Anuncio • May 15
Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.13661 million. Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 5.13661 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,415,257
Price\Range: AUD 0.04
Transaction Features: Rights Offering Anuncio • Apr 21
Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 7.9 million. Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 7.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,875,000
Price\Range: AUD 0.04
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,625,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Anuncio • Apr 20
Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.13661 million. Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 5.13661 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,415,257
Price\Range: AUD 0.04
Transaction Features: Rights Offering Anuncio • Oct 21
Neometals Ltd Announces Board Changes Neometals Ltd. announced the appointment of Gregory Evans to the Neometals Board (Board) as an Independent Non-Executive Director effective from 21 October 2025, subject to regulatory requirements. Mr. Evans has been appointed by the Board to fill a casual vacancy in accordance with the Company's Constitution and will formally stand for re-election at the upcoming 2025 Annual General Meeting (AGM). Mr. Evans is a senior executive and company director with over 25 years' experience in the energy, resources, and finance sectors. He is currently Non-Executive Chair of Yandal Resources Ltd. and an Independent Non-Executive Director of Macmahon Holdings Ltd. Previously a Corporate Finance Partner at KPMG Australia, Mr. Evans advised on corporate transactions and project financing, primarily in the resources industry. He holds a Bachelor of Commerce from Curtin University, a Diploma in Applied Finance, and is a Graduate of the Australian Institute of Company Directors (GAICD). In conjunction with this appointment and as part of the board's succession planning initiative, Neometals advises that Non-Executive Directors Douglas Ritchie and Dr Jennifer Purdie have indicated their intention to retire from office at the conclusion of the 2025 AGM. Doug was appointed on 14 April 2016, and Jenny on 27 September 2018. Both have provided significant strategic direction and strong governance oversight as Neometals has sought to advance its portfolio of sustainable processing technologies and exploration projects. Anuncio • Sep 30
Neometals Ltd, Annual General Meeting, Nov 27, 2025 Neometals Ltd, Annual General Meeting, Nov 27, 2025. Anuncio • Aug 08
SMS group GmbH entered into a binding term sheet to acquire remaining 50% stake in Primobius GmbH from Neometals Ltd (ASX:NMT) for €12 million. SMS group GmbH entered into a binding term sheet to acquire remaining 50% stake in Primobius GmbH from Neometals Ltd (ASX:NMT) for €12 million on August 7, 2025. A cash consideration of €5 million will be paid by SMS group GmbH. SMS group GmbH will pay an earnout/contingent payment of €7 million cash and will represent Neometals’ ongoing interest in that business will be in the form of the commercial compensation fee. The €7 million cash representing 2% of Primobius’ annual revenues determined for each fiscal year from July 1, 2025 to June 30, 2037. As part of consideration, €12 million is paid towards common equity of Primobius GmbH. Upon completion, SMS group GmbH will own 100% stake in Primobius GmbH and the Lithium-ion Battery (“LiB”) Recycling technology. In accordance with the binding term sheet, Neometals and SMS will use all reasonable endeavours to execute formal agreements by August 31, 2025 to give effect to the proposed transaction.
