REG - Neometals Ltd - Neometals Shares Commence Trading on OTCQX market

NeometalsAnnouncement

15/05/2024 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240515:nRSO5791Oa&default-theme=true

RNS Number : 5791O  Neometals Ltd  15 May 2024

15 May 2024

Neometals Ltd

("Neometals" or "the Company")

Neometals Shares Commence Trading on OTCQX market in the USA

Highlights

·      Neometals securities have commenced trading on the OTCQX® Market
in the U.S. under the symbol "NMTAY";

·      Qualification and upgrade to OTCQX from the Pink® market is
aimed at greater market exposure with a broader network of U.S. investors; and

·      No new securities have been issued as part of quotation on the
OTCQX market.

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM:
NMT) ("Neometals" or "the Company"), is pleased to announce it has qualified
to trade on the OTCQX Best Market in the U.S. under the symbol 'NMTAY'.
Neometals Ltd. upgraded to OTCQX from the Pink market. U.S. investors can find
current financial disclosure and Real-Time Level 2 quotes for the company on
https://www.otcmarkets.com/stock/NMTAY/overview
(https://www.otcmarkets.com/stock/NMTAY/overview) .

Upgrading to the OTCQX Market is an important step for companies seeking to
provide transparent trading for their U.S. investors.  For companies listed
on a qualified international exchange, streamlined market standards enable
them to utilize their home market reporting to make their information
available in the U.S. To qualify for OTCQX, companies must meet high financial
standards, follow best practice corporate governance and demonstrate
compliance with applicable securities laws.

Neometals Managing Director Chris Reed said:

"We are pleased to begin trading on the top tier of OTC Markets - OTCQX. The
U.S. trading upgrade reflects a desire to provide additional visibility and
gain greater market exposure and liquidity. Additionally, the OTCQX quotation
will increase the number of US states to 40 that allow investors and equity
analysts to recommend Neometals' American Depositary Receipts (1:10 ASX ORD/
ADR ratio).

With Neometals' strategy to enable critical material production from waste
streams, and the increasing importance being placed on US domestic critical
material supply resilience, the timing bodes well to broaden the audience to
our sustainable battery and precious materials opportunities".

Rimon Law acted as the company's OTCQX sponsor.

-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 on the commercialisation of its patented, Lithium-ion
Battery ("LiB") Recycling technology (50% NMT), under a plant supply and
technology licensing business model.  Primobius GmbH is the 50:50
incorporated JV with 150-year-old German plant builder, SMS group GmbH, that
is commercialising the technology. Primobius is building a 2,500tpa recycling
plant for Mercedes-Benz under a long-term Cooperation Agreement.  It also
operates its own LiB disposal service in Germany and plans to offer its first
commercial 21,000tpa plant to North American licensee, Stelco, in JunQ 2025.

Neometals is also 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
(http://www.neometals.com.au/)

About OTC Markets Group Inc.

OTC Markets Group Inc.
(https://www.otcmarkets.com/stock/OTCM/overview?utm_source=Press+Release&utm_medium=Press+Release&utm_campaign=New+OTCQX+Company)
(OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and
international securities. Our data-driven disclosure standards form the
foundation of our three public markets: OTCQX(®) Best Market, OTCQB(®)
Venture Market and Pink(®) Open Market.

 

Our OTC Link(®) Alternative Trading Systems (ATSs) provide critical market
infrastructure that broker-dealers rely on to facilitate trading.  Our
innovative model offers companies more efficient access to the U.S. financial
markets.

 

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS,
operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member
SIPC.

 

To learn more about how we create better informed and more efficient markets,
visit www.otcmarkets.com
(https://www.otcmarkets.com/?utm_source=Press+Release&utm_medium=Press+Release&utm_campaign=New+OTCQX+Company)
.

 

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  ALSQKPBNDBKDOPD