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NMT - Neometals Limited

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I placed a buy order this morning to get some NMT at 0.245. With less than 5min to the open there were hundreds of thousands available so I left it. After the open I wondered why I hadn't received my email notification of the purchase. Even though the open was 0.245 my order wasn't hit. WTH? Who's reading my mail or looking over my shoulder?


I've got the sulks and canceling the order. If price comes back down to 0.245 I don't want it.
 
With Li battery recycling on the cards and NMT management having proven they are capable of creating value for shareholders (I've been following them since they were Reed Resources headed by the Reed's decades ago), I am happy to pick NMT as my top pick for CY2021 competition.

The chart is also waking up from a slumber...

 
closing in on 40c.... Management spelling it out for the future...

Market Tailwinds
Europe is presently leading the world in electric vehicle value chain investment. The European Commission is focused on building resilience as it looks to deliver on its ‘Green Deal’ objective with net zero greenhouse gas emissions targeted in the EU by 2050. Also supporting the timing of the Primobius* industrial recycling solution are new EU Battery regulations providing further commercial tailwinds with sustainability, recycled content, circularity and ethical domestic sourcing in focus.

The battery regulations aim to:
  • • Harmonise product requirements for batteries;
  • • Minimise environmental impact of batteries;
  • • “Close the loop” by improving battery collection and sustainable recycling of materials; and
  • • Provide legal certainty to promote investments and boost the production capacity of sustainable batteries in Europe and beyond.

The Primobius recycling technology and business model is very closely aligned with the EU’s decarbonisation and clean energy objectives. Importantly, the regulation will help underpin strong growth in supply of scrap and end of life LIB cells (feed). The key terms relevant to Primobius / Neometals can be seen below:

• Mandatory recycling of industrial and EV batteries within 12 months of adoption by EU Parliament (expected Q4CY2021);
• Mandatory CO2 life-cycle disclosure on all batteries by 2024;
• Increased recycling efficiency and collection targets;
• Minimum use of recycled materials in batteries by 2027; and
• Compliance labelling via the ‘Battery Passport’ to include traceability and provenance disclosure.

*NMT has a 50:50 joint venture with SMS group GmbH is called Primobius GmbH .

and that is only one of NMT activities. Neometals has four core projects with large partners that span the battery value chain:
Recycling and Resource Recovery:
• Lithium-ion Battery Recycling – a proprietary process for recovering cobalt and other valuable materials from spent and scrap lithium batteries. Pilot plant testing completed with plans well advanced to conduct demonstration scale trials with 50:50 JV partner SMS group, working towards a development decision in early 2022; and
• Vanadium Recovery – sole funding the evaluation of a potential 50:50 joint venture with Critical Metals Ltd to recover vanadium from processing by-products (“Slag”) from leading Scandinavian Steel maker SSAB. Underpinned by a 10-year Slag supply agreement, a decision to develop sustainable European production of high-purity vanadium pentoxide is targeted for December 2022.
Downstream Advanced Materials:
• Lithium Refinery Project – evaluating the development of India’s first lithium refinery to supply the battery cathode industry with potential 50:50 JV partner Manikaran Power, underpinned by a binding life-of-mine annual offtake option for 57,000 tonnes per annum of Mt Marion 6% spodumene concentrate, working towards a development decision in 2022.
Upstream Industrial Minerals:
• Barrambie Titanium and Vanadium Project - one of the world's highest-grade hard-rock titanium-vanadium deposits, working towards a development decision in mid-2021 with potential 50:50 JV partner IMUMR.
 
• Sighter flotation test work on Armstrong mineralised sample from RC chips produces commercial grade nickel concentrate (12% Ni)
• Material palladium grades in both sample (3 g/t) and concentrate (20 g/t) from Armstrong deposit

Palladium at Armstrong : A review of available palladium and platinum data in drill samples at the Armstrong deposit shows that while only ~10% of all samples in the area were assayed for Pd and / or Pt, elevated grades of the PGMs are closely associated with the locations of enriched nickel.


ten year high
 
Barrambie Titanium and Vanadium Project (Pilot-stage, 100% NMT, MOU for 50:50 Operating JV)

• For environmental and economic reasons China is transitioning to feedstocks suitable for Chloride Pigment production
• Preference for high grade feedstocks such as synthetic rutile, high quality ilmenites and high grade titanium slags
• As the best mineral sands deposits are being mined out it is getting harder to source high grade feedstocks
• Need to move to further exploitation of high grade VTM deposits

