REG - Neometals Ltd - Cancellation of Performance Rights

NeometalsAnnouncement

17/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250117:nRSQ7486Ta&default-theme=true

RNS Number : 7486T  Neometals Ltd  17 January 2025

17 January 2025

Neometals Ltd

 

("Neometals" or "the Company")

 

Cancellation of Performance Rights

 

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) ("Neometals" or "the Company") announces that 3,202,029 Performance
Rights have been cancelled owing to conditions not having been met or becoming
incapable of being satisfied. Included within this cancellation are 574,049
Performance Rights previously awarded to Chris Reed, Chief Executive Officer.

 

The updated interests of Chris Reed (following cancellation of 574,049
Performance Rights pursuant to the PRP) in the share capital of the Company
are as follows:

 

 PDMR        Vested performance rights  Total performance rights*  Total shares (direct and indirect)  % of issued capital
 Chris Reed  Nil                        3,795,999                  11,877,003                          1.5%

*Unvested PRP Performance Rights which remain subject to vesting conditions.

As a result of the issue and cancellation of the Performance Rights pursuant
to the Company's PRP, the Company has the following securities on issue:

·      769,425,084 fully paid ordinary shares.

·      11,286,322 performance rights issued pursuant to the terms of the
PRP remain unvested and are subject to performance testing in accordance with
their terms of issue.

The above figure of 769,425,084 ordinary shares on issue may be used by
shareholders as the denominator for calculations when determining if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

- ENDS -

 

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Chris Kelsall, CFO & Company Secretary                        +61 8 9322 1182

 Cavendish Capital Markets Ltd - NOMAD & Broker
 Neil McDonald                                                +44 (0)131 220 9771
 Peter Lynch                                                  +44 (0)131 220 9772
 Adam Rae                                                     +44 (0)131 220 9778

 

 

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
(https://www.neometals.com.au/) .

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCMZGMMVNMGKZG