17
January 2025
Neometals
Ltd
("Neometals" or "the
Company")
Cancellation of Performance
Rights
Sustainable process technology
developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or
"the Company") announces that 3,202,029 Performance Rights have
been cancelled owing to conditions not having been met or becoming
incapable of being satisfied. Included within this cancellation are
574,049 Performance Rights previously awarded to Chris Reed, Chief
Executive Officer.
The updated interests of Chris Reed
(following cancellation of 574,049 Performance Rights pursuant to
the PRP) in the share capital of the Company are as
follows:
|
PDMR
|
Vested performance
rights
|
Total performance
rights*
|
Total shares (direct and
indirect)
|
% of issued
capital
|
|
Chris Reed
|
Nil
|
3,795,999
|
11,877,003
|
1.5%
|
*Unvested PRP Performance Rights
which remain subject to vesting conditions.
As a result of the issue and
cancellation of the Performance Rights pursuant to the Company's
PRP, the Company has the following securities on issue:
· 769,425,084 fully paid ordinary shares.
· 11,286,322 performance rights issued pursuant to the terms of
the PRP remain unvested and are subject to
performance testing in accordance with their terms of
issue.
The above figure of 769,425,084
ordinary shares on issue may be used by shareholders as the
denominator for calculations when determining if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
- ENDS
-
For more information, please
contact:
|
Neometals Ltd
|
|
|
Chris Reed, Managing Director &
Chief Executive Officer
|
+61 8 9322 1182
|
|
Chris Kelsall, CFO & Company
Secretary
|
+61 8 9322 1182
|
|
Cavendish Capital Markets Ltd - NOMAD &
Broker
|
|
|
Neil McDonald
|
+44 (0)131 220 9771
|
|
Peter Lynch
|
+44 (0)131 220 9772
|
|
Adam Rae
|
+44 (0)131 220 9778
|
About Neometals
Neometals facilitates sustainable
critical material supply chains and reduces the environmental
burden of traditional mining in the global transition to a circular
economy.
The Company is commercialising a
portfolio of sustainable processing solutions that recycle and
recover critical materials from high-value waste
streams.
· Neometals' core focus is its patented, Lithium-ion Battery ("LiB")
Recycling technology (50% NMT), being commercialised
in a 50:50 incorporated JV (Primobius GmbH) with 150-year-old
German plant builder, SMS group GmbH. Primobius is supplying
Mercedes-Benz a 2,500tpa recycling plant and operates its own LiB
Disposal Service in Germany. Primobius' first 21,000tpa commercial
plant will be offered to Stelco under an existing technology
licence for North America.
Neometals is developing two advanced
battery materials technologies for commercialisation under
low-risk, low-capex technology licensing business
models:
· Lithium Chemicals (70%
NMT) - Patented ELi™ electrolysis
process, co-owned 30% by Mineral Resources Ltd, to produce battery
quality lithium hydroxide from brine and/or hard-rock feedstocks at
lowest quartile operating costs. Successfully completed pilot scale
test work and planning further development with industrialisation
partners under a technology licensing business model;
and
· Vanadium
Recovery (100%
NMT) - Patent pending
hydrometallurgical process to produce high-purity vanadium
pentoxide from steelmaking by-product (Slag) at lowest-quartile
operating cost and carbon footprint. Planning to exploit under a
technology licensing business model. Project financing process for
first commercial plant in progress.
For further information, visit: www.neometals.com.au.