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Starting to look interesting.
Need to break that red cloud.
No position yet.
Need to break that red cloud.
No position yet.
NMT - Neometals Limited
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NMT has formalised control of its joint Vanadium Recovery project in Finland with the other partners. Another of their big projects that hopefully gets off the ground in 2023.
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NMT released the feasability study for the Vanadium recovery project. It seems the figures have improved. One can understand why they decided to take formal control of the project.
VANADIUM RECOVERY PROJECT DELIVERS STRONG FEASIBILITY RESULTS
Highlights
• Feasibility Study confirms improved Net Present Value (“NPV”) compared to Preliminary Feasibility Study (“PFS”)1 to recover vanadium pentoxide (“V2O5”) from vanadium-bearing steelmaking by-products in Finland;
• Strategically important average annual production (excluding ramp up) of 19.1 million pounds per annum (~8,655tpa) of potentially carbon negative high-purity V2O5 secured by 10-year supply agreement with Scandinavian steelmaker SSAB;
• Lowest quartile cash cost (US$4.19/pound), excl. royalty, with potential to lower with by-product/carbon credits;
• 40% increase in pre-tax NPV10, to US$323 million compared to PFS1 and pre-tax IRR of 24.8% on 100% ownership basis; and
• Final Investment Decision on schedule for June 2023, subject to finance.
Neometals Managing Director Chris Reed said:
“Neometals is encouraged by the outcomes of the FS. Importantly, increased evaluation detail and cost accuracy has not seen a significant departure from prior cost studies. VRP1 remains in the first quartile of the operating cost curve and since the historical PFS, the sector tailwinds behind this project have increased markedly. With our newly expanded 300ktpa feed rate and some updated data since the last cost study, the FS highlights the significant opportunity that exists. Specifically, that opportunity is to deliver some of the highest-grade, lowest-cost vanadium chemicals globally with a carbon-negative footprint. Security of supply is a key issue globally, particularly so in the EU where battery material resilience is the topic du jour”.
Vanadium Recovery - Feasibility Study Results (PDF 1,810.0 KB)
VANADIUM RECOVERY PROJECT DELIVERS STRONG FEASIBILITY RESULTS
Highlights
• Feasibility Study confirms improved Net Present Value (“NPV”) compared to Preliminary Feasibility Study (“PFS”)1 to recover vanadium pentoxide (“V2O5”) from vanadium-bearing steelmaking by-products in Finland;
• Strategically important average annual production (excluding ramp up) of 19.1 million pounds per annum (~8,655tpa) of potentially carbon negative high-purity V2O5 secured by 10-year supply agreement with Scandinavian steelmaker SSAB;
• Lowest quartile cash cost (US$4.19/pound), excl. royalty, with potential to lower with by-product/carbon credits;
• 40% increase in pre-tax NPV10, to US$323 million compared to PFS1 and pre-tax IRR of 24.8% on 100% ownership basis; and
• Final Investment Decision on schedule for June 2023, subject to finance.
Neometals Managing Director Chris Reed said:
“Neometals is encouraged by the outcomes of the FS. Importantly, increased evaluation detail and cost accuracy has not seen a significant departure from prior cost studies. VRP1 remains in the first quartile of the operating cost curve and since the historical PFS, the sector tailwinds behind this project have increased markedly. With our newly expanded 300ktpa feed rate and some updated data since the last cost study, the FS highlights the significant opportunity that exists. Specifically, that opportunity is to deliver some of the highest-grade, lowest-cost vanadium chemicals globally with a carbon-negative footprint. Security of supply is a key issue globally, particularly so in the EU where battery material resilience is the topic du jour”.
Vanadium Recovery - Feasibility Study Results (PDF 1,810.0 KB)
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Last report from NMT presents the investment case for the Vanadium Recovery project.
It looks exceptionally good from all aspects. High value financial return, outstanding environmental impact - it reduces pollution in its operation. It actually reduces CO2.
Next steps are to finalise off take agreements and secure the investment capital to build the plant.
Investor Presentation - Vanadium Recovery Project (PDF 1,053.3 KB)
It looks exceptionally good from all aspects. High value financial return, outstanding environmental impact - it reduces pollution in its operation. It actually reduces CO2.
Next steps are to finalise off take agreements and secure the investment capital to build the plant.
Investor Presentation - Vanadium Recovery Project (PDF 1,053.3 KB)
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Two recent announcements from NMT.
1) Update on financing options for the Vanadium Recovery project.
