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Neometals Exits The Lithium Recycling Business

Neometals Ltd (ASX: NMT)

Following a comprehensive review of its lithium-ion battery recycling strategy, it has entered into a binding term sheet with its joint venture partner, SMS Group GmbH to transfer to SMS its 50% interests in both Primobius GmbH , the incorporated plant-building JV with SMS,  and ACN 630 589 507 Pty, the holding company for patented LiB Recycling Technology. Continue reading