Neometals Ltd ( (AU:NMT) ) has issued an announcement.
Neometals Ltd has reported its half-year financial results for the period ending December 31, 2024, highlighting significant progress in its sustainable processing solutions. The company is advancing its Lithium-ion Battery Recycling technology in collaboration with SMS group GmbH, with a plant for Mercedes-Benz currently being commissioned. Neometals is also progressing its Lithium Chemicals and Vanadium Recovery projects, aiming for low-cost production and technology licensing. The divestment of the Barrambie Titanium and Vanadium project is underway, while exploration plans for Barrambie Gold are set for early 2025. These developments position Neometals as a key player in sustainable resource recovery, with potential implications for stakeholders in terms of technological advancements and market expansion.
More about Neometals Ltd
Neometals Ltd is a company focused on commercializing sustainable processing solutions to recover critical materials from high-value waste streams. The company prefers plant supply and technology licensing business models due to their lower risk and capital requirements. Neometals’ core projects include Lithium-ion Battery Recycling technology, Lithium Chemicals production using the ELi™ electrolysis process, and Vanadium Recovery from steelmaking by-products. Additionally, Neometals is involved in the divestment of the Barrambie Titanium and Vanadium project and exploring gold potential at Barrambie Gold.
YTD Price Performance: -6.00%
Average Trading Volume: 15,335
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $35.03M
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