Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. With a focus on the energy storage megatrend, the strategy revolves around de-risking and developing long life projects with strong partners and integrating down the value chain to increase margins and return value to shareholders.

Neometals has 4 core projects with unparalleled exposure to commodities most positively impacted by the current EV and energy storage megatrend. 

Neometals has a Lithium battery recycling project, and are building a demo plant in Germany. They also have a high grade Vanadium slag project in Scandinavia plus a number of other residual mining assets in Australia.

The Lithium Recycling project has recently updated it’s opex and capex cost estimate as the company has relocated the plant from Western Australia to Germany and the year long pilot plant has formed the basis of these cost estimates.

PFS numbers have just been announced for the Vanadium project in Scandinavia and they are a good set of numbers for a project producing zero carbon, high purity Vanadium inside the EU. It is a 10 year operation producing about 13.5Mlb/year of V2O5. The Vanadium project is moving forward quickly but robustly with the aim to reach DFS stage by June 2022.

Neometals’ core business in sustainability is sequestering carbon, recycling of finite materials and the reduction of hazardous materials heading to landfill. The 2 projects in Europe are projects which complement the mining business which continues to be important to provide the volume of materials required for worldwide EV and battery growth. Mining is always under the spotlight as people question how green extraction processes are but Neometals are the real deal with their green initiatives as the market needs to look at companies with solid ESG fundamentals.

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

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