.
Decarbonisation, sustainability and resilient supply chains are the key challenges for the energy storage and electric vehicle supply chain. Our technologies, particularly those in battery materials recycling and recovery, reduce reliance on traditional mining and processing, and support circular economic principles.
Neometals has three core battery materials businesses commercialising proprietary, low-cost, low-carbon process technologies:
· Lithium-ion Battery ("LIB") Recycling (50% equity) - to produce nickel, cobalt and lithium from production scrap and end-of-life LIBs in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd Shredding 'Spoke' in Germany and is the recycling technology partner to Mercedes Benz. Primobius' first 50tpd operation will be in partnership with Stelco in Canada is expected to reach investment decision in Dec 2022;
· Vanadium Recovery (earning 50% equity) - to produce high-purity vanadium pentoxide via processing of steelmaking by-product ("Slag"). Finalising evaluation studies on a 300,000tpa operation in Pori, Finland and a potential JV with Critical Metals, underpinned by a 2Mt, 10-year Slag supply agreement (together with potential availability of a further 1.1Mt) with leading Scandinavian steelmaker SSAB. Investment decision expected end Dec 2022. MOU with H2Green Steel for up to 4Mt of Slag underpins a potential second operation in Boden, Sweden; and
· Lithium Chemicals (earning 35% equity) - to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using RAM's patented ELi® electrolysis process. Co-funding pilot plant and evaluation studies on a 20,000tpa operation in Estarreja, Portugal in a 50:50 JV between RAM (70% NMT, 30% Mineral Resources Ltd) and Portugal's largest chemical producer Bondalti Chemicals S.A. Investment decision expected Dec 2023.
For further information visit www.neometals.com.au.