The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. The parties will work towards satisfying the conditions precedent to the transaction during Q3 2025. Anuncio • Apr 11
Neometals Ltd Provides Update Regarding Its Evolving Strategic Direction and Recent Activity Relating to Gold Exploration and Development Neometals Ltd. provided the following update regarding its evolving strategic direction and recent activity relating to gold exploration and development. Strategic Context. Neometals has built a strong reputation in sustainable battery materials, particularly through its lithium-ion battery recycling and refining, and vanadium recovery projects. The Company remains committed to the commercialisation of its sustainable processing solutions for critical materials, primarily through licensing business models. Except as required by law, and only to the extent so required, directors, agents and employees of Neometals shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatever nature arising in any way out of, or in connection with, the information contained in this announcement. Anuncio • Dec 23
Neometals Announces the Proposed Cancellation of the Admission of its Ordinary Shares to Trading on AIM in Accordance with Rule 41 of the Aim Rules for Companies Neometals Ltd. announced the proposed cancellation of the admission of its Ordinary Shares ("shares") to trading on AIM (the "Cancellation" or "Delisting") in accordance with Rule 41 of the AIM Rules for Companies ("AIM Rules"). It is expected that Cancellation will occur on 3 February 2025. Following the Cancellation, the Company's shares will remain listed on the Australian Securities Exchange ("ASX"), which will continue as the primary trading venue for its equity securities. The Company is providing an opportunity for each Depositary Interest ("DI") holder to become a registered shareholder on the Australian share register. Reasons for the AIM Delisting: Following an extensive review, the Board has concluded that the Company's admission to trading on AIM is not delivering sufficient value for Shareholders. In reaching this conclusion, the Directors have considered the following key factors: The challenging conditions which have impacted the UK market since its admission to trading on AIM in 2022, which have made it challenging to raise capital in the UK. The low levels of liquidity and trading volumes in Neometals' shares on AIM, with shares represented by DIs accounting for less than 1% of Neometals' issued share capital. The cost of maintaining admission to trading on AIM, including professional fees, listing fees payable and incremental legal, auditing and insurance fees. The considerable amount of management time and regulatory burden associated with maintaining the Company's admission to trading on AIM, in addition to the ASX listing. It is the opinion of the Board that streamlining the Company share listings will not materially nor adversely impact existing Shareholders as they will still be able to trade on the ASX. Process for Cancellation: Rule 41 of the AIM Rules requires any AIM company that wishes the London Stock Exchange to cancel the admission of its shares to trading on AIM to notify shareholders and to separately inform the London Stock Exchange of its preferred cancellation date at least 20 clear business days prior to such date. Accordingly, the Company through its nominated adviser, Cavendish Capital Markets Ltd, has notified the London Stock Exchange of the Company's intention to cancel the Company's admission of the shares to trading on AIM and it is expected that the Cancellation will become effective at 7.00 a.m. on 3 February 2025. On the basis that the Company's shares will continue to be listed on ASX, which is an AIM Designated Market (as defined by the AIM Rules for Companies), the Company is not required to seek Shareholder approval for the Cancellation. Expected last day of dealings in the Ordinary Shares on AIM - 31 January 2025. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (AU$72.3m market cap, or US$47.3m). Anuncio • Nov 12
Neometals Ltd Announces Positive Results from Eli Pilot Trial Neometals Ltd. announced the results of the final electrolysis and crystallisation stages of the ELi™ Process Pilot trial. ELi™ is owned by Reed Advanced Materials Pty Ltd. ("RAM"), a 70:30 incorporated joint venture between Neometals Ltd. and Mineral Resources Ltd. Highlights: ELiTM has achieved the objectives of the pilot stage of its electrolysis technology readiness; The crystallisation trial produced high purity lithium hydroxide monohydrate crystals and will produce further samples for market evaluation; The electrolysis trial data supports the expected power consumption and membrane life assumptions, and hydrodynamic testing confirmed the equipment can be applied to commercial-scale operation; The final stages of the Pilot trial involved a 1,000-hour electrolysis test of a lithium chloride solution (South American brine source), purified with ELi™ technology and crystallisation of the lithium hydroxide product; The