Neometals Ltd (ASX: NMT)

Announced that The Regional State Administrative Agency for Southern Finland has granted an environmental permit for operation of a vanadium recovery plant and associated infrastructure (“Vanadium Recovery Project” or “VRP1”).

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MD Chris Reed addresses the audience at the Kalgoorlie Conference

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NEOMETALS’ VANADIUM RECOVERY PROJECT ENVIRONMENTAL PERMIT GRANTED

..

Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to
announce that The Regional State Administrative Agency for Southern Finland has granted an environmental permit for operation of a vanadium recovery plant and associated infrastructure (“Vanadium Recovery Project” or “VRP1”).

The permit authorises, subject to a number of conditions, the production of approximately 9,000tpa of vanadium pentoxide (see Table 1 for the key
production and storage parameters afforded by the permit).

Neometals is earning a 50% equity interest in an incorporated joint venture (“JV”) to develop VRP1 with unlisted Australian mineral development company, Critical Metals Ltd (“Critical Metals”) (for further details see Neometals announcement titled
“High-Grade Vanadium Recycling Agreement” dated 6th April 2020).

/

HIGHLIGHTS

• The Vanadium Recovery Project in Pori, Finland has been granted an Environmental Permit by the Regional State Administrative Agency for Southern Finland;
• Permit authorises, subject to conditions, construction and operation of a vanadium recovery plant to produce supply constrained vanadium pentoxide in Europe;
• Nordic investment bank Aventum Partners appointed to lead debt process; and
• Formal agreements being advanced with SSAB for additional feedstock and Betolar for key by-product offtake.

..

The parties are jointly evaluating the feasibility of constructing a facility in Pori, Finland to process and recover high-purity V2O5 from vanadium-bearing steel making by-product (“Slag”) generated by SSAB EMEA AB and SSAB Europe Oy (collectively “SSAB”) in Scandinavia.

Neometals Managing Director Chris Reed said:

“Congratulations to the Neometals and Critical Metals teams and consultants for achieving this significant milestone.

 

“Neometals is also grateful to the people and government of Finland for the significant support.

 

“The permit, of which the conditions are now outside public appeal, substantially de-risks the VRP1 project as we prepare to make key investment decisions.”

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Neometals.

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.

To read our full terms and conditions, please click HERE

City Investors Circle

Have published the Market Review for September 2022.

Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold. 

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Pacgold Alice River drilling 11th August 2022

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City Investors Circle –  Market Review for September 2022.

Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold.

There was plenty of news published in September, so a few stocks actually rose against the tide of falling ones, Argosy Minerals, close to producing lithium in Argentina, was one of them.

The Review also covered the recent market moves and looked at where you can park your money for safety.

Precious and base metals suffered in a falling market being ruled by the US dollar.

To read the Review in detail, please click HERE

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.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Argosy Minerals, Calidus Resources, and American Creek, bought in the market at the prevailing price on the days of purchase. 

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Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.

Companies making news this week were  American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

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Rest in peace ma’am

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Mining Review 18th September 2022

The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated 1 percentage point rate hike in the USA in September. The strong dollar is the focus at the moment, and until the FED pivots, gold is going to be in weak, and of course, the miners and explorers.

Every time gold looks as though it’s recovering, the US make another interest rate announcement and down it goes again, almost as if were being manipulated downwards deliberately.

Silver had a very good week and stocks in the COMEX and LBMA vaults are reducing, although they still have plenty in store at the moment.

The London Metal Exchange faces a new lawsuit from a group of firms, including hedge fund AQR Capital Management, over its decision to cancel billions of dollars worth of trades, after the short squeeze in nickel forced the price to stratospheric levels, causing the LME to suspend trading and cancel trades to bail out a Chinese trader.

AQR, DRW Commodities LLC, Flow Traders BV, Capstone Investment Advisors LLC, and Winton Capital Management Ltd. have filed a commercial court claim in London against the LME, according to court records.

Companies on our watchlist making news this week

American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals.

American Creek and Karora both released good drilling news, yet the market took it in its stride and both stocks trod water, whereas in better times they would have shot up.

Please click on the links below to read the full news release.

  Westhaven Gold agreed an  NSR With Franco-Nevada

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Market Data 

Weekly price movements

All in US$

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ETF’s

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Miscellaneous data

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek, Karora Resources, and Silver Tiger Metals, bought in the market at the prevailing price on the days of purchase. 

.

