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NMT - Neometals Limited

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DNH- one of the spoiled brats

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NMT released Finance and Activity statements yesterday.

They are definitely paddling like fury but making a dollar on their projects has become more and more elusive.

The Vanadium projects have been shelved as the price of Vanadium has halved.

The Spargo's Lithium/Nickel exploration has been similarly dropped because of low prices.

The Lithium Chemicals recycling process is barely limping along. Again prices are falling.

They are still in the game with the battery recycling business. When that becomes commercial and how much it makes is still up in the air.

They are squeezing cash flow as much as possible. They deserve to survive IMO.

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Quarterly Cashflow Report - March 2024 (PDF 212.8 KB)
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Quarterly Activities Report - March 2024 (PDF 1,446.6 KB)
 
basilio said:
NMT released Finance and Activity statements yesterday.

They are definitely paddling like fury but making a dollar on their projects has become more and more elusive.

The Vanadium projects have been shelved as the price of Vanadium has halved.

The Spargo's Lithium/Nickel exploration has been similarly dropped because of low prices.

The Lithium Chemicals recycling process is barely limping along. Again prices are falling.

They are still in the game with the battery recycling business. When that becomes commercial and how much it makes is still up in the air.

They are squeezing cash flow as much as possible. They deserve to survive IMO.

View attachment 175539 Quarterly Cashflow Report - March 2024 (PDF 212.8 KB)
View attachment 175540 Quarterly Activities Report - March 2024 (PDF 1,446.6 KB)
Click to expand...
Why? I'm down $10k on their hype, I give these Aussie blue sky upstarts the benefit of the doubt and support them.
Mostly I do my dough, but it is money I put aside for a punt on a hopeful, like Calix, Redflow, Vital metals and Neometals.
Thankfully I don't rely on them for my retirement plan, but I guess some punters do, which is sad.
I said quite a while ago these companies struggle when the Govt handouts stop, that's when the capital raisings and dilutions start.
Then they usually become a charity donation, to write off against your winners.
Why wouldn't they be approaching Albo? To lead the way in Australia for recycling batteries?!
It's clean, it's green, it could be manufactured in Australia.
OMG don't state the obvious to the 'green army' LOL
 
sptrawler said:
Why? I'm down $10k on their hype, I give these Aussie blue sky upstarts the benefit of the doubt and support them.
Mostly I do my dough, but it is money I put aside for a punt on a hopeful, like Calix, Redflow and Neometals.
Thankfully I don't rely on them for my retirement plan, but I guess some punters do, which is sad.
I said quite a while ago these companies struggle when the Govt handouts stop, that's when the capital raisings and dilutions start.
Then they usually become a charity donation, to write off against your winners.
Click to expand...

I'm down as well. Again I'm not relying on it for my future.

I take a different perspective on NMT. All of their projects were promising and offered excellent potential and value. I did have concerns about how they were going to finance the projects until they reached pay off.

The money shot was supposed to be the sale of the Barrambie Titanium project. They thought that there was better value taking a decent dollar for the project up front rather than going through the full development process.

That sale failed last year. At the same time the Vanadium slag project was shelved when the price of Vanadium halved. Similar story with the Lithium Salts project. The battery recycling is operational - just.

IMV they had excellent projects and good management. Unlike a number of other mining ops which essentially live to pump and dump and keep the directors in heaps of cash they are genuine players.

The 2021 Annual Report is worth checking out to appreciate what has changed in 3 years.
 
basilio said:
I'm down as well. Again I'm not relying on it for my future.

I take a different perspective on NMT. All of their projects were promising and offered excellent potential and value. I did have concerns about how they were going to finance the projects until they reached pay off.

The money shot was supposed to be the sale of the Barrambie Titanium project. They thought that there was better value taking a decent dollar for the project up front rather than going through the full development process.

That sale failed last year. At the same time the Vanadium slag project was shelved when the price of Vanadium halved. Similar story with the Lithium Salts project. The battery recycling is operational - just.

IMV they had excellent projects and good management. Unlike a number of other mining ops which essentially live to pump and dump and keep the directors in heaps of cash they are genuine players.

The 2021 Annual Report is worth checking out to appreciate what has changed in 3 years.
Click to expand...
The big problem is they couldn't capitalise on their Li ion battery recycling, the rest is just a spec mining play IMO.
Like I said, it is just a play money gamble but if they had serious technology, it would have payed off already.
I guess the other thing is, as I get older and can be less bothered with losing money on these 'green can dreaming' shares, an ETF like VAS just becomes a whole lot easier.
Life was so much easier, before all the green dream ramping got involved.
 
A titbit of hopefully good news from NMT.

They are doing due diligence on the purchase of a pilot plant operation that recovers precious metals from industrial process. Given they have the technical skills in this process with their battery recycling technology this would be good fit.