ELi™ Process potentially delivers users a step-change reduction in operating costs to convert lithium chloride brines to lithium hydroxide (or carbonate) with electrolysis, virtually eliminating bulk reagents. The technology uses electricity to convert lithium chloride solutions into lithium hydroxide in a conventional chlor-alkali cell, replacing the need for large volumes of bulk chemical reagents required in the industry-standard, chemical precipitation process. ELi™ has the potential to deliver users a step-change in operating costs[1] versus industry standard chemical precipitation. RAM completed a long-duration 1,000-hour electrolysis membrane durability test utilising a lithium chloride solution produced in the successful 2023 'purification' trial on brine sourced from South America[2]. The Trial tested the performance of the electrolysis cell membrane over a duration five times longer than historic tests and the results support current estimates of two major variable operating costs (power consumption and membrane life) and successfully produced lithium hydroxide monohydrate ("LHM") of very high purity. Recent Insider Transactions • Oct 21
MD, CEO & Executive Director recently bought AU$95k worth of stock On the 16th of October, Christopher Reed bought around 1m shares on-market at roughly AU$0.095 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christopher has been a buyer over the last 12 months, purchasing a net total of AU$153k worth in shares. Breakeven Date Change • Sep 27
Forecast breakeven date moved forward to 2025 The 2 analysts covering Neometals previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of AU$1.05m in 2025. Earnings growth of 147% is required to achieve expected profit on schedule. Anuncio • Sep 20
Neometals Ltd, Annual General Meeting, Nov 22, 2024 Neometals Ltd, Annual General Meeting, Nov 22, 2024. New Risk • Aug 20
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$43m Forecast net loss in 2 years: AU$1.5m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.5m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$49.9m market cap, or US$33.5m). Anuncio • Aug 19
Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 4.533333 million. Neometals Ltd has completed a Follow-on Equity Offering in the amount of AUD 4.533333 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,666,666
Price\Range: AUD 0.068
Transaction Features: Subsequent Direct Listing New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$44.9m market cap, or US$29.8m). Anuncio • Jul 11
Neometals Ltd Announces Appointment of Chris Kelsall as Company Secretary Neometals Ltd. advised that the recently appointed Chief Financial Officer, Chris Kelsall (see ASX announcement dated 3 June 2024), has also been appointed Company Secretary to replace the departing Jason Carone. Anuncio • Jun 27
Neometals Ltd Announces Resignation of Natalia Streltsova as Non-Executive Director, Effective 30 June 2024 Neometals Ltd. announced that Dr. Natalia Streltsova has resigned as a Non-Executive Director of the Company effective 30 June 2024. Recent Insider Transactions • Jun 11
MD, CEO & Executive Director recently bought AU$58k worth of stock On the 5th of June, Christopher Reed bought around 500k shares on-market at roughly AU$0.12 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (AU$678k sold). Market cap is less than US$100m (AU$68.5m market cap, or US$45.5m). New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$23m). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Significant insider selling over the past 3 months (AU$678k sold). Market cap is less than US$100m (AU$74.7m market cap, or US$49.7m). Anuncio • May 29
Neometals Ltd Strengthens Senior Management Team Neometals Ltd. advised of two new appointments to the Company's senior management team, both are highly experienced and bring new capability and leadership to the Company. Dr Jennifer Purdie, an existing non-executive director, has been appointed an executive director and will assume the responsibility of 'Chief Operating Officer'. Dr Purdie will support Neometals 3 days per week for an initial term of 6 months and focus on Primobius as it ramps up construction, commissioning and commercial activities. Dr Purdie, an MBA and PHD qualified chemical and materials engineer, has more than 30 years of global management and leadership experience spanning operational, business improvement and corporate roles in the mining, energy, heavy manufacturing, and infrastructure sectors. Dr Purdie has held key senior leadership positions with Adani Renewables, Rio Tinto, Alcoa and BHP with her last role seeing her managing BHP's Olympic Dam as Asset President. Dr Purdie's addition as a member of the Neometals executive team will provide much valued experience in project execution and delivery. Mr. Cathal Smith (LLB, LLM & MBA (AGSM)) has commenced as Company General Counsel. Mr. Smith has extensive local and international experience advising corporates on a wide range of projects and operations in both legal and commercial roles. He is highly proficient in providing strategic advice, effective problem solving and managing complex transactions to achieve successful outcomes. Recent Insider Transactions • Apr 19
