Reed Resources, an ASX listed lithium and titanium development and exploration company have been renamed Neometals {ASX: NMT}, with immediate effect.

Reed Resources {RDR} were well known in Australian resource circles, being a fourth generation mining family, with interests specifically in gold exploration and mining.

Chris Reed explained that “it is the historic association with the gold mining side that encouraged the name change“, adding ” the change was inspired by the new focus of the company into lithium and titanium, as well as our legacy projects in nickel and iron“.

The name change was approved by shareholders at the recent AGM.

Neometals has commenced trading on the Australian Stock Exchange under the ticker symbol NMT.