REG - Neometals Ltd - Director/PDMR Shareholding

NeometalsAnnouncement

07/11/2024 10:30

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RNS Number : 3769L  Neometals Ltd  07 November 2024

 

7 November 2024

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Shareholding

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) (Neometals or the Company), advises that it has been notified by
Executive Director Jenny Purdie of dealings in the ordinary shares of no par
value in the Company ("Ordinary Shares"), further details of which are set out
below.

On 25 October 2024, persons closely associated with Jenny Purdie, Executive
Director, completed an off market transfer of 121,567 Ordinary Shares at a
price of approximately A$0.097 per Ordinary Share. Following this transaction,
Ms Purdie's beneficial interest in Neometals remains unchanged at 693,141
Ordinary Shares, representing approximately 0.09% of the issued share capital
of the Company.

Authorised for release by the Board of Neometals Ltd.

- 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

                  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                                    Sale of Ordinary Shares

                  c)               Price(s) and volume(s)                                       121,567 Ordinary Shares at A$0.097 per share

                  d)               Aggregated information                                       N/A

                                   Aggregated volume Price
                  e)               Date of the transaction                                      25 October 2024

                  f)               Place of the transaction                                     Off Market

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         MJS Aylward Nominees Pty Ltd ATF the MJSA Superannuation Fund
 2.  Reason for the Notification
 a)  Position/status                                              A person closely associated with Jenny Purdie, 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                                    Purchase of Ordinary Shares

 c)  Price(s) and volume(s)                                       121,567 Ordinary Shares at A$0.097 per share
 d)  Aggregated information                                       N/A

     Aggregated volume Price
 e)  Date of the transaction                                      25 October 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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