REG - Neometals Ltd - Director Change

NeometalsAnnouncement

27/06/2024 10:30

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RNS Number : 1603U  Neometals Ltd  27 June 2024

27 June 2024

Neometals Ltd

("Neometals" or "the Company")

Director Change

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) ("Neometals" or "the Company"), advises that Dr Natalia Streltsova has
resigned as a Non-Executive Director of the Company effective 30 June 2024.

Neometals Chairman, Steven Cole, commented:

"Dr Natalia Streltsova joined the Neometals' Board in 2016 and has provided
outstanding professional input and support in pursuit of the Company's best
interests over the ensuing years. In particular, Natalia's disciplined
approach towards the Company's industrial validation milestones for its
battery recycling and other technologies has been significant.

With the progress made to date with the Company's technologies and consistent
with the objective of prudential Board "refreshment", Natalia has chosen to
apply her energies to her other endeavours. Natalia leaves with the best will
and respect of the Neometals' Board.

On behalf of the Board and management of Neometals, I sincerely thank Natalia
for her contribution and dedication."

Authorised by the Board of Neometals.

 

-ENDS-

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer       +61 8 9322 1182
 Jeremy McManus, General Manager - IP & IR                     +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. 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.

 

Additionally, Neometals is conducting due diligence on acquiring a proprietary
process and pilot plant to produce precious metals from waste.

For further information visit www.neometals.com.au
(http://www.neometals.com.au/)

 

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