NMTNeometals
About Neometals
Neometals (ASX:NMT) is a sustainable battery materials producer. The company is developing a range of technologies to commercialise the production of battery materials from recycled feedstocks and sustainably sourced minerals. Neometals is developing a lithium-ion battery recycling plant in Germany in partnership with Mercedes Benz. It’s developing a vanadium recovery plant in Finland. The company is also developing a lithium chemicals plant in Kwinana, Western Australia.
What is NMT known for?
Snapshot
Public AU
Ownership
2001
Year founded
51
Employees
Perth, Australia
Head office
1 of 417
AU Rank
Unknown
Sector
N/A
Sector rank
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Operations
All Locations
Perth, AU
Products and/or services of Neometals
- Lithium-ion Battery Recycling: Neometals has a 50% stake in Primobius, a joint venture with SMS group, a leading global plant builder. Primobius operates a commercial disposal service for lithium-ion batteries at its 10 tonnes per day (tpd) shredding plant in Germany and is the recycling technology partner to Mercedes-Benz. Primobius is expected to reach an investment decision for its first 50tpd operation in Canada in partnership with Stelco in Q4 2023.
- Vanadium Recovery: Neometals has a 72.5% stake in a joint venture with Critical Metals to produce high-purity vanadium pentoxide from steelmaking by-product slag. The joint venture is targeting a 300,000tpa operation in Pori, Finland, underpinned by a 10-year slag supply agreement with leading Scandinavian steelmaker SSAB. The Finnish project investment decision is expected in Q2 2023. Neometals has also signed a Memorandum of Understanding with H2Green Steel for up to 4Mt of slag, underpinning a potential second operation in Boden, Sweden.
- Lithium Chemicals: Neometals is earning a 35% stake in RAM, a company that owns the patented ELi™ electrolysis process for producing battery-quality lithium hydroxide from brine and/or hard-rock feedstocks. Neometals is co-funding pilot plant and evaluation studies for a 25,000tpa operation in Estarreja, Portugal, with Portugal's largest chemical producer, Bondalti Chemicals S.A.
- Barrambie Titanium and Vanadium Project (100% equity): One of the world's highest-grade hard-rock titanium-vanadium deposits, Barrambie is finalizing a take-or-pay titanium feedstock offtake contract with China's largest chloride-grade titanium slag producer, supporting a long-life concentrate export operation.
Neometals executive team
- Mr. Christopher John Reed ASA, GrdCerMinEcon, MAusIMMMD, CEO & Executive Director
- Mr. Christopher KelsallChief Financial Officer
- Mr. Darren Paul Townsend EMBAChief Operating Officer
- Mr. Giuliano GiordaniJoint Company Secretary & Chief Accounting Officer
- Mr. Jurgen GnoinskiChief Technical Officer
- Mr. Mark BoyneJoint Company Secretary & General Counsel