REG - Neometals Ltd - Director / PDMR Dealings

NeometalsAnnouncement

11/09/2023 11:00

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RNS Number : 0311M  Neometals Ltd  11 September 2023

11 September 2023

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT &
AIM: NMT) ("Neometals" or "the Company") advises that a total of 3,884,433
performance rights (Performance Rights) have been granted to certain employees
and contractors under the Company's Performance Rights Plan (PRP), as approved
by shareholders on 25 November 2022.

Included within this award are 571,512 Performance Rights for Chris Reed,
Chief Executive Officer, and 314,759 Performance Rights for Jason Carone,
Chief Financial Officer and Company Secretary.

Each Performance Right entitles the holder to a fully paid ordinary share in
the Company at no cost. The number of Performance Rights that may vest on 30
June 2026 (or 31 December 2026) will be determined by reference to the extent
to which the performance conditions as measured in respect of the period
ending on the relevant vesting date have been met.  Any vested Performance
Rights are exercisable within 12 months from the vesting date.

The updated interests of the above individuals (following issue of 3,884,433
Performance Rights pursuant to the PRP) in the share capital of the Company
are as follows:

 PDMR          New performance rights  Vested performance rights  Total performance rights*  Total shares (direct and indirect)
 Chris Reed    571,512                 1,491,079                  3,042,219                  7,868,589
 Jason Carone  314,759                 532,844                    1,361,618                  766,462

*Includes both vested and unvested PRP Performance Rights which remain subject
to vesting conditions.

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

·    553,307,937 fully paid ordinary shares.

·    15,221,224 performance rights issued pursuant to the terms of the
PRP, comprising:

o  5,494,032 vested performance rights, which remain subject to exercise; and

o  9,727,192 unvested performance rights, which are subject to performance
testing in accordance with their terms of issue.

The above figure of 553,307,937 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.

Change of Name of Nominated Adviser and Joint Broker

 

The Company also announces that its Nominated Adviser and Joint Broker has
changed its name to Cavendish Securities plc following completion of its own
corporate merger."

 

Authorised on behalf of Neometals by Jason Carone, Company Secretary

 

ENDS

 

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Chief Executive Officer             +61 8 9322 1182
 Jeremy McManus                                  +61 8 9322 1182

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

 RBC Capital Markets - Joint Broker             +44 (0)20 7653 4000
 Paul Betts
 Jamil Miah

 Camarco PR                                     + 44 (0)203 757 4980
 Gordon Poole
 Emily Hall
 Lily Pettifar

 

About Neometals

Neometals has developed and is commercialising three environmentally-friendly
processing technologies that produce critical and strategic battery materials
at lowest quartile costs with minimal carbon footprint.

 

Through strong industry partnerships, Neometals is demonstrating the economic
and environmental benefits of sustainably producing of lithium, nickel, cobalt
and vanadium from lithium-ion battery recycling and steel waste recovery.
Reducing the reliance on traditional mine-based supply chains and creating
more resilient, circular supply chains to support the energy transition.

 

The Company's three core business units are exploiting the technologies under
principal, joint venture and licensing business models:

 

·    Lithium-ion Battery ("LIB") Recycling (50% technology) -
Commercialisation via Primobius GmbH JV (NMT 50% equity). All plants built by
Primobius' co-owner (SMS group 50% equity), a 150-year old German plant
builder. Providing recycling service as principal in Germany and commenced
plant supply and technology licencing activities as technology partner to
Mercedes-Benz. investment decision for Primobius' first commercial 50tpd plant
and JV with Stelco in Canada expected end 2023;

 

·    Lithium Chemicals (70% technology) - Commercialising 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. Co-funding Pilot Plant trials in 2023 with
Demonstration Plant trials and evaluation studies in 2024 for potential
25,000tpa LiOH operation in Portugal under a 50:50 JV with Bondalti,
Portugal's largest chemical company; and

 

·    Vanadium Recovery (100% technology) - aiming to produce high-purity
vanadium pentoxide from processing of steelmaking by-product ("Slag") at
lowest-quartile operating cost. Investment decision with JV partner, Critical
Metals pending on planned 9,000tpa vanadium pentoxide operation in Pori,
Finland (NMT 72.5% equity). Feedstock sourced under 10-year Slag supply
agreement with SSAB and product offtake agreement with Glencore. MOU with
H2Green Steel for potential second, larger operation in Boden, Sweden

 

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

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Chris Reed
  2.     Reason for the notification
 a)      Position/status:                                              Chief Executive Officer
 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:  Performance Rights

         Identification code:

                                                                       AU000000NMT1
 b)      Nature of the transaction:                                    Grant of Performance Rights

 c)      Price(s) and volume(s):                                       Price                       Volume
         Nil                                                                                       571,512
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      11 September 2023

 f)      Place of the transaction:                                     Off Market

 

  1.     Details of the person discharging managerial responsibilities/person closely
         associated
 a)      Name:                                                         Jason Carone
  2.     Reason for the notification
 a)      Position/status:                                              Chief Financial Officer & Company Secretary
 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:  Performance Rights

         Identification code:

                                                                       AU000000NMT1
 b)      Nature of the transaction:                                    Grant of Performance Rights

 c)      Price(s) and volume(s):                                       Price                       Volume
         Nil                                                                                       314,759
 d)      Aggregated information:                                       N/A

         Aggregated volume:

         Price:
 e)      Date of the transaction:                                      11 September 2023

 f)      Place of the transaction:                                     Off Market

 

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