Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Neometals Ltd ( (AU:NMT) ) has provided an update.
Neometals Ltd has signed an exclusivity and option agreement with Omaha Value, American Helium LLC, and Ascent Resources plc to evaluate and potentially extract lithium and potash from brines in the Paradox Basin, Utah. This agreement allows Neometals and its partner to access inactive oil and gas wells, potentially accelerating exploration and reducing costs. The initiative aligns with the US Government’s focus on critical minerals, potentially benefiting from expedited permitting and federal funding, and could enhance Neometals’ positioning in the critical minerals market.
More about Neometals Ltd
Neometals Ltd is a company operating in the mining industry, focusing on the exploration and potential extraction of critical minerals such as lithium and potash. The company is involved in projects that leverage existing infrastructure to reduce exploration costs and is actively pursuing opportunities in the United States, particularly in the Paradox Basin, Utah.
Average Trading Volume: 1,008,291
Technical Sentiment Signal: Sell
Current Market Cap: A$42.38M
See more data about NMT stock on TipRanks’ Stock Analysis page.