.

Neometals Ltd (ASX: NMT)

Announced that Primobius GmbH  the 50:50 JV owned by Neometals and SMS group GmbH has finalised its internal Engineering Cost Study (+30%,-10% accuracy) for a first-stage shredding Spoke of a potential greenfield lithium-ion battery recycling operation in an existing industrial park in Germany. 

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Neometals Primobius JV official opening

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PRIMOBIUS – ENGINEERING COST STUDY FOR FIRST STAGE OF 50 TPD RECYCLING PLANT

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to
announce that Primobius GmbH (“Primobius”), the joint venture company owned 50:50 by Neometals and SMS group GmbH (“SMS group”), has finalised its internal Engineering Cost Study (“ECS”) (+30%,-10% accuracy) for a first-stage shredding Spoke of a potential greenfield lithium-ion battery (“LIB”) recycling operation in an existing industrial park in Germany.

The ECS is being delivered in two parts comprising (1) a shredding Spoke and (2) a hydrometallurgical refinery Hub, co-located at a greenfield industrial park site in Germany.

The ECS, upon completion in December 2022, will allow the evaluation of a
completely integrated Spoke and Hub operation. The timing and staged delivery of the studies allows Primobius’ to prioritise the offer of commercial plant supply agreements for a 10 tpd Spoke to Mercedes-Benz and 50 tpd Spoke to Stelco Holdings Inc
(“Stelco”). Commercial plant supply agreements for respective refinery Hub’s for both parties are expected in 2023.

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HIGHLIGHTS

• Completion of Primobius’ Engineering Cost Study for the first stage shredding plant (‘‘Spoke’’) of a potential 50 tpd integrated lithium-ion battery recycling operation on a greenfields site in Germany;
• New design includes a European-first integrated discharging and disassembly operation to enable processing of larger modules from warranty returns and end-of-life electric vehicles (“EV”) in addition to cell production scrap;
• Operating cost estimate of US$1,400 pertonne of feed (assumed mix 70% modules: 30% cells);
• Capital cost estimate of US$103.9M (including 20% contingency) includes land, buildings, plant and equipment,
installation, infrastructure, pre-production and owner’s costs (including EPC); and
• The Engineering Cost Study for the second-stage hydrometallurgical refinery (“Hub”) is due in Dec 2022.

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.

The staged delivery model also enables the production and sale of intermediate mixed nickel/cobalt product (“Black Mass”) from Spokes during the construction and commissioning of refinery Hubs.

Neometals’ Managing Director Chris Reed said:

“The Spoke ECS allows us to better assess and control the costs of constructing and operating Europe’s largest battery recycling plant that is purpose built to take the larger battery modules arising from EV‘s.

 

“The addition of a large manual discharging and disassembly operation for modules comes at a cost, that is outweighed by access to a larger market in the medium to long-term. It is also worth noting that we currently get paid to process modules whereas many American recyclers compete to buy purchase individual cells.

“The Primobius team is now focussed on the delivery of the Hub ECS and offering plant supply agreements to Mercedes-Benz and Stelco in December this year. The Hub ECS is key to Primobius’ consideration to exercise its option to acquire up to 50% equity in the Stelco LIB recycling business in North America, which represents a significant opportunity.

 

“Our proprietary refining Hub is the largest value generator for Primobius and its customers. The Hub processes Black Mass into high-purity and higher-value battery materials which can be used in production of new batteries.

 

“Integrated recycling closes the loop, reducing the carbon footprint of new cells using recycled feedstocks and complies with pending EU regulatory requirements to use minimum levels of recycled content in the new lithium-ion batteries.”

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To read the full news release, please click HERE

=======

!Afcbok20.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author does not hold shares in Neometals.

.

.D

City Investors Circle July Market Review 

Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.

Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month.

.

Calidus Resources Warrawoona mine, Pilbarra, Western Australia.

The July 2022 Market Review can be read here

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City Investors Circle July 2022 Market Review Published

Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.

Companies featured incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month.

The July 2022 Market Review can be read here

To subscribe to the monthy market reviews, and receive invitations to our free to attend events, please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices.

Mining stocks are taking a beating along with other popular sectors of the market.

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Neometals Primobius JV official opening

City Investors Circle – Mining Review Sunday Update 17th July 2022

The strong US dollar is pushing down precious and industrial metal prices, as can be seen from the table below.

