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Neometals (NMT) - $$ Multi-Billion $$ Partners Advancing Euro Projects

Feb. 16, 2021 9:50 AM ETNeometals Ltd (RRSSF)
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Summary

  • ASX: NMT.
  • Shares Outstanding: 54.5M.
  • Share price AUD$0.28 (07.01.2021).
  • Market Cap: AUD$152.70M.

Neometals is a mineral project developer. The company’s projects include Lithium, Titanium, Nickel and Vanadium, in the shape of the Mount Marion Lithium Project, a Lithium Hydroxide Project (ELi Process), Alphamet, Barrambie Titanium Vanadium Iron Project (Barrambie Titanium) and Forrestania Nickel Project. The Company's Mount Marion Lithium Project is located approximately 40km southwest of Kalgoorlie, Western Australia. But what it is going to become known for is its Lithium recycling project in Europe and also a large scale Vanadium recovery project also in Europe. Both partnered with multi-billion Euro conglomerates.

We caught up with Chris Reed, CEO of Neometals for an end of year round-up and to talk about a couple of press releases we’ve seen since we last spoke in November.

Company Overview

Neometals is an ASX listed project developer with a number of projects, all with direct exposure into commodities that are required to supply the Lithium battery supply chain. Those projects cover Lithium battery recycling, Vanadium recovery from existing stockpiles, Lithium conversion opportunity, and they also have upstream resources of Nickel and Vanadium.

2020 Review: Progress & Difficulties

Neometals is in the evaluation and development phase and are not actually constructing yet. If they had been involved in construction and operations offshore, which most of their projects are, it could have been very, very challenging during the Covid outbreak. In terms of the Lithium battery recycling, they were finishing a pilot plant just out of Toronto this year and managed to finish it and negotiate their joint venture with SMS. They have however started to build the demonstration plant which is on track.

The Vanadium Recovery Project has not been impacted by Covid as Sweden did not go into lockdown so they have the samples from Sweden for the pilot to go into the full Feasibility Study which has been seamless.

The project in India is probably a couple of months behind in terms of permitting and securing the running of the commercial side. The technical risk is not a concern to Neometals because Ganfeng converts Mount Marion concentrates every day.

The Vanadium Titanium Project has been a little slow because they’ve had a few political implications with the Chinese and are not seeing eye to eye with the Australian government at the moment. And as for the Nickel, they’ve increased the size of resources and made a few gains on the exploration side.

Neometals has achieved probably 75% of what they wanted to in 2020. The technical streams have gone really well, a couple of the commercial ones are a couple of months behind but they plan to catch up in the New Year.

Read the full article here.

Analyst's Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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