News Articles for Neometals

ASX-listed Neometals' joint venture (JV) with Primobius is a step closer to bridging the lithium-ion battery circular economy. Improvements to the partnership's refining process in its patent-pending battery recycling technology have increased metal recoveries to more than 95 per cent of nickel, cobalt and copper – far exceeding the recovery requirements in the European Union's pending battery regulations.

Neometals has added grunt to its ore reserve as part of an update to its Barrambie titanium project's prefeasibility study (PFS). The deposit's probable ore reserve now sits at 27.6 million tonnes at 22.3 per cent titanium oxide, 43.7 per cent iron oxide and 0.57 per cent vanadium oxide. The PFS update has outlined a $78.1 million capital requirement for one year of DSO production.

Neometals says an engineering cost study has earmarked processing technology developed by subsidiary Reed Advanced Materials as the most economic method for its proposed Estarreja lithium refinery in Portugal. The study was co-funded with Portugal's biggest chemical producer, Bondalti, with the aim of developing a 25,000-tonne per annum lithium hydroxide operation in a 50-50 joint venture.

Neometals has struck a binding take-or-pay offtake agreement, via its wholly-owned subsidiary Australian Titanium, with Chinese partner Jiuxing Titanium Materials for both direct shipping ore and titanium-rich mixed gravity concentrates. The company says it now plans to update a recent prefeasibility study to reflect the potential for a lower-capital development of its Barrambie titanium and vanadium project near Sandstone in Western Australia's Murchison region.

Neometals has increased its ownership in joint venture company Recycling Industries Scandinavia AB (RISAB) up to 72.5 per cent as it moves towards developing Finland's first vanadium recovery project. The remaining 27.5 per cent of RISAB equity is held by unlisted Australian mineral development company Critical Metals.

Neometals is in the crosshairs of the European Investment Bank for cornerstone debt funding of its vanadium recycling project in Finland. The EIB is the lending arm of the EU and one of the biggest providers of climate-related finance. While it does not tend to lend 100 per cent of required funding for projects, its approval could see other commercial banks come to the table.

ASX-listed Neometals' latest feasibility study into its Vanadium Recovery Project in Finland has shown a significant increase to the operation's net present value compared to its preliminary investigations. The latest figures show a 40 per cent increase to pre-tax net present value up to $US323 million compared to $US230 million identified in the prefeasibility study completed in May 2021.

Neometals has executed a slew of agreements to secure the company 50 per cent ownership of joint venture company Recycling Industries Scandinavia AB to develop the first Finnish vanadium recovery project. The balance of RISAB equity is held by unlisted Australian mineral development company Critical Metals whilst Neometals holds approximately 19 per cent of Critical's issued capital.

Surefire Resources' Victory Bore deposit in WA's Mid West, is looking like the gift that keeps on giving after a program of 62 RC holes for 5189m delivered a 56 per increase in the operation's already hefty vanadium resource. The asset now tips the scales at 235 million tonnes at 0.39 per cent vanadium pentoxide.

Neometals has forged links with a subsidiary of Australian Vanadium Limited to potentially establish a shared vanadium- titanium processing hub in West Australia's Mid West region. The non-binding term sheet also allows the affiliate company the option to purchase and treat concentrate derived from Neometals' massive Barrambie titanium-vanadium project near Sandstone in WA.

ASX-listed Neometals' joint venture Primobius has expanded a technology and battery recycling JV option agreement with leading steel producer Stelco Holdings to allow it time to buy into its lithium-ion battery special purpose vehicle. The amendment follows a 2021 agreement for the duo to establish a long-term commercial recycling relationship in North America – one of the fastest growing sectors in terms of lithium-ion battery production.

Neometals has extended a deal with Scandinavian battery metals firm Critical Metals until the end of February to give the company time to secure an increased vanadium source deal using by-product from Nordic steelmaker SSAB. A joint venture between Neometals and Critical Metals on its proposed vanadium recovery project is also progressing.

Battery metals producer Neometals has put pen to paper to bring global engineering firm and joint venture partner SMS Group onboard with a 50 per cent stake in its battery recycling IP to accelerat

ASX-listed Neometals has completed pre-feasibility study for production of titanium and iron-vanadium concentrate at its wholly owned Barrambie titanium and vanadium project near Sandstone, Western Australia. Results from the study confirm the viability of commercialising the project with the potential to supply in excess of 500,000 tonnes per annum of high-quality supply constrained ilmenite in the first 10 years of the project.

