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An update from Neometals Ltd ( (AU:NMT) ) is now available.
Neometals Ltd has completed the sale of its 50% interests in Primobius GmbH and ACN 630 589 507 Pty Ltd to SMS group GmbH, resulting in approximately A$10.1 million cash at bank. This divestment aligns with Neometals’ strategic focus on its core projects, potentially enhancing its financial position and allowing further investment in its sustainable processing solutions and mining operations, which could impact its industry positioning and stakeholder interests.
More about Neometals Ltd
Neometals Ltd is focused on delivering stakeholder value through sustainable production of critical and valuable materials essential for a cleaner future. The company is involved in commercializing low-cost sustainable processing solutions for critical materials and exploring mining operations at its Barrambie Gold Project. Neometals has interests in precious metals and industrial minerals, including the Barrambie Gold and Titanium and Vanadium projects. Additionally, it is developing processing solutions for lithium chemicals and vanadium recovery.
YTD Price Performance: -32.00%
Average Trading Volume: 1,091,370
Technical Sentiment Signal: Sell
Current Market Cap: A$39.68M
See more insights into NMT stock on TipRanks’ Stock Analysis page.