Neometals (ASX / AIM: NMT)
Neometals, the ASX listed sustainable minerals and advanced materials project developer based in Perth, Western Australia, and listed on the ASX, has confirmed the first day of trading in its securities on the London AIM Market.
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| Neometals | ASX / AIM : NMT |
| Stage | Production + development |
| Metals | Titanium + Vanadium + lithium + nickel |
| Market cap | A$734 m @ A$1.34 |
| Location | Western Australia, Germany, Finland, USA |
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Neometals Ltd
(“Neometals” or “the Company”)
First Day of Dealings on AIM
Neometals, a sustainable minerals and advanced materials project developer, is pleased to announce the admission of its entire issued share capital (the “Ordinary Shares”) to trading on the AIM market of the London Stock Exchange plc (“Admission”).
The Company’s projects are advancing towards development decisions and Admission aligns the physical location of several core projects with an existing and targeted shareholder base. The Admission precedes multiple key investment decisions in 2022 and is intended to maximise liquidity and better capitalise on substantial UK and European investor interest in the Company’s role supporting sustainable circular battery value chains.
There is no capital raising in connection with the Admission which will take place, and dealings in its Ordinary Shares on AIM will commence, at 8:00 a.m. today under the TIDM “NMT”.
The Company’s Ordinary Shares will continue to trade on the ASX under the ticker “NMT”. Ordinary Shares wont be traded on AIM, but rather through a paperless share transfer and settlement system, Depository Interests representing Ordinary Shares can be traded (for further information on Depository Interests please refer to https://www.neometals.com.au/aim-26/.
Cenkos Securities PLC is acting as Nominated Adviser (“NOMAD”) and Broker to the Company. The Company’s Admission Document is now available on the Company’s website at https://www.neometals.com.au/.
The number of Ordinary Shares in issue and the total number of voting rights in the Company on Admission will be 548,376,396. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company.
Neometals management comments
“We are delighted to commence trading on AIM.
“With this listing, we look forward to broadening our shareholder base by offering a differentiated investment opportunity and provide UK and European investors with a way to gain exposure to projects at the heart of recycling and decarbonising supply chains associated with the electric vehicle and energy storage sectors.
“With a number of our core projects moving towards final investment decisions during 2022, we have an exciting year, full of value transformative events ahead of us and we look forward to updating shareholders on progress in due course.”
Chris Reed, Chief Executive Officer of Neometals
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For brevity, this summary has been redacted, to read the full news release, please click HERE
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