2) Investor presentation for the London Stock Exchange.
The investor presentation analyses the 4 distinct projects NMT is running. All seem to have lift off timetables for 2023/4
Vanadium Recovery - Financing Update (PDF 530.8 KB)
Investor Presentation - London Stock Exchange SparkLive (PDF 10,773.8 KB)
1) Update on financing options for the Vanadium Recovery project.
2) Investor presentation for the London Stock Exchange.
The investor presentation analyses the 4 distinct projects NMT is running. All seem to have lift off timetables for 2023/4
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New statements from NMT regarding progress with their Burrambie mine
Offtake Term Sheet with Jiuxing Titanium Executed
Highlights
• Barrambie offtake term sheet executed with Jiuxing Titanium Materials Co for both Direct Shipping Ore (“DSO”) and titanium-rich mixed gravity concentrates (“MGC”);
• Recent Pre-feasibility Study being updated to reflect the proposed development of a DSO/MGC only operation (results expected May 2023); and
• Provides clear, capital light development pathway.
Barrambie - Landmark Offtake Term Sheet Executed (PDF 608.3 KB)
About Neometals Ltd
Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles.
Neometals’ three core battery materials businesses, listed below, are commercialising these proprietary, low-cost, low-carbon process technologies:
• Lithium-ion Battery (“LIB”) Recycling (50% equity) – to produce nickel, cobalt and lithium from production scrap and end-of-life LIBs in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd Shredding ‘Spoke’ in Germany and is the recycling technology partner to Mercedes Benz. Primobius’ first 50tpd operation, in partnership with Stelco in Canada is expected to reach investment decision in Q3 2023;
• Vanadium Recovery (72.5% equity) – to produce high-purity vanadium pentoxide via processing of steelmaking by-product (“Slag”). Targeting a 300,000tpa operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with leading Scandinavian steelmaker SSAB. Finnish project investment decision with JV partner, Critical Metals, expected Q2 2023. MOU with H2Green Steel for up to 4Mt of Slag underpins a potential second operation in Boden, Sweden; and
• Lithium Chemicals (earning 35% equity) – to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using patented ELi® electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Co-funding pilot plant and evaluation studies on a 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.
Offtake Term Sheet with Jiuxing Titanium Executed
Highlights
• Barrambie offtake term sheet executed with Jiuxing Titanium Materials Co for both Direct Shipping Ore (“DSO”) and titanium-rich mixed gravity concentrates (“MGC”);
• Recent Pre-feasibility Study being updated to reflect the proposed development of a DSO/MGC only operation (results expected May 2023); and
• Provides clear, capital light development pathway.
Barrambie - Landmark Offtake Term Sheet Executed (PDF 608.3 KB)
About Neometals Ltd
Neometals is an emerging, sustainable battery materials producer. The Company has developed a suite of green battery materials processing technologies that reduce reliance on traditional mining and processing and support circular economic principles.
Neometals’ three core battery materials businesses, listed below, are commercialising these proprietary, low-cost, low-carbon process technologies:
• Lithium-ion Battery (“LIB”) Recycling (50% equity) – to produce nickel, cobalt and lithium from production scrap and end-of-life LIBs in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd Shredding ‘Spoke’ in Germany and is the recycling technology partner to Mercedes Benz. Primobius’ first 50tpd operation, in partnership with Stelco in Canada is expected to reach investment decision in Q3 2023;
• Vanadium Recovery (72.5% equity) – to produce high-purity vanadium pentoxide via processing of steelmaking by-product (“Slag”). Targeting a 300,000tpa operation in Pori, Finland, underpinned by a 10-year Slag supply agreement with leading Scandinavian steelmaker SSAB. Finnish project investment decision with JV partner, Critical Metals, expected Q2 2023. MOU with H2Green Steel for up to 4Mt of Slag underpins a potential second operation in Boden, Sweden; and
• Lithium Chemicals (earning 35% equity) – to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using patented ELi® electrolysis process owned by RAM (70% NMT, 30% Mineral Resources Ltd). Co-funding pilot plant and evaluation studies on a 25,000tpa operation in Estarreja with Portugal’s largest chemical producer, Bondalti Chemicals S.A.
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Also an important update on development of their proprietary Lithium brine conversion process. If proven this process will be more cost effective and environmentally cleaner than the current chemical processes. Quite a detailed report and comparison.
