REG - Neometals Ltd - Results of Annual General Meeting

NeometalsAnnouncement

24/11/2023 12:30

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RNS Number : 6358U  Neometals Ltd  24 November 2023

 

 

24 November 2023

 

Neometals Ltd

("Neometals" or "the Company")

 

Results of Annual General Meeting

Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT)
("Neometals" or "the Company"), is pleased to confirm that at its Annual
General Meeting held on Friday 24 November, all resolutions put to
shareholders were duly passed, apart from Resolution 4 which was withdrawn on
20 November 2023. Further details, including the number of votes cast for each
resolution and the percentage of votes cast 'For' and 'Against', can be found
at: https://wcsecure.weblink.com.au/pdf/NMT/02745263.pdf
(https://wcsecure.weblink.com.au/pdf/NMT/02745263.pdf)

Authorised on behalf of Neometals by Jason Carone, Company Secretary.

 

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 Limited - NOMAD & Joint 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) 20 3 757 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 lithium, nickel, cobalt
and vanadium from lithium-ion battery recycling and steel waste recovery. This
reduces the reliance on traditional mine-based supply chains and creating more
resilient, circular supply 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 licensing activities as technology partner to Mercedes-Benz.
Primobius targeting first commercial 21,000 tpa plant offer to Canadian
company Stelco in the DecQ 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
planned Demonstration Plant trials and evaluation studies in 2024 for
potential 25,000tpa LiOH operation in Portugal under a 50:50 JV with related
entity to 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. Targeting partnerships with steel
makers and participants in the vanadium chemical value chain under a low risk
/ low capex technology licensing business model.

 

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

 

 

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