RRSSF - Neometals Ltd: Advancing Lithium Battery Recycling and Hydrometallurgical Projects

(NewsDirect)

Neometals Ltd, headquartered in WesternAustralia, has recently upgraded its listing on the OTC market in theUnited States. General Manager for Investor Relations, Jeremy McManus,detailed the company's focus on developing mineral processingtechnologies aimed at recovering critical materials from high-valuewaste, transitioning from its roots in exploration and mining to afocus on the circular economy.

Thecompany operates three main business units: lithium battery recycling,lithium chemical production, and vanadium chemicals, all based onhydrometallurgical techniques. Their flagship project, a lithiumbattery recycling initiative, is a 50/50 joint venture with a Germanplant builder named Primobius. This joint venture includes operationsin Germany and a pilot facility for Mercedes-Benz.

McManus highlighted a recent opportunityto acquire 80% of a business with its own technology, which has shownpromising interim results from test programs. In the next three to sixmonths, Neometals aims to advance the construction and commissioningof their German facility for Mercedes-Benz, pursue industrialpartnerships for their vanadium and lithium business units, and makean investment decision on their precious metals project in Colorado byAugust.

The US market is significant for Neometals due toopportunities for selling recycling plants and raising awareness. Thecompany's recent OTC listing upgrade is a strategic move toenhance visibility and engagement in the Americanmarket.

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