Neometals Ltd (AU:NMT) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Neometals Ltd has announced promising results from its ELi™ pilot trial, showcasing advancements in its electrolysis technology that converts lithium chloride into high-purity lithium hydroxide with reduced operating costs. This novel process, developed in partnership with Mineral Resources Ltd, could significantly lower expenses by minimizing the use of bulk chemical reagents. The success marks a critical step towards commercializing their technology and potentially generating future royalty income.
For further insights into AU:NMT stock, check out TipRanks’ Stock Analysis page.