Gold lost 2% week on week, and silver a whopping 3.16%. these are large numbers for a single week, especially as they come on the back of a large decline. Gold is just holding above $1,700, let’s see if it can provide support or whether we will be through into the 1600’s this week.

If gold falls any further I would expect to see announcements of some mines being put on care and maintenance soon.

The US dollar’s rise linked to interest rate rises is causing the decline of course, and we have to remember that in other currencies the price of gold is not falling so much.

It’s the same for base metals, and copper has fallen all the way back to the $3 range, after such a strong run during the past year. It’s also been badly effected by the Chinese covid lockdowns, as well as supply chain disruption, and the Ukraine conflict.

Mining stocks are unsurprisingly taking a beating along with other popular sectors of the market.

My major concern for a wile has been opportunistic bids for good quality companies by stronger ones, taking advantage of an undervaluation situation. A good example of that was the purchase of Gold Standard Ventures by Orla Mining, and now we have had Alexco being taken out with a low ball bid from Hecla Mining.

Despite Alexco announcing the buyout price of 47c per share was a “premium” to the VWAP, it’s a fraction of the price from the previous two weeks. I accept that Alexco had poorly executed (again), and once again silver had plunged just as they were restarting the mine, but this price looks like legalised theft to me.

I am concerned about Banyan Gold, where there is an obvious predator, Victoria Gold, sitting a few miles away, in production. My concern arises from the fact that the CEO’s of the two companies are married to each other!

When I expressed this concern to CEO Tara at PDAC, she responded that the NED’s were there to ensure a good, fair price is offered. Her confidence in NED’s is higher than mine, crusty old sceptic that I am.

As the shareholders of GSV and Alexco can attest, there is a danger that a good investment is sold for a song, and that just adds to the risk of holding stocks at this point.

Stocks on our watchlist making news this week

  Orla Mining added to tier 1 watchlist

  American Creek Resources reported 237.3 m of 1.51 g/t AU EQ at Treaty Creek

  Wesdome Gold Mines Announced Q2 2022 Production Results

  Karora Resources Produced 30,652 oz Au in Q2

  Neometals Confirmed a Mercedes Benz Purchase Order

  Orla Mining Announced their Q2 2022 Operational Results

  Cabral Gold Drilled 20.9m @ 4.2 g/t Au at Cuiú Cuiú

Market Data (US$)

Weekly price movements

Precious metals

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Base Metals

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Energy metals

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Bulk commodities

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Metal ETF’s

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Miscellaneous

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=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, Banyan Gold, Karora resources, and Orla Mining, bought in the market at the prevailing price on the days of purchase. 

.

.

Neometals Ltd (ASX: NMT)

Announced that the Cooperation Agreement between Primobius GmbH the incorporated JV company owned 50:50 by Neometals and SMS group GmbH, and LICULAR GmbH , a wholly-owned subsidiary of Mercedes-Benz AG, is now legally binding.  […] 

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Neometals Primobius JV official opening

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NEOMETALS’ COOPERATION AGREEMENT WITH MERCEDES-BENZ
NOW LEGALLY BINDING

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Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce that the Cooperation Agreement between Primobius GmbH (“Primobius”), the incorporated joint venture (“JV”) company owned 50:50 by Neometals and SMS group GmbH (“SMS”), and LICULAR GmbH (“LICULAR”), a wholly-owned subsidiary of Mercedes-Benz AG(“Mercedes-Benz”)(“Cooperation Agreement”), is now legally binding.

Primobius has executed a LICULAR purchase order for LIB recycling plant front-end engineering (for further details see Neometals announcement titled “Cooperation Agreement with Mercedes Benz” dated 13th May 2022).

HIGHLIGHTS

• Neometals lithium-ion battery recycling JV, Primobius, has executed a purchase order from Mercedes-Benz recycling subsidiary, LICULAR GmbH (“LICULAR”) to complete front-end engineering for the shredding section of LICULAR’S integrated recycling plant;
• The Cooperation Agreement between Primobius and LICULAR is now legally binding; and • LICULAR’s planned 10tpd integrated recycling plant timetable contemplates execution of an equipment supply agreement in the December quarter of 2022..

LICULAR was founded specifically for the purpose of running a specialist consortia-based research programme with Mercedes Benz to develop a holistic and sustainable recycling approach for lithium-ion batteries.

Authorised on behalf of Neometals by Christopher Reed, Managing Director.

ENDS

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in Neometals.

.

.

