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NMT - Neometals Limited

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put on another 10c today

• Successful scaled up demonstration of Neometals vanadium recovery process in 24 day continuous pilot trials;
• Confirmation of exceptional product purity (>99.5% V2O5) with maximum vanadium recoveries exceeding 75%;
• Vanadium concentrations through the process significantly higher than earlier mini-pilot results providing potential to reduce reagent volumes and equipment sizing; and
• Pilot campaign provides confidence and data to commence a feasibility study and has generated additional product samples for offtake evaluation

Neometals Managing Director Chris Reed commented:
"We are very pleased to confirm, at scale, the exceptional product purities and recoveries from our proprietary, carbon sequestering, vanadium recovery process. Data from the Pilot will now feed into our Feasibility Study to confirm potential lowest quartile operating costs and leading capital cost estimates from the earlier PFS. The Pilot has significantly derisked the project enabling the acceleration of commercial offtake discussions, reagent sourcing and approvals processes for the development of the project at the Port of Pori, Finland.+
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sptrawler said:
Great news for Neometals, the demonstration plant is being put into service, due to consumer demand. It is being set up to process 10 tons per day for EV manufacturers and cell makers.

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It is excellent news. Just to clarify the statement. They are fast tracking their demonstration plant to process the 10 tons a day of LiOn batteries in the first quarter of 2022.
 
Knobby22 said:
I thought they were going to associate this with a raising.
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They have. There is a Widgie Nickel presentation on their website.

Short story. NMT shareholders will receive 130m shares worth 26M dollars. There will a further 120 million shares sold to raise another $24m

Shares are valued at 20c each.

I reckon this is what has given NMT a bit of a kick today. Effectively increased current value by around 6c a shares

https://www.widgienickel.com.au/site/investor-centre/presentations
 
Have to say the presentation looks quite exciting. There is plenty of nickel already established. Some very large holes in the ground already because this area was/is a substantial mining operation. They will spend 2 years drilling their hearts out and believe they will be producing nickel at the end of 2023.

And we already have shares in the deal and could pick up more at 20c . I think this could do very nicely.:2twocents
 
basilio said:
Have to say the presentation looks quite exciting. There is plenty of nickel already established. Some very large holes in the ground already because this area was/is a substantial mining operation. They will spend 2 years drilling their hearts out and believe they will be producing nickel at the end of 2023.

And we already have shares in the deal and could pick up more at 20c . I think this could do very nicely.:2twocents
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The biggest problem I can see in the Widgee presentation, is the nickel grade, 1.6% isn't good. From memory, it is pretty low on the viability scale, but it is relative to the price of nickel and the depth of the resource which affects recovery costs.
DYOR
 
sptrawler said:
The biggest problem I can see in the Widgee presentation, is the nickel grade, 1.6% isn't good. From memory, it is pretty low on the viability scale, but it is relative to the price of nickel and the depth of the resource which affects recovery costs.
DYOR
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SP that is correct - but far from the full picture. There are a number of factors that Widgee Nickel is looking at to make this a tidy little earner. I think the presentation is worth reading to the end of the story.

1) There are actually 11 different ore sites across the tenements. A number already have significantly higher nickel grades than the average and are capable of being mined immediately. Their grades are 2% plus

2) The company has identified Copper, Cobalt and PGM's (platinum group metals) in the recent drilling. There seems to a promising possibility of increasing the final value of the mine through these additional minerals. They noted that only 10% of the previous 140,000 assays tested for Copper, Cobalt. Gold or PGMs

3) The major high value sites are already mine ready. Minimum capital development costs.

4) There are extensive greenfield sites with further potential as well as expansion areas in the current tenements.

5) They have substantially improved treatment processes for the processing and waste recovery procedures

6) Nickel is being recognised as an in-demand product with the rapid expansion of EV's

7) The next two years of drilling and hopefully good results will be important drivers in the SP.

I'm happy to have some shares in the new venture courtesy of NMT. I'm also guessing that NMT will want to ensure the success of this venture - if only because the main principals will have big stock shares in the company.:2twocents
 
John Reed one of the current directors of NMT has sold 2m NMT shares to finance his purchase of additional shares in the Widgee Nickel float. (See announcement on NMT website)

I wouldn't be surprised to see much of the $24 m in shares being picked up current NMT insiders. They are clearly very knowledgable about the background and potential of the project.

Quite rightly however they want to focus NMT attention on their current core business.
 
NMT had sharp rise yesterday and equally sharp fall today. I believe it is because August 26th (yesterday) was the cutoff point for NMT shareholders to be eligible for free shares in the Widgee float. (See prospectus at widgee ) So it seems a number of people have jumped in for their cut and had it recorded and have now jumped out again. I think..:cautious:

WIN Metals

WIN Metals
www.widgienickel.com.au www.widgienickel.com.au
 
So is anyone else considering taking up the additional Widgie Nickel shares on offer?
I have decided to have a punt. I think it starts off with minimum puffery and maximum value and IMV if the exploration is in any way successful it will be a good little earner.

I also suspect the major NMT shareholders will be in like Flynn. Usually a good recommendation. :2twocents
 
Steep jump in SP today on high turnover. Up 10c or almost 14%. No new news to date. The current price however is reaching the peak of 84c when the decision to fast track the battery recycling project (19 August announcement) was announced.

Seems reasonable.
 
basilio said:
So is anyone else considering taking up the additional Widgie Nickel shares on offer?
I have decided to have a punt. I think it starts off with minimum puffery and maximum value and IMV if the exploration is in any way successful it will be a good little earner.

I also suspect the major NMT shareholders will be in like Flynn. Usually a good recommendation. :2twocents
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I am taking up the offer. The jump today 12.5% No idea why. Needs to go up another 5c tomorrow to make it important.
 
MOU of second even larger Vanadium recovary plant. They aren't letting the grass grow under their feet.

MOU FOR POTENTIAL SECOND, LARGER VANADIUM RECOVERY PLANT HIGHLIGHTS 

Neometals’ Vanadium Recovery Project partner Critical Metals, has entered into an MoU* for a potential 10-year Slag supply agreement with green steel developer, H2GS AB; 

MoU agrees evaluation framework of H2GS’s potential Slag and key commercial terms of a potential Slag supply agreement; and 

MoU represents an opportunity to significantly increase the scale and scope of proposed 50:50 (Neometals /Critical) incorporated JV to produce high-purity vanadium products from Slags using Neomtetals’ proprietary technology

 

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