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The latest update is out from Neometals Ltd ( (AU:NMT) ).
Neometals Ltd faced challenges due to declining global battery metals prices and a slowdown in Western EV production, leading to strategic decisions including exiting the Primobius JV to reduce capital commitments and restructuring to lower overheads. Despite these challenges, the company is advancing its ELi lithium processing technology with Rio Tinto, progressing its Finnish Vanadium Recovery Project with new funding, and exploring gold and critical mineral opportunities, positioning itself for future growth.
More about Neometals Ltd
Neometals Ltd operates in the sustainable resource recovery and recycling industry, focusing on the emerging lithium battery market. The company is engaged in critical minerals processing technologies, including lithium processing and vanadium recovery, and is exploring gold mineralization and subsurface critical mineral-bearing brines.
Average Trading Volume: 981,850
Technical Sentiment Signal: Sell
Current Market Cap: A$41.61M
See more insights into NMT stock on TipRanks’ Stock Analysis page.