Neometals Ltd (ASX: NMT)

Announced the completion of an Association for the Advancement of Cost Engineering Class 3 Engineering Cost Study on the recovery of high-purity vanadium pentoxide (“V2O5”) from high-grade vanadium-bearing steel by-product.

The ECS was completed with assistance from leading Nordic engineering group Sweco Industry Oy.  […] 

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NEOMETALS’ VANADIUM RECOVERY STUDY CONFIRMS LOWEST QUARTILE COST POTENTIAL

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce the completion of an Association for the Advancement of Cost Engineering (“AACE”) Class 3 Engineering Cost Study (“ECS”) on the recovery of high-purity vanadium pentoxide (“V2O5”) from high-grade vanadium-bearing steel by-product.

The ECS was completed with assistance from leading Nordic engineering group Sweco Industry Oy (“Sweco”).

HIGHLIGHTS

• Class 3 Engineering Cost Study component of Feasibility Study completed with assistance from leading Nordic engineering group Sweco Industry Oy;
• Operating cost estimate of US$ 4.38/lb V2O5 places VRP1 project in lowest quartile of the industry cost curve;
• Capital cost estimate of US$ 341 M for upsized 300ktpa plant (including 15% contingency); and
• Permitting activities well advanced with Environmental Permit submitted to Finnish regulators and a decision expected in September 2022.

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As previously announced (see Neometals announcement titled “High-Grade Vanadium Recycling Agreement” dated 6thApril 2020), Neometals has the option to enter into a 50:50 incorporated joint venture (“JV”) to develop a vanadium recovery project
(“Vanadium Recovery Project”or “VRP1”)with unlisted Australian mineral development company, Critical Metals Ltd (“Critical”).

The parties are jointly evaluating the feasibility of constructing a facility in Pori, Finland to process and recover high-purity V2O5 from vanadium-bearing steel making by-product (“Slag”) generated by SSAB EMEA AB and SSAB Europe Oy (collectively “SSAB”) in Scandinavia.

The VRP1 offers a compelling business case which is underpinned by:
• access to very high-grade vanadium feedstocks without upstream mining costs and associated operating risks;
• potentially robust economics;
• processing flowsheet utilising conventional equipment at atmospheric pressure and mild temperatures with non-exotic materials of construction; and
• a very low or net zero greenhouse gas footprint given the absence of mining and a processing route sequestering CO2 into potentially saleable carbonate by-product.

.
Neometals is encouraged by the outcomes of the ECS which confirms the potential for lowest quartile operating costs. This aligns with prior outcomes from the historical Neometals pre-feasibility study (“PFS”), however the ECS has been completed to a ±15% level of accuracy compared to the previous -20% +25%.

Capital and Operating cost estimates are denominated in US$ dollars
using an exchange rate of 1 Euro: 1.123 US$.

ECS Metrics (100% ownership basis) PFS Metrics (100% ownership basis)***
Annual Production 19.01million lbs (8,642 t) V2O5 13.43 million lbs (6,091 t) V2O5
Annual Throughput* 300,000 tpa 200,000 tpa
Average Net Operating Cost of recovered V2O5 US $4.38/lb US $4.25/lb
Total initial capital costs** US $341 M US $183.4 M
*Based on potential additional Slag volumes
**See Table 2 for further information on ECS initial capital costs
***Refer ASX Announcement “Vanadium Recovery Project –PFS Indicates Robust Potential Economics” dated 4 May 2021

For brevity, this summary has been redacted, to read the full news release, please click HERE

Neometals management comments

“Completion of the ECS has provided additional confidence in the operating and capital costs of VRP1, the teams have significantly reduced the technical risk of the project.

 

“Combining this high-grade feed stock with our innovative process flowsheet can deliver very high purity, low-cost vanadium chemicals globally with a very low carbon footprint.

 

“Security of supply is a key issue in Europe, vanadium has been on the list of Critical Raw Materials since 2017, and Russia supplied the bulk of Europe’s vanadium feedstock in 2021.

 

“As Europe’s only advanced high purity vanadium development project, VRP1 is a strategically important asset.

 

“Notwithstanding a reduction in technical risk, Neometals is cognisant of the global economic and geopolitical outlook, current state of financial markets and the fall in the vanadium price which has increased the financial risk of the project”

Chris Reed, MD of Neometals

.

For brevity, this summary has been redacted, to read the full news release, please click HERE

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

.

Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.  […] 

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Eloro Resources – Drill crew at their Iska Iska project, Potosi, Bolivia.

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Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Interestingly, because of a lower pound sterling, gold is UP 2% in the last month, despite being 2% lower in US dollar terms.

Silver fared worse, taking a hefty hit on the week, see the precious metal price table below.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.

It’s always heartening to see a mining company achieving its set goals and stated objectives within the timeframe, and on budget, so the recent news from Calidus Resources‘ Warrawoona Gold Mine was well received.

Whilst being wary of there being ‘many a slip between cusp and lip’, they are currently on track to achieve their targets at the moment.

Neometals is another company performing well, and their Primobius JV is doing very well in my view. I do wonder whether this may be spun out and listed in its own right, maybe in Frankfurt?

Eloro Resources is continually producing some significant drill intercepts at Iska Iska, their main project.  Sadly they are not getting the share price appreciation one would normally expect, due to the project being in Bolivia, a more risky country for mining projects.

Having said that, the current government are being respectful of international norms, so on current form Bolivia is a whole lot less risky than under former president Morales. This project looks to have enormous scale as well as high grades of silver and tin, so a sale to a more powerful mining company with more political clout looks on the cards eventually.

Colonial Coal was the subject of a research note by Epstein Research this week. The share price has slipped back due to investor impatience, as it tries to negotiate a sale of it’s high quality coking coal project. It looked undervalued before, it looks extremely undervalued now, at under CAD$0.30 per tonne in the ground for a commodity currently trading at US$465 tonne, or CAD$597.

The FOB costs of mining are around CAD$150, so a massive margin for what is traditionally  low margin high tonnage commodity.

News from our watchlist companies this week

City Investors Circle Market Review April 2022

Eloro Resources drilled 169.11g Ag eq over 235m

Colonial Coal Epstein Research note – “Cheapest Coking Coal Junior”

Cornish Metals Special Meeting of Shareholders

Calidus Resources commenced ore processing at Warrawoona

Neometals’ JV Primobius Received its Operating permit

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Market data

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A full list of metal prices and comments can be found on the Monthly Market Review for April 2022, please click HERE

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If you need clarification of any information contained in this note, or have any questions about Eloro Resources, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure,

The author holds shares in Calidus Resources, Colonial Coal, and Eloro Resources, bought in the market at the prevailing price on the days of purchase.

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Neometals Ltd (ASX: NMT)

Announced that Primobius GmbH , the incorporated JV company owned 50:50 by Neometals and SMS group GmbH, has received its ‘BlmSchG’ operating permit for its 10tpd commercial lithium-ion battery recycling facility (Shredding Plant”) in Hilchenbach, Germany.  […] 

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Neometals Primobius JV official opening

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PRIMOBIUS RECEIVES GERMAN OPERATING PERMIT HIGHLIGHTS

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce
that Primobius GmbH (“Primobius”), the incorporated joint venture (“JV”) company owned 50:50 by Neometals and SMS group GmbH (“SMS”), has received its ‘BlmSchG’ operating permit for its 10tpd commercial lithium-ion battery (“LIB”) recycling facility
(“10tpd Shredding Plant”) in Hilchenbach, Germany.

Highlights

• Neometals recycling JV, Primobius, secures commercial lithium battery recycling permit “BlmSchG”;
• Federal operating permit enables commencement of commercial operations in Hilchenbach, Germany;
• Cornerstone battery feedstock comprised of batteries from electric vehicles; and
• First black mass product delivery to German off-taker expected next week.

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Primobius is receiving and storing EV battery modules from its disposal service customer ahead of the commencement of commercial operations in mid-May.

The BImSchG (Federal Immission Control Act) applies to construction and operation of ‘installations’ to ensure prevention and reduction of any harmful environmental effects caused by emissions to air, water and soil. In addition to securing the permit,
Primobius is delivering its first intermediate active material (“Black Mass”) product produced during the demonstration trials to a German metal recycler next week.

Primobius plans to deliver a number of bulk samples from commercial operations to multiple parties for evaluation of larger, longer term offtake arrangements.

Black Mass sales will precede planned hydrometallurgical refining until such time as the facilities have been constructed and commissioned by Primobius and potential partners.

The 10 tpd Shredding Plant will generate near-term revenue as well as prove the efficacy and operability of the shredding circuit at a 1:5 scale of the larger commercial plants. 50 tpd recycling operations are presently the subject of engineering cost studies, scheduled for completion by 30 June 2022.

