Neometals to progress integrated lithium chemical production strategy

Neometals Ltd {ASX: NMT} advises that the sale notice period for its 13.8% equity stake in the Mt Marion Project as originally announced on 7th April 2017, closed, without receipt of a compliant offer.

The Company has now determined that the retention of the Project equity is in the best interests of shareholders’ given the improved offtake pricing structure and levels, and the achievement of significant Project milestones in the intervening period. Continue reading

Crypto currencies continue to fall, Ethereum hit badly, down 50% in three weeks

Ethereum $ETH continues to fall dramatically, along with most other crypto currencies. Bitcoin $BTC is holding up fairly well, but the remainder of the ‘top 10’ cryptos by market cap are continuing to fall after their recent strong run.

Ethereum has fallen by 50% since briefly hitting $400 around three weeks ago. Continue reading

Coinbase is to reimburse customer losses caused by the Ethereum flash crash

Ethereum {ETH} suffered a ‘flash crash’ a few days ago, dropping from $310 per coin to only 10 cents!  It subsequently rebounded back to the former level, but in the crash many stop losses and margins were hit, resulting in some investors being wiped out.

Coinbase, which runs the GDAX digital currency exchange has announced it will reimburse investor losses. Continue reading

Neometals announce a 12% price increase for Mt. Marion concentrate offtake

Neometals Ltd. {ASX: NMT} and Mineral Resources Ltd. {ASX: MIN} announced that, pursuant to the terms of the Offtake Agreement with their partner, Ganfeng Lithium, effective from 1 July 2017 the price payable per dry metric tonne of 6% spodumene concentrate produced at Mt Marion and delivered CFR China (Incoterms 2010) increased from US$750 to US$841. Continue reading