Option to acquire Precious Metals Waste Recovery Process and Plant in US

Highlights:
• Neometals secures option to acquire an 80% equity interest in a private US company which has developed a process to selectively recover precious metals from industrial waste streams;

• The purchase price for the 80% equity interest is approximately US$10 million (A$15.4M), payable by way of a combination of staged cash and equity in Neometals;

• The potential for short-term cash generation from debottlenecking the pilot plant and increasing the recovery of precious metals from waste is consistent with Neometals’ strategy; and

• Neometals’ technical team has completed an initial six-week variability test work program and commenced a second program in parallel with financial and legal due diligence work streams.

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce it has secured an option, expiring 31 August 2024 (“Option” and “Option Agreement”), to acquire an 80% equity interest of US business, Precious Metals Recovery, LLC (“PMR”). PMR operates a pilot plant which demonstrates its proprietary hydrometallurgical processing flowsheet (“PMR Technology”) to recover precious metals from industrial waste streams. The Option period allows Neometals’ technical team to complete its due diligence on PMR and its business (including the PMR Technology).

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Option to Acquire US Precious Metals Process & Plant (PDF 247.3 KB)
 
Couple of new announcments from NMT

1) An update on the the Precious metals Waste recovery process analysis. Seems like it is going ok. They need to do some tinkering with the process which of course is what they do well and why they are considering buying it.

2) John Reed has bought 500,000 shares at market. ($58k) A tidbit of encouragement for the punters


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Precious Metals Due Diligence Update (PDF 350.9 KB)
Change of Director's Interest Notice (PDF 175.2 KB)
 
I think there will be a turnaround in metals. Then Neometals will be in a good position. Might be a few years way unfortunately.
They need a win. I am not interested at this stage.
 
Miner said:
NMT another of my red-inked tips for CY 24. In CY the price has dived down 52%. gees.
Bt would this inject some steroid


One more waiting game until DEC 24
Can I believe the technical analysis ? DNH

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what a ridiculous prediction for the price of NMT
The shareholders and the insto must ask what sort of performances these mobs, aka directors, crossed by earning performance rights.
From a price of 50 cents to 7 cents in 12 months.
@debtfree - My july posting for CY 24 competition

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Couple of pieces of news. They have raised further capital so they are still solvent and hopefully will get Li Ion recycling project to the finish line They have a presentation on line which explores their history and current activities.
The money shot ?

Flagship Recycling Plant Building JV is building Mercedes-Benz a 2,500tpa pilot plant
Product readiness for ~21,000tpa commercial plants expected mid-2025
Lithium Chemical and Vanadium Recovery technologies ready for Industrial Partner Validation stage of development


Diggers & Dealers Presentation (PDF 5,116.1 KB)
Placement (PDF 218.2 KB)
Proposed issue of securities - NMT (PDF 15.1 KB)

Placement statement
Highlights
• Existing long-term shareholder Mr William Robert Richmond subscribes for approximately US$3 million in ordinary fully paid shares at US$0.045 per share;

• Placement proceeds to support flagship Lithium-ion Battery (LiB) Recycling business’ through the industrial validation stage; and

• The Company will have a net cash balance of A$9.3M post completion.

Sustainable process technology developer, Neometals Ltd (ASX & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the successful execution of a subscription agreement with Mr William Robert Richmond to raise approximately US$3 million (approximately A$4.5 million, based on an exchange rate of US$0.6631) (Subscription Amount) through the issue of 66,666,666 new ordinary fully paid shares (Placement Shares) at an issue price of US$0.045 (representing A$0.068, based on an exchange rate of US$0.663 per share) (Placement).
Placement details:
SP has jumped to 8.4c I imagine in relief that they will not be folding yet.
 
NMT has a sharp rise today - at least percent wise. I think the internal capital raising has offered enough confidence that they can get their Lithium battery recycling project onto the market before they run out of money.

Have to say that Mr Richmond is looking very good at the moment for his $3m dollar purchase. He paid 4.5c a share. Current price 8.9 c . This could run a but harder
 
So have the ASF smarties been piling in on NMT after my tip this morning . (Naturally I havn't ..:(

It's jumped other 10% to 9.7c . Reached 10 briefly. Is it good value at this price ? Or is it just a brief bounce where one takes the money and runs. ?
 
from 60c to 6c in a year. now 8.6c. a tale of woe ... tough love

Neometals Strategy Update

Sustainable process technology developer, Neometals, provides a strategy update with the following key measures to be implemented immediately:
• Restructuring and right-sizing of the organisation and its underlying cost base to reflect a new strategic refocus;
• Prioritising the progression of Primobius, the LiB Recycling joint venture with SMS group GmbH, through industrial validation to commercialisation; and
• Capital management initiatives through the targeted sale of non-core assets and strategic partnering to facilitate the ongoing development of the Company’s other technologies.