Portugal Lithium Refinery Study Confirms Step-change Opex of ELi™ Technology
Highlights
• Engineering Cost Study (“ECS”) for Portuguese lithium chemical operation confirms potential industry-leading costs using proprietary ELi™ process;
• ECS co-funded under cooperation agreement with Portugal’s largest chemical producer, Bondalti, to jointly develop a 25,000tpa lithium hydroxide operation in a 50:50 JV;
• ECS estimates indicate a lithium-brine conversion cost of €1,768 per tonne of battery-grade lithium hydroxide;
• Capital cost estimate of €405 million (including 15% contingency) indicates a capital intensity of €16,200 per production tonne.
Emerging, sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the results of the Engineering Cost Study for a lithium chloride Brine conversion operation using the proprietary ELi™ electrolysis process owned by Reed Advanced Materials Pty Ltd (“RAM”) (70% Neometals, 30% Mineral Resources Ltd). The ECS is based on a plant with a production capacity of 25,000tpa of battery-grade lithium hydroxide monohydrate (“LHM”). ELi™ utilises conventional purification processes and chlor-alkali electrolysis cells.
The ECS was co-funded under a binding Co-operation Agreement (“ELi™ Co-operation”) with Portugal’s largest chemical producer, Bondalti Chemicals S.A. (“Bondalti”). The parties will co-fund pilot trial and evaluation studies to allow consideration of a decision to form a 50:50 incorporated joint venture (“JVCo”). JVCo would look to construct and operate a 25,000tpa lithium refinery at Bondalti’s extensive chlor-alkali operations in Estarreja, Portugal (“Estarreja Lithium Refinery” or “ELR”). We expect the commissioning and commencement of operations for the plant to take place in Q1 2027.
Lithium - Exceptional Engineering Cost Study Results (PDF 1,358.1 KB)
Portugal Lithium Refinery Study Confirms Step-change Opex of ELi™ Technology
Highlights
• Engineering Cost Study (“ECS”) for Portuguese lithium chemical operation confirms potential industry-leading costs using proprietary ELi™ process;
• ECS co-funded under cooperation agreement with Portugal’s largest chemical producer, Bondalti, to jointly develop a 25,000tpa lithium hydroxide operation in a 50:50 JV;
• ECS estimates indicate a lithium-brine conversion cost of €1,768 per tonne of battery-grade lithium hydroxide;
• Capital cost estimate of €405 million (including 15% contingency) indicates a capital intensity of €16,200 per production tonne.
Emerging, sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the results of the Engineering Cost Study for a lithium chloride Brine conversion operation using the proprietary ELi™ electrolysis process owned by Reed Advanced Materials Pty Ltd (“RAM”) (70% Neometals, 30% Mineral Resources Ltd). The ECS is based on a plant with a production capacity of 25,000tpa of battery-grade lithium hydroxide monohydrate (“LHM”). ELi™ utilises conventional purification processes and chlor-alkali electrolysis cells.
The ECS was co-funded under a binding Co-operation Agreement (“ELi™ Co-operation”) with Portugal’s largest chemical producer, Bondalti Chemicals S.A. (“Bondalti”). The parties will co-fund pilot trial and evaluation studies to allow consideration of a decision to form a 50:50 incorporated joint venture (“JVCo”). JVCo would look to construct and operate a 25,000tpa lithium refinery at Bondalti’s extensive chlor-alkali operations in Estarreja, Portugal (“Estarreja Lithium Refinery” or “ELR”). We expect the commissioning and commencement of operations for the plant to take place in Q1 2027.
Lithium - Exceptional Engineering Cost Study Results (PDF 1,358.1 KB)
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In 2022, the average price of battery-grade lithium carbonate was estimated at 37,000 U.S. dollars per metric ton. 21 Mar 2023
I think the hydroxide form a bit more expensive.
Currently US$37,000 equals EU33,710
I don't understand the capital intensity estimate (EU16,200 per tonne) because what tonnage are they referring to - every tonne they'll ever produce? Makes no obvious sense. The tonnage of their current resource maybe.
NMT more interesting because of the credible alliances they've formed.
Not Held
I think the hydroxide form a bit more expensive.
Currently US$37,000 equals EU33,710
I don't understand the capital intensity estimate (EU16,200 per tonne) because what tonnage are they referring to - every tonne they'll ever produce? Makes no obvious sense. The tonnage of their current resource maybe.
NMT more interesting because of the credible alliances they've formed.
Not Held
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Two new updates on the Barrambie Titanium/Vanadaium project.
