Neometals Ltd Result of Annual General Meeting

RNS Number : 3286N

Neometals Ltd

22 November 2024

 

22 November 2024

Neometals Ltd

("Neometals" or "the Company")

Results of Annual General Meeting

Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), is pleased to confirm that at its Annual General Meeting held on Friday 22 November, all resolutions put to shareholders were duly passed. Further details, including the number of votes cast for each resolution and the percentage of votes cast 'For' and 'Against', can be found at: www.neometals.com.au/en/investors/performance-and-news/

A copy of the AGM presentation can be found on the Company's website at www.neometals.com.au/en/investors/performance-and-news/

Authorised on behalf of Neometals by Christopher Kelsall, Company Secretary.

- 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]

 

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. Successfully completed pilot scale test work and planning further development with industrialisation partners under a technology licensing business model; 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. Planning to exploit under a technology licensing business model. Project financing process for first commercial plant in progress.

 

For further information, visit: www.neometals.com.au.

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