ASX-listed Neometals is one step closer to negotiating a binding offtake agreement with potential Chinese partner Jiuxing Titanium Materials after the success of an industrial-scale smelting trial in Western Australia. The emerging battery metal producer received encouraging results from its production of titanium dioxide chloride slag at a grade of more than 90 per cent using mixed gravity concentrate from its Barrambie titanium and vanadium project near Sandstone.

Emerging battery metals producer Neometals is edging closer to developing its vanadium recovery plant in Finland after government authorities granted an environmental permit for the operation. The company is planning a joint venture with private operator Critical Metals to recover the high-purity vanadium pentoxide from a by-product slag that is created during the steel-making process.

Neometals' joint venture offspring Primobius has finalised an internal engineering cost study for a first stage shredding plant of a potential 50tpd integrated lithium-ion battery recycling operation on a greenfields site in Germany. In a European first, the new design will cater to electric vehicle car makers by integrating the processing of larger units arising from end-of-life electric vehicles in addition to cell production scrap.

Our board moves wrap includes Kathleen Bozanic, Rachel Rees, Matthew Liddelow, and Philip Bruce.

Neometals' joint venture partner Primobius has signed a binding co-operation agreement with a subsidiary of luxury vehicle manufacturer Mercedes-Benz to help develop lithium-ion battery recycling solutions. The deal with German carmaker's subsidiary LICULAR is part of negotiations to design and construct a 10 tonne per day integrated battery recycling centre in southern Germany.

With numerous businesses reporting inflationary and rising operating costs, emerging battery metals producer Neometals has released highly encouraging engineering numbers for its proposed vanadium pentoxide recovery plant in Finland that potentially puts it in the lowest operating cost category. The company is planning a joint venture to recover the high-purity metal oxide from by-product slag created during the steel making process.

Neometals has executed a conditional binding agreement with a subsidiary of luxury vehicle manufacturer Mercedes-Benz that will see the duo team up to develop lithium-ion battery recycling technology. The collaboration will see Primobius, a joint venture partner of Neometals, team up with the car manufacturer's subsidiary, LICULAR GmbH.

Our board moves wrap includes Jeffrey Sweet, Melanie Leighton, Ashley Pattison, Rachel Rees, Jason Carone, and Lisa Mitchell.

Neometals looks to be wading deeper into the lucrative lithium-ion battery recycling sector after its JV partner Primobius secured an operating permit for its 10 tonne per day shredding facility in Germany. With the rubber stamp to kick off operations, the company will now look to collect and stockpile electric vehicle battery modules from its disposal service clients ahead of its commercial launch in May.

Battery metals trailblazer Neometals and its partner SMS Group, have cut the ribbon at the grand opening of the joint venture's lithium-ion battery recycling facility in Germany, marking the transition from a research and development program to a fully-fledged commercial enterprise. The partners are gearing up to recycle as much as 10 tonnes per day of battery feedstock, sourced from a German battery waste company.

Neometals continues to lead from the front in the developing battery-chain supply network, sinking US$500,000 into private US battery start-up, Tyfast Energy Corp. A spin-off from the University of California, San Diego, Tyfast is the keeper of a proprietary vanadium-based anode technology set to drastically reduce charging times without compromising the high-energy density found in state-of-the-art lithium-ion batteries.

Neometals has joined forces with a subsidiary of luxury vehicle juggernaut, Mercedes-Benz to design and construct a proposed lithium-ion battery recycling facility in Southern Germany. The collaboration will see Primobius, a joint venture partner of Neometals, team up with the car manufacturer's subsidiary, LICULAR GmbH. According to the company, the pair are in ‘advanced discussions' for the 2,500 tonne per annum plant.

Neometals now has direct access to European capital markets and The City of London after its shares commenced trading on the UK AIM market completing dual listing for the battery metal recycling company. In the immediate aftermath of the listing, that raised no additional capital, Neometals' shares on the ASX traded from $1.20 prior to the listing to $1.48 at the close of trade Wednesday.