They analyse the cost vs returns of mining and processing the Titanium. There is already an offtake agreement with the major buyer so the questions remains as to how the operation will be financed. Interestingly the project speculates on a 45% IRR which doesn't include the Vanadium which is effectively mined as a side product.
Barrambie Titanium Project PFS and Ore Reserve Update
Highlights
• Neometals completes Class 4 Pre-Feasibility Study Update (“PFS Update”) for production of Direct Shipped Ore (“DSO”) and Mixed Gravity Concentrate (“MGC”) from Barrambie;
• PFS Update includes mining from titanium-rich Eastern bands at Barrambie with a staged capital efficient approach to development:
• Initial A$78.1m capital requirement for 1 year production of DSO with mining, crushing, and screening only;
• Followed by a further A$137.2m to construct a crush, mill, beneficiate (“CMB”) plant for a further 12 years of MGC production.
• Project NPV (pre-tax) of A$374.9m A and IRR of 45%;
• Average free cash (before tax, depreciation, and amortisation) of A$103.3M p.a. over the first 5 years; and
• Probable Ore Reserve update to 27.6 Mt at 22.3% TiO2, 43.7% Fe2O3 and 0.57% V2O5.
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the completion of an update to its Association for the Advancement of Cost Engineering (“AACE”) Class 4 (+/- 25%) PFS for the production of DSO and MGC from its 100% owned Barrambie Titanium Project (“Barrambie”)1. Following recent successful smelting trial results2 and announcement of an offtake term sheet with Jiuxing Titanium Materials (Liaonging) Co. Ltd (“Jiuxing”) (“Jiuxing Offtake Term Sheet”)3, the PFS Update has delivered compelling financial metrics allowing the project to move into a definitive feasibility study phase.
Barrambie - Updated PFS Results (PDF 3,175.4 KB)
Barrambie PFS Presentation (PDF 2,499.8 KB)
They analyse the cost vs returns of mining and processing the Titanium. There is already an offtake agreement with the major buyer so the questions remains as to how the operation will be financed. Interestingly the project speculates on a 45% IRR which doesn't include the Vanadium which is effectively mined as a side product.
Barrambie Titanium Project PFS and Ore Reserve Update
Highlights
• Neometals completes Class 4 Pre-Feasibility Study Update (“PFS Update”) for production of Direct Shipped Ore (“DSO”) and Mixed Gravity Concentrate (“MGC”) from Barrambie;
• PFS Update includes mining from titanium-rich Eastern bands at Barrambie with a staged capital efficient approach to development:
• Initial A$78.1m capital requirement for 1 year production of DSO with mining, crushing, and screening only;
• Followed by a further A$137.2m to construct a crush, mill, beneficiate (“CMB”) plant for a further 12 years of MGC production.
• Project NPV (pre-tax) of A$374.9m A and IRR of 45%;
• Average free cash (before tax, depreciation, and amortisation) of A$103.3M p.a. over the first 5 years; and
• Probable Ore Reserve update to 27.6 Mt at 22.3% TiO2, 43.7% Fe2O3 and 0.57% V2O5.
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the completion of an update to its Association for the Advancement of Cost Engineering (“AACE”) Class 4 (+/- 25%) PFS for the production of DSO and MGC from its 100% owned Barrambie Titanium Project (“Barrambie”)1. Following recent successful smelting trial results2 and announcement of an offtake term sheet with Jiuxing Titanium Materials (Liaonging) Co. Ltd (“Jiuxing”) (“Jiuxing Offtake Term Sheet”)3, the PFS Update has delivered compelling financial metrics allowing the project to move into a definitive feasibility study phase.
Barrambie - Updated PFS Results (PDF 3,175.4 KB)
Barrambie PFS Presentation (PDF 2,499.8 KB)
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I think as money gets tighter investors are being careful where they place it, NMT really needs to start producing something that makes money IMO, the announcements aren't cutting it in the current climate. 
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I agree. The announcements need to be about seeing a light at the end of the tunnel which isn't a train..I think as money gets tighter investors are being careful where they place it, NMT really needs to start producing something that makes money IMO, the announcements aren't cutting it in the current climate.
Came across this interview with Chris Reed on the development of the Barrambie project. Worth a squiz IMV.
I believe NMT is well aware of the need to bed down sufficient capital to develop their projects and stay solvent in the process.
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Yep as times tighten up and as the renewable euphoria fades, it is going to be more and more difficult to get easy punters money and also Govt money, the reality is it is going to be a costly and difficult journey and the market isnt going to suffer pizz takers lightly.
