Neometals Ltd Director / PDMR Participation in Entitlement Offer

RNS Number : 5246L

Neometals Ltd

08 November 2024

 

 

8 November 2024

Neometals Ltd

("Neometals" or "the Company")

Director & PDMR Participation in the Entitlement Offer

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (Neometals or the Company), advises as part of its Entitlement Offer, the results of which were announced on 6 November 2024, a number of the Company's directors and PDMRs have dealt in the Company's share capital, further details of which are set out below.

Individual	Total Shares Previously Held	New Shares subscribed for	Total Shares + New Shares	Subsequent Shareholding as a percentage of total issued share capital
Christopher Reed	11,136,079	740,924	11,877,003	1.5%
Steven Cole	2,419,144	188,089	2,607,233	0.3%
Doug Ritchie	514,337	35,264	549,601	0.1%
Jenny Purdie	693,141	47,632	740,773	0.1%
Les Guthrie	292,392	22,256	314,648	0.0%

 

- ENDS -

For more information, please contact:

 

Neometals Ltd
Chris Reed, Managing Director & Chief Executive Officer				[phone]
Chris Kelsall, CFO & Company Secretary				[phone]
Cavendish Capital Markets Ltd - NOMAD & Broker
Neil McDonald				[phone]
Peter Lynch				[phone]
Adam Rae				[phone]
Details of the person discharging managerial responsibilities / person closely associated
	1.	Details of the person discharging managerial responsibilities / person closely associated
	a)	Name	Christopher Reed
	2.	Reason for the Notification
	a)	Position/status	Managing Director / CEO
	b)	Initial notification/amendment	Initial notification
	3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a)	Name	Neometals Ltd
	b)	LEI	254900WO0PDVL8V1PY78
	4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
		Identification code	AU000000NMT1
	b)	Nature of the Transaction	Exercise of Entitlement Offer Subscription
	c)	Price(s) and volume(s)	740,924 Ordinary Shares at A$0.09 per share
	d)	Aggregated information Aggregated volume Price	N/A
	e)	Date of the transaction	6 November 2024
	f)	Place of the transaction	Off Market

 

	1.	Details of the person discharging managerial responsibilities / person closely associated
	a)	Name	Steven Cole
	2.	Reason for the Notification
	a)	Position/status	Chair
	b)	Initial notification/amendment	Initial notification
	3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a)	Name	Neometals Ltd
	b)	LEI	254900WO0PDVL8V1PY78
	4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
		Identification code	AU000000NMT1
	b)	Nature of the Transaction	Exercise of Entitlement Offer Subscription
	c)	Price(s) and volume(s)	188,089 Ordinary Shares at A$0.09 per share
	d)	Aggregated information Aggregated volume Price	N/A
	e)	Date of the transaction	6 November 2024
	f)	Place of the transaction	Off Market

 

	1.	Details of the person discharging managerial responsibilities / person closely associated
	a)	Name	Doug Ritchie
	2.	Reason for the Notification
	a)	Position/status	Non-Executive Director
	b)	Initial notification/amendment	Initial notification
	3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a)	Name	Neometals Ltd
	b)	LEI	254900WO0PDVL8V1PY78
	4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
		Identification code	AU000000NMT1
	b)	Nature of the Transaction	Exercise of Entitlement Offer Subscription
	c)	Price(s) and volume(s)	35,264 Ordinary Shares at A$0.09 per share
	d)	Aggregated information Aggregated volume Price	N/A
	e)	Date of the transaction	6 November 2024
	f)	Place of the transaction	Off Market

 

	1.	Details of the person discharging managerial responsibilities / person closely associated
	a)	Name	Jenny Purdie
	2.	Reason for the Notification
	a)	Position/status	Executive Director
	b)	Initial notification/amendment	Initial notification
	3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a)	Name	Neometals Ltd
	b)	LEI	254900WO0PDVL8V1PY78
	4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
		Identification code	AU000000NMT1
	b)	Nature of the Transaction	Exercise of Entitlement Offer Subscription
	c)	Price(s) and volume(s)	47,632 Ordinary Shares at A$0.09 per share
	d)	Aggregated information Aggregated volume Price	N/A
	e)	Date of the transaction	6 November 2024
	f)	Place of the transaction	Off Market

 

	1.	Details of the person discharging managerial responsibilities / person closely associated
	a)	Name	Les Guthrie
	2.	Reason for the Notification
	a)	Position/status	Non-Executive Director
	b)	Initial notification/amendment	Initial notification
	3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	a)	Name	Neometals Ltd
	b)	LEI	254900WO0PDVL8V1PY78
	4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	a)	Description of the Financial instrument, type of instrument	Ordinary shares of no par value
		Identification code	AU000000NMT1
	b)	Nature of the Transaction	Exercise of Entitlement Offer Subscription
	c)	Price(s) and volume(s)	22,256 Ordinary Shares at A$0.09 per share
	d)	Aggregated information Aggregated volume Price	N/A
	e)	Date of the transaction	6 November 2024
	f)	Place of the transaction	Off Market

 

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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