Interview with Jeremy Mcmanus, General Manager of Commercial and Investor Relations for Neometals (ASX:NMT)

Mining Intelligence is phrase we like. Mining Derivatives is another. Why? Because there are some companies that can give you exposure to mining investment but without the risks and a lot of upside.

Take a look at NeoMetals. They made their money with Lithium mining project, Mt Marion in Australia, and timed their exit beautifully. They pocketed c.AUD$140M, not only that they have returned c. AUD$45M to shareholders. And they have retained an option on the Lithium spodumene. A smart piece of negotiations. And that typifies their approach to business.

Neometals has three projects, the most exciting of which is their battery recycling business. So while a lot of companies are telling us how the EV revolution because of what they will be putting in to batteries, NeoMetals is telling us what they are going to take out of batteries through their recovery process for spent or dead batteries.

McManus views Neometals as a "project development business." Neometals has a variety of assets with differing commodities, but the battery thematic is the key driver. There are 3 core projects with Neometals' focus: the Barrambie Titanium Vanadium Iron Project in Western Australia, a Lithium Refinery Project and of course it most advanced project, the battery recycling business

Neometals Ltd has a market cap of AU$111M. It started the year with a share price of AUD$0.24, reached a peak of AUD$0.26 in May, fell to a low in September of S0.17, before re-stabilising at today's price of $0.20AUD.

Having identified the growing demand to recycle lithium batteries as a focal point, the company is working towards commercialisation of its proprietary process for recovering cobalt, nickel, lithium and other valuable materials from spent lithium batteries. Neometals' pilot process has generated a high purity (+99%) cobalt sulphate product at a high recovery rate (+98%).

Neometals' management has created an ecosystem of experts in their field with the ability to solve complex problems currently related to lithium, titanium and vanadium.

Neometals hydro-metallurgical recycling method is unique. And with strategic partnerships, supply lines and MOU's already in the bag, the ecosystem seems to be close to delivering on its ability to move the pilot in to commercial reality at scale in Europe. We follow this story with great interest.

What did you make of Jeremy Mcmanus? Is Neometals the answer to our waste-related problems? Are they a better bet than a conventional junior mining company?

Company page: https://www.neometals.com.au/

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