Australian (ASX) Stock Market Forum

NMT - Neometals Limited

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some EU / Finnish interest in Vanadium recovery .... now $0.086

HIGHLIGHTS
• Neometals 88% owned entity, Recycling Industries Scandinavia AB, executes project agreement with EIT RawMaterials GmbH to support the development of the Finnish vanadium recovery project
• EIT RawMaterials is co-funded by the European Union and will provide €0.5M (c. A$829k) in grant funding to RISAB’s 100% owned VRP1 holding company, Novana Oy and become a minority shareholder in RISAB at a pre money valuation of €50M (c. A$82.9M)
• Funding to be applied towards progressing project financing, with improved economics arising from an additional €15M (c. A$24.9M) conditional investment grant being provided by the EU backed Finnish State NextGeneration fund and a potential new Finnish State 20% investment tax credit; and
• EIT RawMaterials to also have the option to subscribe for up to a further €10M (c. A$16.6M) in additional RISAB equity at the Pre-Money Valuation.
 
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Dona Ferentes said:
some EU / Finnish interest in Vanadium recovery .... now $0.086

HIGHLIGHTS
• Neometals 88% owned entity, Recycling Industries Scandinavia AB, executes project agreement with EIT RawMaterials GmbH to support the development of the Finnish vanadium recovery project
• EIT RawMaterials is co-funded by the European Union and will provide €0.5M (c. A$829k) in grant funding to RISAB’s 100% owned VRP1 holding company, Novana Oy and become a minority shareholder in RISAB at a pre money valuation of €50M (c. A$82.9M)
• Funding to be applied towards progressing project financing, with improved economics arising from an additional €15M (c. A$24.9M) conditional investment grant being provided by the EU backed Finnish State NextGeneration fund and a potential new Finnish State 20% investment tax credit; and
• EIT RawMaterials to also have the option to subscribe for up to a further €10M (c. A$16.6M) in additional RISAB equity at the Pre-Money Valuation.
Click to expand...
Has to be better news for NMT. The Vanadium project always offered very good value. Cheaper financing can only assist the bottom line. It will be long term project however.
 
Back to the Future for NMT. They have reassessed old data from the Burrambie leases and it seems like there's gold in them thar hills


Barrambie Gold Exploration Target

Highlights
- Maiden assessment completed on gold exploration potential at Barrambie using historical data from previous explorers;

-Focus since Barrambie acquisition in 2003 has been on the titanium and vanadium deposit with gold potential not previously examined;

-Barrambie Greenstone Belt (“BGB”) historically produced 27,000 gold ounces at 27.8g/t;

- Camp-scale gold potential with significant structural corridors identified;

- Recent Neometals grab and rock chip sample assays range from 5.1g/t to 44g/t Au and are consistent with historical mined grades;

-Exploration Target along the 40km strike of BGB within Neometals tenure is between 8Mt at an average grade of 1.3g/t Au and 10.5Mt at an average grade of 2.3g/t Au, for an implied 335,000 ounces to 775,000 ounces gold, and;

- Exploration Target considers a drill dataset across ten prospects, observed mineralogical characteristics, various geometries, dimensions and styles of known mineralisation and current understanding of structural and lithological controls on the location of mineralisation.

The Competent Person cautions that the potential quantity and grade of the Exploration Target is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource, and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.
The Competent Person further cautions that exploration data relied on for this Exploration Target are historic and have not or may not have been previously reported under the JORC Code or any of its precedents and considers that these are indicative and not absolute measures of the presence of gold mineralisation.

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to provide an update on the potential gold endowment at the Company’s 100% owned Barrambie Project (“Barrambie”), in Western Australia.
Barrambie is not only one of the world’s highest-grade titanium deposits1 but is also highly prospective for gold mineralisation, with minimal gold exploration occurring since the 1970s. Neometals’ ~706 km2 of tenure encompasses approximately 40km of strike of the BGB, the majority of which remains under-explored for gold (see Figure 1).
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Barrambie Gold Exploration Target (PDF 2,800.7 KB)
 
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Big jump today for NMT. Closed 30% higher at 11c.

