REG - Neometals Ltd - Battery Recycling Expert to Lead NMT Recycling

NeometalsAnnouncement

06/10/2023 07:15

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RNS Number : 9070O  Neometals Ltd  06 October 2023

This announcement contains inside information

 

6 October 2023

 

Neometals Ltd

("Neometals" or "the Company")

 

Career Battery Recycling Expert to Lead Neometals Recycling

 

Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT)
("Neometals" or "the Company"), is pleased to announce the appointment of
career electric vehicle and battery recycling expert, Christian Reiche (M.Sc.,
B.Sc.) to lead Neometals' lithium-ion battery ("LiB") recycling activities.

Mr. Reiche has a unique skill set and extensive experience exclusively derived
from the automotive technology, LiB, and LiB recycling sector. Over the course
of his 20-year career, he has been actively engaged in pioneering automotive
electrification and battery recycling initiatives for Mercedes-Benz and
Volkswagen. Moreover, Mr. Reiche has developed a deep understanding of battery
raw materials projects on a global scale, collaborating with various
stakeholders across the entire battery value chain.

Neometals Managing Director Chris Reed said:

"Given the nascent nature of integrated LiB recycling, there is understandably
a small pool of executives with deep OEM experience in and around the battery
recycling sector. We are delighted to welcome Christian on board; he is a
subject matter expert who started his career as an automotive electrician,
became an automotive engineer, headed Mercedes-Benz's first EV project and
also headed recycling for VW."

 

Authorised on behalf of Neometals by Christopher Reed, Managing Director.

ENDS

 

For more information, please contact:

 

 Neometals Ltd
 Chris Reed, Managing Director & Chief Executive Officer                  +61 8 9322 1182
 Jeremy McManus, General Manager - Intellectual Property & Investor       +61 8 9322 1182
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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. Primobius targeting first commercial 50tpd 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
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. 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/)

 

 

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