Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Neometals Ltd ( (AU:NMT) ) is now available.
Neometals has secured a 60-day extension to its exclusivity and option agreement with US partner Omaha Value, Inc. for access and usage rights over inactive oil and gas wells, leases and geological data in Utah held by American Helium LLC and Ascent Resources plc. Under the variation, Neometals’ subsidiary Neometals Energy and Omaha will pay a US$50,000 option extension fee, creditable against future payments if the option is exercised, while all other terms remain unchanged, underscoring the parties’ ongoing commitment to due diligence and potential commercialisation opportunities in the Paradox Basin that could broaden Neometals’ energy-related asset base and diversify its growth pipeline.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
More about Neometals Ltd
Neometals Ltd is an Australian company focused on enabling the sustainable production of critical and valuable materials for a cleaner future. It is commercialising low-cost, sustainable processing technologies for lithium chemicals and vanadium recovery under technology licensing models, while also exploring and developing its 100%-owned Barrambie Gold Project in Western Australia, which features both gold and industrial minerals. The company is additionally progressing the divestment of its Barrambie titanium and vanadium deposit and advancing partnerships with major industry players to validate and commercialise its processing solutions.
Average Trading Volume: 672,322
Technical Sentiment Signal: Sell
Current Market Cap: A$46.23M
See more insights into NMT stock on TipRanks’ Stock Analysis page.