Neometals Limited Overview
Neometals Limited is a company that operates in the lithium battery and Vanadium recovery industries. They develop and operate recycling and recovery plants for both industries. Neometals' lithium-ion battery recycling process targets the Consumer electronic batteries: Lithium cobalt oxide (LCO) cathodes, Nickel-rich electric vehicle and stationary storage battery chemistries: Lithium-nickel-manganese-cobalt (NMC) cathodes, and End-of-life cells: Lithium-ion battery production scrap. Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles. Neometals’ three core business units: Lithium-ion Battery (“LIB”) Recycling – to produce new battery materials from spent LIBs in a 50:50 JV (Primobius) with German plant builder SMS group. Primobius has a 10tpd commercial Shredding ‘Spoke’ operation in Germany, it is the recycling technology partner to Mercedes Benz and is planning its first 50tpd operation with Stelco Inc. in Canada; Vanadium Recovery - to produce high-purity V2O5 via processing of steelmaking by-product (“Slag”). Developing a 300,000tpa ~73:17 JV operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with steelmaker SSAB. MOU with H2Green Steel underpins potential second operation in Boden, Sweden; and Lithium Chemicals – to produce battery quality LiOH from brine and/or hard-rock feedstocks using patented ELi™ electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Targeting initial 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.
Strategy
Neometal has a vision to be a global leader in the sustainable supply of battery materials. The company also has strategic partnerships with leading mining and technology firms, giving it access to their resources, expertise and networks. This collaborative approach enhances Neometals' ability to successfully develop and commercialize new projects. Overall, Neometals is committed to sustainable and responsible resource development while leveraging its technological capabilities to create value for its shareholders. With a robust project and focus on innovation, the company is well positioned to capitalize on the growing global demand for critical minerals and advanced technologies.
