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Neometals Ltd ( (AU:NMT) ) has provided an announcement.
Neometals’ 70:30 joint venture vehicle Reed Advanced Materials, co-owned with Mineral Resources, has extended its memorandum of understanding with Rio Tinto subsidiary Livent USA Corp. for a further 12 months to advance validation of its ELi Process lithium technology. The extended agreement will allow additional time to test new brine feedstock from Rio Tinto’s existing lithium brine operations and to integrate electrolysis equipment from technology partner De Nora into a pilot-scale ELi Process plant, marking a key step toward industrial validation that could strengthen Neometals’ position in low-cost lithium chemicals and support future commercial licensing opportunities with major industry players.
The most recent analyst rating on (AU:NMT) stock is a Sell with a A$0.07 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 sustainable production of critical and valuable materials through low-cost processing technologies and mineral development. Its portfolio includes the Barrambie Gold Project in Western Australia, where it is advancing both gold exploration and a high-grade titanium-vanadium deposit, alongside proprietary processing solutions for lithium chemicals via its ELi Process and vanadium recovery from steelmaking by-products, generally pursued under technology licensing business models.
Average Trading Volume: 781,599
Technical Sentiment Signal: Sell
Current Market Cap: A$50.85M
See more insights into NMT stock on TipRanks’ Stock Analysis page.