27
June 2024
Neometals
Ltd
("Neometals" or "the
Company")
Director
Change
Sustainable process technology
developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), advises that Dr Natalia
Streltsova has resigned as a Non-Executive Director of the Company
effective 30 June 2024.
Neometals Chairman, Steven Cole, commented:
"Dr Natalia Streltsova joined the Neometals' Board in 2016 and
has provided outstanding professional input and support in pursuit
of the Company's best interests over the ensuing years. In
particular, Natalia's disciplined approach towards the Company's
industrial validation milestones for its battery recycling and
other technologies has been significant.
With the progress made to date with the Company's technologies
and consistent with the objective of prudential Board
"refreshment", Natalia has chosen to apply her energies to her
other endeavours. Natalia leaves with the best will and respect of
the Neometals' Board.
On
behalf of the Board and management of Neometals, I sincerely thank
Natalia for her contribution and dedication."
Authorised by the Board of
Neometals.
-ENDS-
For more information, please
contact:
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Neometals Ltd
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Chris Reed, Managing Director &
Chief Executive Officer
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+61 8 9322 1182
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Jeremy McManus, General Manager - IP
& IR
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+61 8 9322 1182
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Cavendish Capital Markets Ltd - NOMAD &
Broker
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Neil McDonald
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+44 (0)131 220 9771
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Peter Lynch
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+44 (0)131 220 9772
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Adam Rae
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+44 (0)131 220 9778
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About Neometals
Neometals facilitates sustainable
critical material supply chains and reduces the environmental
burden of traditional mining in the global transition to a circular
economy.
The Company is commercialising a
portfolio of sustainable processing solutions that recycle and
recover critical materials from high-value waste
streams.
· Neometals' core focus is its patented, Lithium-ion Battery ("LiB") Recycling
technology (50% NMT), being commercialised in a 50:50
incorporated JV (Primobius GmbH) with 150-year-old German plant
builder, SMS group GmbH. Primobius is supplying Mercedes-Benz a
2,500tpa recycling plant and operates its own LiB Disposal Service
in Germany. Primobius' first 21,000tpa commercial plant will be
offered to Stelco under an existing technology licence for North
America.
Neometals is developing two advanced
battery materials technologies for commercialisation under
low-risk, low-capex technology licensing business
models:
· Lithium Chemicals (70%
NMT) - Patented ELi™ electrolysis
process, co-owned 30% by Mineral Resources Ltd, to produce battery
quality lithium hydroxide from brine and/or hard-rock feedstocks at
lowest quartile operating costs. Pilot scale test work and
Engineering Cost Study update planned for completion in DecQ 2024;
and
· Vanadium Recovery (100%
NMT) - Patent pending
hydrometallurgical process to produce high-purity vanadium
pentoxide from steelmaking by-product ("Slag") at lowest-quartile
operating cost and carbon footprint.
Additionally, Neometals is
conducting due diligence on acquiring a proprietary process and
pilot plant to produce precious metals from waste.
For further information
visit www.neometals.com.au