Neometals has adapted its corporate strategy in response to prevailing battery materials prices and market sentiment. A simplified structure and focus on the Primobius plant building joint venture targets an optimum path to creating and realising shareholder value.

These steps and the Company’s existing austerity plan are expected to lower the corporate and administrative cost base by approximately 40% year-on-year. This, coupled with the recently announced placement raising approximately A$4.5M, is intended to support the commercialisation of Primobius with the aim of becoming a leading supplier of LiB Recycling plants to the global EV supply chain. Primobius’ patented recycling process is being industrially validated through the delivery of a 2,500 tpa plant for Mercedes-Benz in Kuppenheim, Germany. Once successfully commissioned and accepted by the client, Primobius plans to then offer larger plants to its growing pipeline of licence holders, MOU counterparties and new customers. Primobius’ preferred business model is to offer plant supply contracts and technology licences, rather than operating recycling plants as principal.

The pre-commercial lithium and vanadium recovery technologies have been developed to pilot scale but require significant additional capital to demonstrate proof-at-scale. Despite the prolonged lithium and vanadium commodity price downturns, the engineering cost studies indicate both technologies can potentially deliver users a step change in operating costs and carbon footprints of materials, critical for the long-term energy transition. Neometals is actively supporting these distinct business units to become independently funded and will consider options to potentially sell down beneficial ownership, by procuring commercial partners for those business units.

Neometals Managing Director Chris Reed said:
“We have taken these tough but necessary decisions to simplify our strategy, focus and organisation to prioritise the growth of the Primobius revenue base and forward order book. Primobius is a market leader, delivering a first-of-a-kind integrated recycling plant for Mercedes-Benz, a global marquee carmaker. The headwinds in the battery materials sector dictate that we must adapt to suit conditions by conserving capital, securing partners to fund our pre commercial technologies and divesting non-core assets”.
 
Dona Ferentes said:
from 60c to 6c in a year. now 8.6c. a tale of woe ... tough love

Neometals Strategy Update

Sustainable process technology developer, Neometals, provides a strategy update with the following key measures to be implemented immediately:
• Restructuring and right-sizing of the organisation and its underlying cost base to reflect a new strategic refocus;
• Prioritising the progression of Primobius, the LiB Recycling joint venture with SMS group GmbH, through industrial validation to commercialisation; and
• Capital management initiatives through the targeted sale of non-core assets and strategic partnering to facilitate the ongoing development of the Company’s other technologies.

Neometals has adapted its corporate strategy in response to prevailing battery materials prices and market sentiment. A simplified structure and focus on the Primobius plant building joint venture targets an optimum path to creating and realising shareholder value.

These steps and the Company’s existing austerity plan are expected to lower the corporate and administrative cost base by approximately 40% year-on-year. This, coupled with the recently announced placement raising approximately A$4.5M, is intended to support the commercialisation of Primobius with the aim of becoming a leading supplier of LiB Recycling plants to the global EV supply chain. Primobius’ patented recycling process is being industrially validated through the delivery of a 2,500 tpa plant for Mercedes-Benz in Kuppenheim, Germany. Once successfully commissioned and accepted by the client, Primobius plans to then offer larger plants to its growing pipeline of licence holders, MOU counterparties and new customers. Primobius’ preferred business model is to offer plant supply contracts and technology licences, rather than operating recycling plants as principal.

The pre-commercial lithium and vanadium recovery technologies have been developed to pilot scale but require significant additional capital to demonstrate proof-at-scale. Despite the prolonged lithium and vanadium commodity price downturns, the engineering cost studies indicate both technologies can potentially deliver users a step change in operating costs and carbon footprints of materials, critical for the long-term energy transition. Neometals is actively supporting these distinct business units to become independently funded and will consider options to potentially sell down beneficial ownership, by procuring commercial partners for those business units.

Neometals Managing Director Chris Reed said:
“We have taken these tough but necessary decisions to simplify our strategy, focus and organisation to prioritise the growth of the Primobius revenue base and forward order book. Primobius is a market leader, delivering a first-of-a-kind integrated recycling plant for Mercedes-Benz, a global marquee carmaker. The headwinds in the battery materials sector dictate that we must adapt to suit conditions by conserving capital, securing partners to fund our pre commercial technologies and divesting non-core assets”.
Click to expand...
One of the concerns I had with NMT was the range of projects they were developing and whether they had the finance and the skills to bring them to fruition. The real killer IMV was the collapse of the sale of the Titanium Oxide project in WA . That killed the funding source for their other projects.

If their get one project off and running and make a reasonable return that is a far better option than losing the whole company because they run out of money.
I'm glad Chris Reed is clear eyed enough to take these steps.
 
 

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