IDH
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Not so sure about that SP. The "renewable euphoria" isn't fading in any way. The economics of wind and solar energy and electric cars and batteries is now well established. It just makes more economic as well as environmental sense to go down that road. When significant numbers of very conservative members on ASF speak about their experience in this field the money is on the table.
The issues will be ones of cost effectiveness, delivery in the marketplace and not going broke before making a profit. Tesla for example took many years to turn the financial corner. But it is now powering on.
NMT seems to have outstanding and much needed technology. They have not been much of high promotion company preferring to let the technology speak for itself. Hopefully that is starting to happen.
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Re The Lithium Battery recycling project.
This is a cornerstone of NMT business. They believe it is essential to reprocess spent LiOn batteries becasue of the valuable materials it contains as well as the exceptionally dangerous consequences of just dumping these batteries in landfill. This view is also keenly shared by the EU who are passing legislation to demand LiOn batteries are safely recycled . It is this legislation that will create the market for one of NMTs business operations.
The issue of recycling spent LiOn batteries in Australia is not lost on our planners. I think we will see similar EU battery recycling legislation here sooner rather later.
Posted 6h ago6 hours ago
Materials from dead batteries can be processed for reuse.(ABC News: Emilia Terzon)
Help keep family & friends informed by sharing this article
Link copied
As Australia passes the milestone of 100,000 electric vehicles on our roads, an environmental downside to reducing carbon emissions is looming sooner than many would expect: huge numbers of batteries that could end up in landfill.
Research from the University of Technology Sydney (UTS) suggests 30,000 tonnes of EV batteries will reach their end-of-life in Australia by as soon as 2030. This is forecast to blow out to 360,000 tonnes by 2040, and 1.6 million tonnes by 2050.
Experts are warning of a "huge waste stream" that poses a triple threat: fire risks in landfill, environmental impacts, and health hazards caused if toxic chemicals leech into land and waterways.
"We need to take action now," said Libby Chaplin, CEO of the Battery Stewardship Council (BSC), the government-backed body set up to plan for battery waste in Australia.
www.abc.net.au
This is a cornerstone of NMT business. They believe it is essential to reprocess spent LiOn batteries becasue of the valuable materials it contains as well as the exceptionally dangerous consequences of just dumping these batteries in landfill. This view is also keenly shared by the EU who are passing legislation to demand LiOn batteries are safely recycled . It is this legislation that will create the market for one of NMTs business operations.
The issue of recycling spent LiOn batteries in Australia is not lost on our planners. I think we will see similar EU battery recycling legislation here sooner rather later.
EV batteries pose big risks — and new figures reveal how much hazardous waste they could create
By the Specialist Reporting Team's Emilia TerzonPosted 6h ago6 hours ago
Materials from dead batteries can be processed for reuse.(ABC News: Emilia Terzon)
Help keep family & friends informed by sharing this article
Link copied
As Australia passes the milestone of 100,000 electric vehicles on our roads, an environmental downside to reducing carbon emissions is looming sooner than many would expect: huge numbers of batteries that could end up in landfill.
Key points:
- Australia will need to deal with an estimated 30,000 tonnes of old EV batteries by 2030
- Experts warn the large volume of e-waste could pose health, environmental and fire threats
- The national body set up to deal with battery waste says the industry needs to take urgent action
Research from the University of Technology Sydney (UTS) suggests 30,000 tonnes of EV batteries will reach their end-of-life in Australia by as soon as 2030. This is forecast to blow out to 360,000 tonnes by 2040, and 1.6 million tonnes by 2050.
Experts are warning of a "huge waste stream" that poses a triple threat: fire risks in landfill, environmental impacts, and health hazards caused if toxic chemicals leech into land and waterways.
"We need to take action now," said Libby Chaplin, CEO of the Battery Stewardship Council (BSC), the government-backed body set up to plan for battery waste in Australia.
The triple-threat posed by lithium batteries means electric vehicles risk a major downside
As Australia passes the milestone of 100,000 electric vehicles on our roads, an environmental downside is looming: huge numbers of batteries that could end up in landfill.
www.abc.net.au
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NMT just release an update on the progress of their Primobius battery recycling venture. The full report notes the impact of the EU battery recycling legislation. Very encouraging.