Conditional MOU signed for 50:50 operating JV with leading Ti-V Research Institute IMUMR
• IMUMR has Chinese national mandate to develop upstream supply chains for strategic industries. China is half of global titanium pigment production
• IMUMR (China Geological Survey) to complete Demonstration Plant
• Subject to positive Demonstration Plant trials, Neometals and IMUMR will jointly fund Class 2 Engineering Cost Study on developing mine and concentrator in Australia and downstream processing in China
• Consider FID and proceed to negotiate 50:50 operating JV
• JV will have right to mine Barrambie for commercial consideration payable to Neometals subsidiary holding mining lease e.g. Mineralogy – CITIC – Balmoral Project
 
Funny that China is transitioning to Chloride Pigment solution, for environmental reasons, yet are moving forward with pig nickel from Indonesia which is environmentally crap. Go figure.
 
Listing on London Stock Exchange in the 3rd quarter. 10% rise today.

I think it expects to tap into investors looking into sustainable energy companies - (Australia is still a bit backward on this + all its partners are foreign).

To summarise what this company is doing:

Neometals has four core projects with large partners that span the battery value chain:

• Lithium-ion Battery Recycling – a proprietary process for recovering cobalt and other valuable materials from spent and scrap lithium batteries. Pilot plant testing completed with plans well advanced to conduct demonstration scale trials with 50:50 JV partner SMS group, working towards a development decision in early 2022; (German).

• Vanadium Recovery – sole funding the evaluation of a potential 50:50 joint venture with Critical Metals Ltd to recover vanadium from processing byproducts (“Slag”) from leading Scandinavian Steel maker SSAB. Underpinned by a 10-year Slag supply agreement, a decision to develop sustainable European production of high-purity vanadium pentoxide is targeted for December 2022. (Sweden)

• Lithium Refinery Project –evaluating the development of India’s first lithium refinery to supply the battery cathode industry with potential 50:50 JVpartner Manikaran Power, underpinned by a binding life-of-mine annual offtake option for 57,000 tonnes per annum of Mt Marion 6% spodumene concentrate, working towards a development decision in 2022. (India)

• Barrambie Titanium and Vanadium Project - one of the world's highest-grade hard-rock titanium-vanadium deposits, working towards a development decision in early 2022. (China)
 
Yeah, great to see little Aussie firms in the thick of technology and looking into the future. If everyone goes in the EV direction, then Li-ion battery recycling taking off will be a no brainer.

I've done some research into this topic when I bought LIT for the speculative portfolio, and based on that research NMT and LIT are the only two companies on the ASX getting set nice and early for this future technology.
 
Excellent PFS report on a Vanadium recovery project in Finland. Sould give the SP a boost this morning. This is an impressive company.

VANADIUM RECOVERY PROJECT - PFS INDICATES ROBUST POTENTIAL ECONOMICS HIGHLIGHTS •

PFS indicates strong case for recovering vanadium from vanadium-bearing steelmaking by-products in Finland; •

Annual production of 13.4 million pounds of high-purity vanadium pentoxide secured by 10 year supply agreement with Scandinavian steelmaker SSAB; •

Lowest quartile cash cost (US$4.25/pound) with potential to lower with by-product/carbon credits;

• Net Present Value10% of US$230 million and pre-tax IRR of 31% on 100% ownership basis; and

• Completion of Pilot Plant trials and award of Feasibility Study on schedule for July 2021 to enable potential final investment decision in the second half of 2022

I hold.


Vanadium Recovery Project - Outstanding PFS Results
 
NMT is in a Trading Halt ahead of an update on their battery recycling project.

If it is as positive as the last announcement on the Vanadium recovery project then there should be some renewed interest

Let's go!!
 
The "mining" and recycling of once used minerals, in particular Li Ion batteries, is moving swiftly. Pilot plants have proven successful. Full size commercial plants are 1-3 years away. Australian companies are amongst those at the forefront of this technology.

DECARBONISING CRITICAL RAW MATERIALS SUPPLY CHAINS IN THE EU

26/05/2021
8:44 am

Corporate Presentation - 121 EMEA Conference

14976KB
 
Neometals (NMT) getting enthusiastic backing from Henry Jennings at 43.50 mark. The rest is tedious listening imo, with all the back slapping and chock full jokesy advertising, but mentions are made of PPK, CDM, AGL if you're up to it.

Not Held

Expert Investor: Henry Jennings - 3 sleeper stocks with big upside potential - Equity Mates Media

Henry is a Senior Investment Analyst and Portfolio Manager writing for the last six years in the Marcus Today newsletter. Henry specialises in small and mid-caps although he has a thorough knowledge and understanding of large caps too. Henry also works with the MTIS team to formulate investment...
equitymates.com
 
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