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Authorised on behalf of Neometals by Christopher Reed, Managing Director

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

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Mining Review Sunday Update 3rd April 2022

The nickel price is still holding at a higher level then before the LME ‘Big Shot’ debacle, and volumes remain low, some trust has been lost.

Watchlist companies making news this week included Banyan Gold, Cornish Metals, Gold Road Resources, Neometals, and Pure Gold Mining.  […] 

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Neometals Primobius JV official opening

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City Investors Circle – Mining Review Sunday Update 3rd April 2022

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The nickel price is still holding at a higher level then before the LME ‘Big Shot’ debacle, and volumes remain low, some trust has been lost.

When the LME unwound the day’s trades to rescue the Chinese trader ‘Big Shot’, heavily underwater and facing wipeout, they effectively cancelled completed contracts. This is not a good precedent to set, as it shakes confidence in the exchange, traders cannot be sure of where they stand if trades can be unwound.

What happens if you used the cash from an unwound nickel trade into another trade, is that unwound as well? What if you were losing and after that it bounced?   A more detailed explanation is available here

I will be astonished if this doesn’t end in the High Court personally.

Watchlist companies making news this week included  Banyan Gold, Cornish Metals, Gold Road Resources, Neometals, and Pure Gold Mining. Not all reported good news, so first the bad.

Gold Road Resources reported very poor half year figures, with the proposed dividend halved as a result. Mechanical issues played their part, as did a low grade area, which they are through now, and entering a higher grade zone.  Guidance for this year is more or less the same as last.

Pure Gold Mining reported that they require to do a C$50 million financing to complete their recovery plan, which sent the share price down like the proverbial lead balloon.

No price for the funding has been mentioned, and that’s killing the share price as nobody in their right mind would buy before the financing price has been declared.

Advantage is with the financiers, so it may not be pleasant, lube may well be required. I feel for existing holders, but there may be an opportunity for non holders once the financing price and details are known.

Neometals announced their Primobius JV with SMS GMBH officially opened their new battery recycling plant in Hilchenbach, Germany. This is a significant milestone, and the share price has reacted accordingly.

***   Neometals share price has hit a 52 week high on the news.

Cornish Metals, looking for tin and copper in Cornwall, UK, reported a financing for up to £40.5 million, to continue to explore their highly prospective project for these critical metals.

Full details for all these stories can be found by clicking the links below.

Watchlist companies making news this week.

City Investors Circle Market Review for March 2022 published

Banyan Gold Intersected 1.16 G/T Gold over 68.9 m

Pure Gold Mining slumped on new Financing Requirement

Neometals’ Primobius JV Opened their Battery Recycling Plant

Gold Road Resources 2021 published their Full Year Results and Dividend

Cornish Metals are to Raise up to £40.5 Million

Market Data (US $)

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Precious metals

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Base Metals

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Energy Metals

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Bulk commodities

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Metal ETF’s

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author owns shares in Banyan Gold and Gold Road Resources, bought in the market at the prevailing price on the day of purchase.

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Neometals (ASX: NMT)

The  battery recycling JV between Neometals and Primobius, has officially opened its 10tpd commercial lithium-ion battery recycling plant in Hilchenbach, Germany.

Operations planned at 10tpd to commence in Q2 2022 pending receipt of operating permit.

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Neometals’ Primobius JV official opening, Hilchenbach Germany.

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Neometals’ Primobius JV Opens German Recycling plant at Hilchenbach, Germany.

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce
that Primobius GmbH (“Primobius”), the incorporated joint venture (“JV”) company owned 50:50 by Neometals and SMS group GmbH (“SMS”), has officially opened its 10tpd commercial lithium-ion battery (“LIB”) recycling facility (“10tpd Shredding Plant”) in Hilchenbach Germany.

Primobius was founded to commercialise Neometals’ sustainable LIB recycling technology. Demonstration plant trials on the two stage recycling process have been successfully concluded.

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HIGHLIGHTS

• Neometals battery recycling JV, Primobius, has officially opened its 10tpd commercial lithium-ion battery recycling plant in Hilchenbach, Germany;
• Operations planned at 10tpd to commence in Q2 2022 pending receipt of operating permit;
• Cornerstone feedstock secured from specialist German battery waste company; and
• Successful completion of demonstration refinery trials enables engineering cost and feasibility studies for 50tpd operations to be finalised ahead of investment decisions in Q3 2022.