The market has given the SP a decent kick (albeit off a very low base)
Primobius Update
Highlights
• Demonstration plant trialling of process improvements to the hydrometallurgical refining flowsheet have yielded outstanding results with nickel, cobalt and copper recoveries of >95%, new lithium process recoveries pending, previous process recovery >83%;
• Latest test work results will be incorporated into the hydrometallurgical refinery (“Hub”) Engineering Cost Study for a proposed 50tpd commercial-scale integrated recycling plant which is expected to be completed and announced in July 2023; and
• Front-End-Engineering (FEED) and mechanical package supply contracts for 10tpd Mercedes Benz Spoke* are in concluding stages. Mercedes Benz hub activities are substantially advanced.
Primobius Technical and Commercial Update (PDF 392.5 KB)
The market has given the SP a decent kick (albeit off a very low base)
Primobius Update
Highlights
• Demonstration plant trialling of process improvements to the hydrometallurgical refining flowsheet have yielded outstanding results with nickel, cobalt and copper recoveries of >95%, new lithium process recoveries pending, previous process recovery >83%;
• Latest test work results will be incorporated into the hydrometallurgical refinery (“Hub”) Engineering Cost Study for a proposed 50tpd commercial-scale integrated recycling plant which is expected to be completed and announced in July 2023; and
• Front-End-Engineering (FEED) and mechanical package supply contracts for 10tpd Mercedes Benz Spoke* are in concluding stages. Mercedes Benz hub activities are substantially advanced.
Primobius Technical and Commercial Update (PDF 392.5 KB)
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Noticed something interesting on NMT share volume.
There were 15.5m plus shares traded yesterday in a falling market. This compared to "normal" trading days with <1 - 2.2m shares traded.
Suggests that the 50c barrier was the trigger for millions of shares to be sold and/or some big investors decided to bailout.
There were 15.5m plus shares traded yesterday in a falling market. This compared to "normal" trading days with <1 - 2.2m shares traded.
Suggests that the 50c barrier was the trigger for millions of shares to be sold and/or some big investors decided to bailout.
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I believe there will be some investment announcements in July. So maybe, maybe there will be sufficient good news to turn the corner on this hopeful.
(I need some sort of rationale for tipping this beast..)
(I need some sort of rationale for tipping this beast..)
Knobby22
Mmmmmm 2nd breakfast
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I do believe in this company. Trouble is that it is a long term company but it won't take much to get rerated.I believe there will be some investment announcements in July. So maybe, maybe there will be sufficient good news to turn the corner on this hopeful.
(I need some sort of rationale for tipping this beast..)
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There have been two significant announcements by NMT on their European Vanadium Recovery project. This project with process steel slag to recover the valuable Vanadium still contained .
The critical announcement is a binding off take agreement for all the produced Vanadium at what will be current market prices from 2026.
Vanadium Recovery Project Update June 30th
Highlights:
• JV Shareholders to the Neometals vanadium recovery project have extended the project Financial
Investment Decision (“FID”) deadline until 30th September 2023;
• Project level equity finance attracting good interest from Nordic and International investors; and
• Due diligence by debt financing club, led by European Investment Bank, also progressing
favourably.
Vanadium Recovery Project Offtake Executed with Glencore July 12th
Highlights:
• Agreement for the guaranteed offtake for 100% of vanadium products produced by Vanadium Recovery Project (“VRP1”) secured with leading commodities producer and marketer, Glencore International AG (“Glencore”);
• Demonstrates the market demand for high-purity, carbon-neutral vanadium pentoxide (“V2O5”) produced in the European Union (“EU”) from EU raw materials; and
• Glencore will provide technical expertise to the project given its deep vanadium operating experience at the Rhovan Mine in South Africa.
The critical announcement is a binding off take agreement for all the produced Vanadium at what will be current market prices from 2026.
Vanadium Recovery Project Update June 30th
Highlights:
• JV Shareholders to the Neometals vanadium recovery project have extended the project Financial
Investment Decision (“FID”) deadline until 30th September 2023;
• Project level equity finance attracting good interest from Nordic and International investors; and
• Due diligence by debt financing club, led by European Investment Bank, also progressing
favourably.
Vanadium Recovery Project Offtake Executed with Glencore July 12th
Highlights:
• Agreement for the guaranteed offtake for 100% of vanadium products produced by Vanadium Recovery Project (“VRP1”) secured with leading commodities producer and marketer, Glencore International AG (“Glencore”);
• Demonstrates the market demand for high-purity, carbon-neutral vanadium pentoxide (“V2O5”) produced in the European Union (“EU”) from EU raw materials; and
• Glencore will provide technical expertise to the project given its deep vanadium operating experience at the Rhovan Mine in South Africa.
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