Insider recently sold AU$162k worth of stock On the 12th of April, David Reed sold around 1m shares on-market at roughly AU$0.12 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$515k. Insiders have been net sellers, collectively disposing of AU$5.6m more than they bought in the last 12 months. Recent Insider Transactions • Mar 16
Insider recently sold AU$515k worth of stock On the 12th of March, David Reed sold around 2m shares on-market at roughly AU$0.26 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$5.5m more than they bought in the last 12 months. New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$118.3m market cap, or US$77.9m). Anuncio • Feb 13
Neometals Ltd Announces Spargos Exploration Update Neometals Ltd. announced that its review of the lithium exploration potential over its 100% owned Spargos Project ("Spargos") indicates a low potential for lithium-bearing pegmatites. Re-sampling and assaying of historical nickel exploration diamond drill core and assaying of recently collected rock chip and soil samples has returned no significant lithium assay results. Exploration results were as follows: 11 of 12 historic ESGB diamond drill cores were re-sampled with no significant lithium assay results returned; Upon review of the reprocessed imagery, assay results and whole rock geochemistry, Neometals has concluded that the ESGB has a low chance for Lithium-Caesium-Tantalum ("LCT") pegmatite prospectivity. Upon review of the reprocessing imagery, poor Li2O assay results and whole rock geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk samples - size & method of treatment; metall surgical test results; bulk samples - sizes and method of treatment; bulk samples- size and method of treatment; bulk sample samples - size and methods; bulk samples - size and methods; and bulk samples - size and methodof treatment; metallurgical test Results; bulk samples - size and procedure results; bulk samples - size of treatment; bulk samples - size and process results; bulk samples - size. A quantitative and qualitative logging suite was supplied to NMT at the acquisition of the tenement in 2021. Historical data (drill data prior to NMT) Historical chip sampling methods include single metre riffle split and 4m composites that were either scoop or spear sampled. Historical data (drill Data prior to NMT) All historical samples are assumed to have been prepared and assayed by industry standard techniques and methods. Historical data (drilldata prior to NMT) Data entry, verification and storage protocols remain unknown for historical operators. Location of data points - Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. MGA94_51 is the grid system used in this program. Historical data (drill information prior to NMT) Historical collars are recorded as being picked up by DGPS, GPS or unknown methods and utilised the MGA94 zone 51 coordinate system. Historic reports indicate the Spectrum Surveys Pty Ltd. in Kalgoorlie were utilised during the project history. Historical downhole surveys were completed by north seeking gyro, Eastman single shot and multi shot downhole camera. Historical data (drillData prior to NMT) Sample security measures are unknown. Other substantive exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk sample samples - size & method oftreatment; metallurgical test results. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (9.7% increase in shares outstanding). Significant insider selling over the past 3 months (AU$5.2m sold). Market cap is less than US$100m (AU$121.2m market cap, or US$80.3m). Anuncio • Nov 22
Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 13.141064 million. Neometals Ltd has filed a Follow-on Equity Offering in the amount of AUD 13.141064 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,163,493
Price\Range: AUD 0.19
Transaction Features: Rights Offering Anuncio • Nov 11
Neometals Limited Announces Successful Elitm Purification Pilot Trial NNeometals Ltd. announced successful completion of the purification phase ("Purification Testwork") of its Lithium Chemical pilot trial ("Pilot"). The Purification Testwork, conducted on a brine feed source, has confirmed earlier bench-scale testing by removing >97% of brine feed source impurities. This supports production of a purified brine solution that sits comfortably within specification for subsequent electrolysis stage of the Company's majority owned ELi™ process. Neometals' Lithium Chemical business unit is commercialising the ELi™ Technology owned by Reed Advanced Materials Pty Ltd. RAM is co-funding the Pilot with Bondalti group, Portugal's largest chlor-alkali chemical producer and held by José de Mello Group, one of Portugal's largest corporate groups. The ELi™ process comprises brine purification, followed by electrolysis where electricity is used to convert lithium chloride solutions into lithium hydroxide and/or lithium carbonate. The purification Pilot, undertaken by a third party laboratory, processed an actual South American salar brine concentrate. ELi™ has several advantages over conventional processes including lower operating expenditures by substituting electricity for chemical reagents, higher product purity and a smaller CO2 footprint. The Purification Testwork successfully removed impurities that can impede electrolysis efficiency (consumption). Higher and stable electrical current efficiency in turn extends electrolysis membrane durability (useful life), reducing maintenance time and cost and increasing the end-product grade. Anuncio • Nov 10
