Neometals {ASX: NMT}

Announced plans to demerge their Barrambie Titanium / vanadium project located in Western Australia from Neometals and form a Newco.

Newco will be listed on the ASX.

The move will allow Neometals and NewCo to separately focus on development of their respective integrated lithium and titanium/vanadium strategies, and create long term shareholder value.

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Comment

This has been an obvious move for some time, to split out the non core titanium / vanadium projects into a newco, where their true value will be realised on the merits of the project.

It made no sense to me to have this project inside a vertically integrated lithium company so I’m pleased to see this finally happen.

Vanadium in particular is in vogue right now so that should allow Chris Reed to develop the project faster as a stand alone company.

This is positive for long term shareholder value in my opinion.

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Neometals have announced plans to demerge their Barrambie Titanium / vanadium project located in Western Australia from Neometals and form a Newco.

.

Newco will be listed on the ASX.

.

The move will allow Neometals and NewCo to separately focus on development of
their respective integrated lithium and titanium/vanadium strategies, and create long term shareholder value.

To read the full news release, please click HERE

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