Perhaps the announcement re the gold prospects have triggered some interest ? Also of course the renewed interest in the Vanadium project. Slightly better than a one trick pony ..:)
 
Punters are chasing NMT this morning. Currently at 14c (oops now 15) up 27% from last nights close (which was a 30% jump for the day)

I'm not going to mozz this share by buying in. :) Whether the renewed interest is just recalibrating value after the last 2 announcements or pure spec.. Who knows.
 
another stock - no posting in Oct until this one even though company made few announcements including capital raise.
Has the market and ASF traders lost interest as one can see the down trend of the stock from 25 to 10 cents in CY 24 so far ?
This is a solid trust by Chris Reed however to put $95 K

moderate positive sign after entitlement offer released couple of weeks back
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@debtfree

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One the significant projects of NMT had a clear succes in October. Mercedes Benz is using the battery recycling technology for their used batteries. Hopefully there is a few bucks in the deal for NMT.

Mercedes-Benz closes ‘battery material loop’ with Neometals​

German car giant Mercedes-Benz has opened the first battery recycling plant in Europe which will utilise technology developed by Australian company Neometals (ASX:NMT).

The new plant – which is located in Kuppenheim in Germany – will recover key materials such as lithium, nickel, and cobalt and has an annual capacity of 2,500 tonnes.

The recovered materials will be used to produce more than 50,000 battery modules for new all-electric Mercedes-Benz models.

Primobius, a joint venture between Neometals and Germany’s SMS Group, was selected as a technology partner in March 2022 and was responsible for the engineering, equipment supply, and installation of the two-stage recycling plant.
The integrated solution was built specifically for Mercedes-Benz, which says that with the Promobius technology, it is the first automotive manufacturer worldwide to “close the battery material loop” with its own recycling plant.

mining.com.au

Mercedes-Benz closes 'battery material loop' with Neometals

German car giant Mercedes-Benz has opened the first battery recycling plant in Europe which will utilise technology developed by Neometals.
mining.com.au mining.com.au
 
NMT—could it turn around in CY 2024? The inside reports are impressive but can not be shared now.

One director bough large shares
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Attachments

  • FDA-accepts-NDA-and-grants-priority-review-for-Pixclara.PDF
    148.4 KB · Views: 2
Another trial of NMT developed technology is proving successful. This was one of the 4 projects they were developing.

They may be able to commercialize it via other industrial partners.

Positive Results from ELi™ Pilot Trial
Highlights:

• ELiTM has achieved the objectives of the pilot stage of its electrolysis technology readiness;
• The crystallisation trial produced high purity lithium hydroxide monohydrate crystals and will produce further samples for market evaluation;
• The electrolysis trial data supports the expected power consumption and membrane life assumptions, and hydrodynamic testing confirmed the equipment can be applied to commercial-scale operation;
• The final stages of the Pilot trial involved a 1,000-hour electrolysis test of a lithium chloride solution (South American brine source), purified with ELi™ technology and crystallisation of the lithium hydroxide product;
• The ELi™ Process potentially delivers users a step-change reduction in operating costs to convert lithium chloride brines to lithium hydroxide (or carbonate) with electrolysis, virtually eliminating bulk reagents.

Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the results of the final electrolysis and crystallisation stages of the ELi™ Process (“ELi™”) Pilot trial (“Trial”). ELi™ is owned by Reed Advanced Materials Pty Ltd (“RAM”), a 70:30 incorporated joint venture between Neometals Ltd and Mineral Resources Ltd.

The technology uses electricity to convert lithium chloride solutions into lithium hydroxide in a conventional chlor-alkali cell, replacing the need for large volumes of bulk chemical reagents required in the industry-standard, chemical precipitation process. ELi™ has the potential to deliver users a step-change in operating costs1 versus industry standard chemical precipitation.
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Final Pilot Trial Results (PDF 782.4 KB)
 

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