Neometals Ltd Announces Production of Battery-Grade Nickel Sulphate by Its Lib Recycling Incorporation Joint Venture, Primobius Gmbh Neometals Ltd. announced the successful production of battery-grade nickel sulphate by its LIB recycling incorporated joint venture, Primobius GmbH ("Primobius"). Primobius is the 50:50 incorporated joint venture established by Neometals and SMS group to co-fund commercialisation of the patented LIB recycling technology ("LIB Recycling Technology"), originally developed by Neometals. The LIB Recycling Technology is based on a two-stage process to recover lithium, nickel and cobalt (amongst others) before refining into battery materials that can be reused to produce new LIB's. Nickel is the largest volume battery material produced in the Primobius process, the second most valuable product and major contributor to ensuring the lithium co-product operating costs are in the lowest quartile. Product test-work LIB's from the German EV auto industry were processed at Primobius' Hilchenbach recycling facility in Germany. Discharged and disassembled LIB modules were processed in the shredding 'Spoke' generating an intermediate product ("Black Mass") which was then refined in the demonstration-scale hydrometallurgical refining 'Hub' to recover the cathode materials into high-purity solutions via solvent extraction and precipitation. The Black Mass is a mixture of the graphite anode and cathode active materials including lithium, nickel and cobalt. The polished Hub nickel solution (feed) was evaporated (mother liquor) and crystallised off-site with a leading European equipment vendor. The nickel sulphate crystals were then washed and assayed by an independent third-party laboratory. The results confirmed the ability of the LIB Recycling Technology to produce battery-grade nickel sulphate and validated the battery-grade product previously produced by Neometals in its 2019 pilot trials in Canada. Primobius' production at scale of battery-grade nickel sulphates follows recent positive lithium recovery results and leaves cobalt sulphate as the final key product to be tested. Cobalt solutions have been dispatched and the test work is expected to be completed in the current quarter. The nickel sulphate results support the marketability of the scaleable Primobius plant packages to be built by partner, and leading plant builder, SMS group GmbH and supplied under technology Licensing agreements. Customers will be able to responsibly recycle their own LiB's, satisfying their regulatory and/or supply chain requirements, producing critical battery materials at potentially the lowest quartile operating cost and doing so with an industry leading carbon footprint. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$27m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (AU$5.2m sold). Market cap is less than US$100m (AU$127.3m market cap, or US$81.1m). New Risk • Oct 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$149.4m (US$95.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$27m free cash flow). Revenue is less than US$1m. Minor Risks Significant insider selling over the past 3 months (AU$5.2m sold). Market cap is less than US$100m (AU$149.4m market cap, or US$95.0m). New Risk • Oct 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$27m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$27m free cash flow). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (AU$5.2m sold). New Risk • Sep 30
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$27m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$27m). Significant insider selling over the past 3 months (AU$5.2m sold). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Significant insider selling over the past 3 months (AU$5.2m sold). New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 4.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (AU$5.2m sold). Recent Insider Transactions • Sep 16
Insider recently sold AU$5.2m worth of stock On the 12th of September, David Reed sold around 4m shares on-market at roughly AU$1.29 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$5.1m more than they bought in the last 12 months. Anuncio • Sep 14
Neometals Ltd, Annual General Meeting, Nov 24, 2023 Neometals Ltd, Annual General Meeting, Nov 24, 2023, at 15:00 W. Australia Standard Time. Location: Parmelia Hilton Perth 14 Mill Street, Perth, Western Australia Perth Australia New Risk • Sep 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$21m Forecast net loss in 2 years: AU$12m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Anuncio • Jun 30
