REG - Neometals Ltd - Director / PDMR Participation in Entitlement Offer
08/11/2024 09:30
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RNS Number : 5246L Neometals Ltd 08 November 2024
8 November 2024
Neometals Ltd
("Neometals" or "the Company")
Director & PDMR Participation in the Entitlement Offer
Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) (Neometals or the Company), advises as part of its Entitlement Offer, the
results of which were announced on 6 November 2024, a number of the Company's
directors and PDMRs have dealt in the Company's share capital, further details
of which are set out below.
Individual Total Shares Previously Held New Shares subscribed for Total Shares + New Shares Subsequent Shareholding as a percentage of total issued share capital
Christopher Reed 11,136,079 740,924 11,877,003 1.5%
Steven Cole 2,419,144 188,089 2,607,233 0.3%
Doug Ritchie 514,337 35,264 549,601 0.1%
Jenny Purdie 693,141 47,632 740,773 0.1%
Les Guthrie 292,392 22,256 314,648 0.0%
- 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
Details of the person discharging managerial responsibilities / person closely
associated
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Christopher Reed
2. Reason for the Notification
a) Position/status Managing Director / CEO
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 Ordinary shares of no par value
Identification code AU000000NMT1
b) Nature of the Transaction Exercise of Entitlement Offer Subscription
c) Price(s) and volume(s) 740,924 Ordinary Shares at A$0.09 per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 6 November 2024
f) Place of the transaction Off Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steven Cole
2. Reason for the Notification
a) Position/status Chair
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 Ordinary shares of no par value
Identification code AU000000NMT1
b) Nature of the Transaction Exercise of Entitlement Offer Subscription
c) Price(s) and volume(s) 188,089 Ordinary Shares at A$0.09 per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 6 November 2024
f) Place of the transaction Off Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Doug Ritchie
2. Reason for the Notification
a) Position/status Non-Executive Director
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 Ordinary shares of no par value
Identification code AU000000NMT1
b) Nature of the Transaction Exercise of Entitlement Offer Subscription
c) Price(s) and volume(s) 35,264 Ordinary Shares at A$0.09 per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 6 November 2024
f) Place of the transaction Off Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jenny Purdie
2. Reason for the Notification
a) Position/status Executive Director
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 Ordinary shares of no par value
Identification code AU000000NMT1
b) Nature of the Transaction Exercise of Entitlement Offer Subscription
c) Price(s) and volume(s) 47,632 Ordinary Shares at A$0.09 per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 6 November 2024
f) Place of the transaction Off Market
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Les Guthrie
2. Reason for the Notification
a) Position/status Non-Executive Director
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 Ordinary shares of no par value
Identification code AU000000NMT1
b) Nature of the Transaction Exercise of Entitlement Offer Subscription
c) Price(s) and volume(s) 22,256 Ordinary Shares at A$0.09 per share
d) Aggregated information N/A
Aggregated volume Price
e) Date of the transaction 6 November 2024
f) Place of the transaction Off Market
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.
For further information, visit: www.neometals.com.au
(https://www.neometals.com.au/) .
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