Neometals {ASX: NMT}
Announced the completion of the AUD$104 million sale of their 13.8% stake in Mt. Marion. Neometals cash balance at ~AUD$131 million plus ~AUD$7 million in listed investments.
Core strategy remains to de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders.
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Neometals {ASX: NMT}
Announced the completion of the AUD$104 million sale of their 13.8% stake in Mt. Marion. Neometals cash balance at ~AUD$131 million plus ~AUD$7 million in listed investments.
Core strategy remains to de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders.
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HIGHLIGHTS
AUD$104 million divestment of Mt Marion equity interest completed.
Neometals cash balance at ~AUD$131 million plus ~AUD$7 million in listed investments.
Core strategy remains to de-risk and develop long life projects with strong partners and integrate down the value chain to increase margins and return value to shareholders.
Neometals Board has refined short-term project development priorities:
- Driving the Barrambie Project’s engineering, approvals and financing processes toward a Final Investment Decision for the development of a primary vanadium operation in 2019;
- Completion of the lithium-ion battery recycling pilot and feasibility study in parallel with market qualification, partner and approvals processes; and
- Advancing design and approvals activities for the Lithium Refinery Project and proving-up of zeolite co-product opportunity.
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