Neometals Ltd Announces Vanadium Recovery Project Update Neometals Ltd. announced that the Vanadium Recovery Project (" VRP1") special purpose vehicle, Recycling Industries Scandinavia AB ("RISAB"), is making strong progress in the lead up to its VRP1 FID. Neometals has a 72.5% interest in VRP1 with Critical Metals Ltd. VRP1 is at the financing stage ahead of a decision to construct and produce high-purity vanadium pentoxide ("V2 O5") from high-grade vanadium-bearing steel making by-product ("Slag") generated by SSAB EMEA AB and SSAB Europe Oy (collectively "SSAB") in Scandinavia. RISAB has engaged leading Nordic investment banks, SEB and Aventum Partners, to lead VRP1 financing processes. Project financing activities are progressing well with due diligence led by the European Investment Bank and a preferred banking club. Project level equity finance is attracting good interest from Nordic and International investors. To allow for additional due diligence evaluation work and negotiations with potential financiers, RISAB, Neometals and Critical Metals have extended the FID deadline under the RISAB shareholders deadline to 30 September 2023. SSAB is supportive of the progress that RISAB has made and the parties are in advanced discussions to formalise a corresponding extension to the investment decision deadline under the SSAB slag supply agreement to align with project financing timelines. Recent Insider Transactions • Jun 07
Independent Non-Executive Director recently bought AU$176k worth of stock On the 5th of June, Jennifer Purdie bought around 284k shares on-market at roughly AU$0.62 per share. This transaction increased Jennifer's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$359k more in shares than they have sold in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Jenny Purdie was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 11
Company Secretary & CFO recently sold AU$173k worth of stock On the 9th of November, Jason Carone sold around 163k shares on-market at roughly AU$1.06 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jason has been a net seller over the last 12 months, reducing personal holdings by AU$122k. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 15% share price gain to AU$1.51, the stock trades at a trailing P/E ratio of 47.8x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 860% over the past three years. Recent Insider Transactions • Jun 18
MD, CEO & Director recently bought AU$100k worth of stock On the 14th of June, Christopher Reed bought around 100k shares on-market at roughly AU$1.00 per share. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to AU$1.06, the stock trades at a trailing P/E ratio of 33.1x. Average forward P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 448% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Jenny Purdie was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 18% share price gain to AU$1.93, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 964% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 25% share price gain to AU$1.49, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 14x in the Metals and Mining industry in Australia. Total returns to shareholders of 653% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 21% share price decline to AU$1.31, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 15x in the Metals and Mining industry in Australia. Total returns to shareholders of 636% over the past three years. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 28% share price gain to AU$1.43, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 16x in the Metals and Mining industry in Australia. Total returns to shareholders of 655% over the past three years. Executive Departure • Dec 02
Deputy Chairman David Reed has left the company On the 30th of November, David Reed's tenure as Deputy Chairman ended. As of September 2021, David still personally held 37.59m shares (AU$32m worth at the time). David is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.00 years. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Jenny Purdie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.03, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 15x in the Metals and Mining industry in Australia. Total returns to shareholders of 389% over the past three years. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Jenny Purdie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Aug 28
Deputy Chairman recently sold AU$1.5m worth of stock On the 25th of August, David Reed sold around 2m shares on-market at roughly AU$0.75 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Anuncio • Jul 01
