Neometals’ Reed Advanced Materials Strikes Electrolysis Partnership with De Nora to Advance ELi Lithium Process

Neometals Ltd ( (AU:NMT) ) has issued an announcement.

Neometals’ 70%-owned Reed Advanced Materials has entered a three-year collaboration with Italian electrochemical specialist Industrie De Nora and its Japanese arm to integrate De Nora’s electrolysis technology with RAM’s proprietary ELi Process for refining lithium chloride brines into battery-grade lithium hydroxide or carbonate. The partners will jointly design, build and operate a pilot plant at an end-user industrial site, targeting advancement of the integrated system to higher technology readiness levels, while preserving their respective intellectual property and funding their own scopes, with a view to potential commercial-scale rollout and preferred-supplier arrangements that could strengthen Neometals’ position in the lithium value chain and support more sustainable, secure lithium supply for battery and decarbonisation markets.

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 sustainable production of critical and valuable materials, combining low-cost processing technologies with upstream mineral assets. Its portfolio includes the patented ELi Process for producing battery-grade lithium hydroxide and carbonate from brines and hard-rock feedstocks, a vanadium recovery process targeting high-purity vanadium pentoxide from steelmaking slag, and the Barrambie Project in Western Australia, which hosts both a historic high-grade gold area in the Murchison Gold Belt and one of the world’s highest-grade hard-rock titanium deposits, currently in divestment.

Average Trading Volume: 670,390

Technical Sentiment Signal: Sell

Current Market Cap: A$46.23M

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