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).
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 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.
Waste Management Industry | Industrials Sector | Mr. Christopher John Reed ASA, GrdCerMinEcon, MAusIMM CEO | OTC PINK Exchange | - ISIN |
Australia Country | - Employees | - Last Dividend | 21 Mar 2016 Last Split | - IPO Date |
Neometals Ltd is an innovative company specializing in the exploration of mineral projects within Australia. Founded in 2001 and headquartered in West Perth, Australia, it operates through three key segments: Lithium, Titanium/Vanadium, and Others. Neometals is committed to developing sustainable and efficient mineral extraction and processing technologies, focusing on materials critical for the renewable energy sector. The company's diverse portfolio includes projects aimed at lithium-ion battery recycling, vanadium recovery, lithium refining, and the extraction of titanium and vanadium, highlighting its pivotal role in contributing to the green energy transition.