Neometals Ltd Announces an Updated Inferred Mineral Resource Estimate for the Mt Edwards 26 North Deposit Neometals Ltd. announced an updated Inferred Mineral Resource estimate for the Mt Edwards 26 North deposit. The Mt Edwards 26N Mineral Resource was re-estimated by Richard Maddocks from Auralia Mining Consultants and reviewed by Snowden Mining Industry Consultants. The update at Mt Edwards 26N brings the global Mt Edwards Project Mineral Resources to 10.215 million tonnes at 1.6% nickel for 162,510 tonnes of contained nickel. Mt Edwards 26N, often simply referred to as Mt Edwards, was mined for nickel sulphide between 1981 and 1994. Production records show 951,568 tonnes at 2.69% nickel grade for 25,632 tonnes of contained nickel were mined, initially by way of a shaft which remains in place today, and then through a box cut, portal and decline. The Mt Edwards 26N deposit is located on mining lease M15/102 and M15/103, approximately 5km northwest of the Widgiemooltha Roadhouse (55km from Kambalda). Access from the Coolgardie to Esperance Highway is via well-established roads used for previous mining and exploration in the area. Geological knowledge has been sought by review of records from previous underground mining, including mapping and production figures, and reconciliation reports. More typical methods of analysis for Mineral Resource estimation such as interpretation of drill sample assays and logging combined with interpretations of surface and down-hole geophysical surveys were also used. The Mt Edwards 26N Mineral Resource is located 800 metres north of the 14N Inco Boundary Nickel Prospect, along geological strike, with the zone at depth between these areas remaining for the most part untested by drilling and sampling. The Mt Edwards 26N Mineral Resource was estimated by Richard Maddocks from Auralia Mining Consultants. The Mineral Resource estimate for the Mt Edwards 26N Deposit of 871,000 tonnes at 1.4% nickel for 12,400 nickel tonnes is reported in accordance with the 2012 Edition of the `Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' prepared by the Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC Code) and follows a detailed interrogation and review of the available data, including the earlier reported Mineral Resource estimates by the previous holders of the tenement. Anuncio • Jun 30
Neometals Ltd Announces an Updated Mineral Resource Neometals Ltd. announced an updated Mineral Resource estimate for the Widgie Townsite Deposit ("Widgie Townsite"). The reinterpreted Mineral Resource estimate for Widgie Townsite has been limited to fresh rock which has meant a small reduction in the Mineral Resource size. Further metallurgical test-work is required to assess the nickel hosted in transitional and oxide material above the nickel sulphide zones. While already a sizeable deposit, Widgie Townsite has potential for Mineral Resource extension along strike to the south-east, with current estimate 2.476 Million tonnes at a grade of 1.6% Ni for 39,300 tonnes of contained nickel. Anuncio • Jun 10
Neometals Ltd Announces Vanadium Recovery Project Neometals Ltd. announced continuous pilot trial ("Pilot") on the Company's Vanadium Recovery Project ("VRP"). The Pilot campaign will process approximately 13 tonnes of vanadium-bearing steel by-product ("Slag") over a total of 22 days from 3 Scandinavian sites at 25kg/hr. Successful completion of the Pilot will confirm the technical feasibility of Neometals' proprietary process at scale and data for an AACE Class 3 feasibility study ("Feasibility Study"), it will also provide vanadium pentoxide ("V2O5") samples for evaluation by potential off- takers. Anuncio • May 04
Neometals Ltd Announce the Completion of an Association for the Advancement of Cost Engineering Class 4 Preliminary-Feasibility Study Neometals Ltd. announced the completion of an Association for the Advancement of Cost Engineering Class 4 Preliminary-Feasibility Study on the recovery of high-purity vanadium pentoxide from high-grade vanadium-bearing steel by-product. The PFS was completed with assistance from leading consulting engineers Hatch Pty Ltd. As announced on the 6th April 2020, Neometals has the right, subject to funding certain evaluation studies, to enter into a 50:50 incorporated joint venture ("JV") to develop a vanadium recovery project with unlisted Scandinavian mineral development company, Critical Metals Ltd. ("Critical") ("Vanadium Recovery Project"). The parties are jointly evaluating the feasibility of constructing a facility to process and recover high-grade vanadium chemicals from vanadium-bearing steel making by-product generated by SSAB EMEA AB and SSAB Europe Oy (collectively "SSAB") in Scandinavia. Neometals is Critical's large shareholder, holding approximately 19.8% of its issued capital. Neometals is extremely encouraged by the outcomes of the PFS which highlights robust economic margins with a first quartile NEOMETALS STRENGTHENS BOARD AHEAD OF DEMERGER position on the operating cost curve. The PFS supports Neometals' strategy to pivot towards more sustainable materials recovery and recycling projects to complement its upstream mineral projects. Given the positive results from the PFS, Neometals is funding the next stage of evaluation studies, comprising completion of a pilot plant ("Pilot") before commencing a Class 3 AACE Feasibility Study ("FS"). Critical will advance government and environmental approvals for the Vanadium Recovery Project and manage the SSAB relationship. The development scenario for this PFS is characterised by: Greenfields development starting with a cleared industrial site at Tahkoluoto Port, Pori in Finland; Plant with a throughput capacity of 200,000tpa; Feedstock comprising steel by-product Slag with a grade of 3.93% V2O5 (being the reference grade for pricing under the Slag Supply Agreement); The proprietary process flowsheet was developed by Neometals with assistance from an independent metallurgical laboratory. The process, for which a provisional patent has been applied for, is based on conventional equipment and configuration, employing novel chemistry, operated at atmospheric pressure and mild temperatures. The pregnant leach solution ("PLS") is then separated from the solid leach residue. Further extraction and purification of PLS results in the recovery of vanadium which is further processed through into vanadium pentoxide. For the purpose of cost estimation Pori, Finland is the selected location with plant offices, administration, ablutions facilities and a laboratory included in the scope. The PFS includes tie-ins for water, electricity, district heating and natural gas, which are all available near the site boundary. Critical and the City of Pori have formalised a memorandum of understanding which sets out the framework under which the parties will work together for the granting of tenure and permits required for the successful establishment of the proposed vanadium recovery processing plant on a `build-ready' 20 hectare site at the Tahkoluoto Port, Pori in Finland. Neometals prepared a comprehensive discounted cash flow analysis to provide an indication of the potential of the Vanadium Recovery Project. The analysis makes the following assumptions: No allowance was made for tax; No allowance was made for inflation; NPV is calculated against the full capital cost of process plant and does not allow for debt or any other type of funding of the project. Additional important economic and technical assumption inputs are summarised below: Overall metallurgical recovery of V2O5 is based on results from the Mini Pilot Plant and is 77.5%.; Pricing of V2O5 based on USD 10.19/lb (flat long-term forecast); World vanadium supply is dominated by China, Russia, and South Africa. With the inherent advantages that come with Slag as a feedstock (low cost and no mining risk) and the competitive operating cost position driven by Neometals' development of a patent pending hydrometallurgical process, Neometals believes the Vanadium Recovery Project is extremely well positioned to service European and North American markets with zero carbon vanadium. Recent Insider Transactions • Mar 21
MD, CEO & Director recently sold AU$173k worth of stock On the 18th of March, Christopher Reed sold around 421k shares on-market at roughly AU$0.41 per share. This was the largest sale by an insider in the last 3 months. Christopher has been a seller over the last 12 months, reducing personal holdings by AU$139k. Anuncio • Mar 03
Neometals Ltd Announces IMUMR Commences Pilot Plant Trials on Barrambie Neometals Ltd. announced the commencement of a pilot scale test work program by its partner, IMUMR, on Barrambie gravity concentrates following confirmation test-work undertaken in China on Neometals' breakthrough reductive roasting and magnetic separation flowsheet. IMUMR will manage and fund the trials at pilot scale to prove a simple gravity concentrate can be roasted and separated into two high-quality saleable products. It is a significant step forward in realising Neometals' goal to develop Barrambie as a capital-light concentrate operation initially and retaining the optionality to value add through downstream processing in the future. The pilot trials are expected to be complete in the June quarter 2021 and product evaluation results from potential offtakers in the September quarter of 2021. In parallel Neometals will advance early contractor engagement dialogues in relation to a `build- own-operate-transfer' arrangement for a mining and gravity concentration operation at Barrambie for export to end-users. Barrambie is the most advanced, undeveloped hard-rock titanium Mineral Resource in Australia, located adjacent to existing transport infrastructure giving access to open user port facilities. Barrambie has a granted Mining Proposal for a 1.2 Mtpa mining operation and Ministerial Approval for construction of a processing plant with a throughput of 3.2Mtpa. Is New 90 Day High Low • Feb 12
New 90-day high: AU$0.42 The company is up 83% from its price of AU$0.23 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: AU$0.30 The company is up 61% from its price of AU$0.19 on 16 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: AU$0.28 The company is up 45% from its price of AU$0.19 on 02 October 2020. The Australian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. 