Neometals Ltd. (RRSSF)
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Neometals shares tank after announcing AIM delisting plans
Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT)'s share price plummeted 22% on Friday after the ‘sustainable process technology developer' announced its intention to delist from the AIM junior market. Following the cancellation scheduled for 3 February 2025, Neometals' shares will remain active on the Australian Securities Exchange (ASX).
Neometals preparing to launch fundraiser
Anglo-Aussie group Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT) has temporarily halted trading of its shares on the ASX to allow the company to conduct a capital raising. The funds will be used to support its lithium-ion battery recycling project, advance research and development in lithium and vanadium recovery, further its Barrambie gold and titanium projects, and cover general corporate costs.
Neometals regroups around Primobius joint venture
Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT) rose 5% as it unveiled a strategy update that will see it regroup around Primobius, its LiB Recycling joint venture with SMS group. Non-core assets will be sold and partners sought to help develop the group's other technologies.
Neometals gets US$3m cash injection from major shareholder
Aussie-based explorer Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT) has raised US$3 million (£2.3m A$4.5m) through a subscription from major shareholder William Richmond at US4.5 cents each. Funds will support the flagship Lithium-ion Battery (LiB) Recycling business through the industrial validation stage.