ASX-listed battery metal and gold explorer Askari Metals is now a dual-listed company after its shares commenced trading on the Frankfurt Stock Exchange. Askari has a portfolio of lithium, copper and gold-focused projects across Western Australia, the Northern Territory and New South Wales and says the new listing was driven by strong interest from European investors.

ASX-listed Neometals is on course to enter the sizzling electric vehicle, or “EV” battery recycling market in North America after its joint venture company, Primobius GmbH rubber stamped an agreement to commercialise its recycling technology with Canadian steelmaking juggernaut Stelco Holdings. According to Neometals, the region is the fastest growing sector for lithium battery production.

ASX-listed Neometals has moved a step closer to production at its massive Barrambie titanium-vanadium deposit after commissioning a gravity beneficiation plant at Menzies in Western Australia to produce titanium-rich gravity concentrate samples for offtake evaluation trials. The company will produce and ship around 150 tonnes of the concentrate to Chinese titanium slag producer Jiuxing Titanium Materials for commercial scale trials early next year.

After three years of R&D development, including bench and pilot trials, feasibility studies and engineering investigations, Neometals and its joint venture partner, engineering colossus SMS Group, have successfully commissioned its first commercial lithium-ion battery recycling plant in Hilchenbach, Germany with operations to start early next year. The plant will process up 10 tonnes per day of battery-grade metal sulphate chemicals safely recycled into new battery production.

Neometals' 70 per cent owned subsidiary company, Reed Advanced Materials has entered a co-operation agreement with Portugal's largest chemical producer, Bondalti Chemicals seeking to commercialise Reed's “ELi” processing technology for the sustainable production of battery quality lithium hydroxide and carbonate. The collaborators aim to construct a pilot plant ahead of a proposed 25,000 tonne per annum industrial scale lithium refinery in Portugal.

Our board moves wrap includes David Reed, Chi Zhang, Trevor Matthews, Steven Michael, and David Cornell.

ASX-listed Neometals and its joint venture partner, mega German engineering firm, SMS Group, have successfully completed commissioning of their showcase lithium-ion battery recycling demonstration plant. All leaching, purification and recovery circuits of the “Stage 2” hydrometallurgical refinery have now been successfully wet commissioned. The plant trial on electric vehicle batteries will commence as scheduled in early November.

Innovative project developer, Neometals and its partner, SMS Group, have moved a step closer to testing their lithium-ion battery recycling technology after successfully managing to integrate the first two stages of its showcase recycling demonstration plant in Germany. The duo, via their 50-50 Primobius joint venture, is looking to recover valuable materials such as lithium, nickel and cobalt from end-of-life batteries.

Minerals technology group Neometals' joint venture partner Critical Metals has struck a non-binding memorandum of understanding with Swedish company H2 Green Steel that may open the door to a possible second vanadium recovery project for the partners. The collaboration with H2 Green Steel complements the existing agreement between Neometals and Critical Metals in relation to their proposed vanadium recovery plant in Finland.

ASX-listed Neometals' and its joint venture partner, mega German engineering firm, SMS Group have made the decision to fund a commercial scale lithium-ion battery recycling plant in Germany. The partners joint venture vehicle, Primobius GmbH intends to expand its demonstration plant in Germany and build up operational capacity to provide a 10 tonne per day battery disposal recycling service by early 2022.

ASX-listed Neometals' joint venture company, Primobius GmbH, has successfully commissioned stage one of its showcase lithium-ion battery recycling demonstration plant in Germany. The joint venture company is owned 50:50 by Neometals and SMS group GmbH. The partners have developed an innovative proprietary process that focuses on recovering cobalt and other valuable materials from spent lithium batteries.

ASX-listed minerals technology player Neometals has hailed its latest vanadium recovery pilot plant test work a resounding success. The Perth-based company says the scaled-up pilot trials produced a consistently higher than 99.5 per cent-purity vanadium pentoxide product from the processing of about 14 tonnes of vanadium-bearing steel making by-product, with average recoveries exceeding 75 per cent.

Neometals is edging closer to demerging its significant Mt Edwards nickel sulphide project near Kambalda in Western Australia into a new company, Widgie Nickel, which is targeting a September listing on the ASX. Existing Neometals shareholders are set to get a free piece of Widgie proportionate to their current shareholdings. A new board of directors has now been appointed for Widgie.