London Stock Exchange Green Economy Accreditation

RNS Number : 2285I

Neometals Ltd

01 December 2022

 

1 December 2022

Neometals Ltd

("Neometals" or "the Company")

Neometals Awarded London Stock Exchange 'Green Economy' Accreditation

Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT) ("Neometals" or "the Company"), is pleased to announce that it has qualified for the London Stock Exchange's Green Economy Mark ("GEM"). The GEM is an accreditation that recognises companies generating commercial revenues from products and services that contribute to positive environmental outcomes and the global green economy.

Neometals' shares were admitted to trading on the AIM market of the London Stock Exchange in February 2022. The AIM listing was part of the Company's strategy to capitalise on substantial UK and European investor interest in the Company's role supporting sustainable circular battery value chains. Much of this interest comes from asset owners and managers who seek to deploy capital into areas that support positive environmental outcomes.

The GEM classification, first introduced in 2019, provides visibility and enables investors to identify an investible universe of 'green economy' equities. Applicant assessment is based on the FTSE Russell Green Revenue Classification System where qualification requires an entity to generate 50% or more of its total annual revenues from products and services that contribute to the global green economy.

Neometals has developed and is progressing a suite of greener more sustainable battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles. For further information see https://www.neometals.com.au/neometals-circular-economy/ .

Chris Reed, Neometals Managing Director said:

"The Green Economy Mark is not an accreditation handed out lightly and Neometals is proud to have secured this recognition for our contribution and efforts to strengthen the circular economy. We look to develop projects that extract maximum value as efficiently as possible with minimal waste. The Green Economy Mark will add further visibility regarding our tangible progress towards conservation of finite resources, decarbonisation and supply chain resilience".

Authorised on behalf of Neometals by Christopher Reed, Managing Director.

END

For more information, please contact:

Neometals Ltd
Chris Reed, Managing Director & Chief Executive Officer	[phone]
Jeremy McManus, General Manager - Commercial & Investor Relations	[phone]
Cenkos Securities plc - NOMAD & Joint Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
RBC Capital Markets - Joint Broker	[phone]
Jonathan Hardy
Jamil Miah
Camarco PR	+ 44(0) 20 3 757 4980
Gordon Poole
Charlotte Hollinshead
Lily Pettifar

About Neometals Ltd 

Neometals' focus is the continuous development and innovative commercialisation of our proprietary technologies to achieve our Purpose in collaboration with strong global partners.

Neometals believes that the demand for environmentally and ethically sourced battery materials will continue to grow with energy storage being the key enabler for the energy transition. 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 have three core battery materials businesses commercialising proprietary, low-cost, low-carbon process technologies:

· Lithium-ion Battery Recycling (50% equity)- to produce nickel, cobalt and lithium from production scrap and end-of-life lithium-ion batteries in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd plant in Germany and is the recycling technology partner to Mercedez-Benz.  Primobious' first 50tpd operation will be in Canada, an investment decision to partner with Stelco is expected to reach investment decision in MarQ 2023;

· 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 potential joint venture with Critical Metals, underpinned by a 2Mt, 10-year Slag supply agreement 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 lithium hydroxide from brine and/or hard rock feedstocks using our ELi® electrolysis process. Co-funding pilot plant and evaluation studies on a 25,000tpa operation in Estrarreja, Portugal towards a potential JV with technology co-owner Mineral Resources Ltd and Portugal's largest chemical producer Bondalti Chemicals S.A. Investment decision expected Dec 2023.

For further information, please visit  www.neometals.com  and follow Neometals on Twitter at @neometalsltd and on LinkedIn at Neometals Ltd.

 

END

 

 

MSCBKDBPABDKQBK