Australia's Neometals rises after Finnish vandium recovery project gets funds

Neometals

16/09/2024 02:27

** Shares of Neometals  NMT.AX  rise as much as 16.3% to
A$0.1, their highest levels since Aug 20
    ** The battery materials producer executes a project
agreement, through its 88%-owned entity, Recycling Industries
Scandinavia AB (RISAB), EIT RawMaterials GmbH to support the
development of the Finnish vanadium recovery project
    ** Says EIT RawMaterials will provide Novana with 0.5
million euros ($554,550) in grant funding and become a minority
shareholder in RISAB
    ** About 1.2 mln shares change hands, 1.3 times the 30-day
average volume of shares
    ** Stock has fallen 59.1% this year, as of last close

    ($1 = 0.9016 euros)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))