The Stage 1 ‘Shredding Circuit’ was modified in Q4 2021 to accelerate commercial operations and secure market share. Completion of the Stage 2 ‘Refinery Circuit’ test-work trials now enable the completion of the engineering cost study component of the feasibility study and consideration of financial investment decisions (“FID”)for larger 50tpd recycling plants.

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For brevity, this summary has been redacted, to read the full news release, please click HERE

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Neometals Ltd (ASX: NMT)

Notes the press release made today by Mercedes-Benz AG.

Mercedes-Benz has advised that its wholly owned subsidiary LICULAR GmbH plans to cooperate with Primobius GmbH the incorporated joint venture company owned 50:50 by Neometals and SMS group GmbH.  […] 

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Neometals battery recycling shredder

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MERCEDES-BENZ PRESS RELEASE REGARDING BATTERY RECYCLING WITH NNEOMETALS  JV PARTNER PRIMOBIUS

Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), notes the press release
made today by Mercedes-Benz AG(“Mercedes-Benz”)(“Mercedes Release”).

Mercedes-Benz has advised that its wholly owned subsidiary LICULAR GmbH (“LICULAR”) plans to cooperate with Primobius GmbH (“Primobius”), the incorporated joint venture company owned 50:50 by Neometals and SMS group GmbH (“SMS”), as part of Mercedes-Benz’s push to develop a holistic and sustainable recycling approach for lithium-ion batteries.

Mercedes-Benz has today announced that Primobius is its preferred technology partner for the conceptual design and construction of a planned battery recycling and waste disposal recycling plant at Mercedes Benz’s Kuppenheim Operations in Southern Germany.

The proposed recycling plant at Kuppenheim marks Mercedes-Benz’s first entry into the field of battery recycling.

As set out in the Mercedes Release and based on preparatory work carried out by Primobius and LICULAR, Neometals expects the recycling plant will have a nominal capacity of 2,500 tonnes per annum (up to 10 tonnes per day) and will be built in
two stages with the first stage (mechanical dismantling) commencing production in 2023.

HIGHLIGHTS

• Neometals notes the press release made today by Mercedes-Benz AG (“Mercedes-Benz”), regarding its global strategy for recycling automotive battery systems, which includes a recycling plant at its Kuppenheim operations in Southern Germany;
• Mercedes-Benz has announced that its subsidiary LICULAR GmbH (“LICULAR”) plans to cooperate with Neometals’ battery recycling JV, Primobius, as its technology partner, for the design and construction of the proposed recycling plant;
• Primobius is in advanced discussions with Mercedes-Benz regarding the design and construction of a 2,500 tpa lithium-ion battery recycling plant for LICULAR’s facilities; and
• Neometals looks forward to Primobius’ continuing collaboration with Mercedes-Benz and will keep the market informed of developments.

Additional information

Neometals confirms that Primobius is finalising discussions with Mercedes-Benz regarding the planned cooperation set out in the Mercedes Release.

The formal agreements relating to the cooperation agreement are expected to be signed between Primobius and LICULAR, following negotiations under an earlier informal non-binding memorandum of understanding between the parties.

Neometals is pleased with how the discussions are progressing and notes that Mercedes-Benz has publicly made its intentions known in advance of the parties executing binding legal agreements.

Neometals looks forward to Primobius continuing its negotiations with Mercedes-Benz and providing further updates on the cooperation with them.

Neometals management comments

“We are proud that Mercedes-Benz, one of the greatest names in the automobile industry, has announced its intention to partner with Primobius.

 

“Mercedes-Benz has made public its clear commitment towards sustainable battery recycling, with Primobius as its preferred technology partner for the design and construction of an integrated recycling plant in Kuppenheim.

 

“Lithium battery recycling supports conservation of resources, decarbonisation and supply chain resilience and we are excited to assist Mercedes in its goal to re-use recovered materials for the manufacture of new cells for Mercedes-EQ vehicle models.

 

All of our discussions to date have been very positive and we look forward to continuing our negotiations and entering into binding legal agreements in the near future.”

 

Chris Reed, MD, 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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

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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 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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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

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Neometals Ltd (ASX: NMT)

Advised that it is making strong progress towards the admission of its shares to trading on the AIM market of the London Stock Exchange.

Pursuant to the AIM Rules for Companies, Neometals has submitted its Schedule One pre-admission as well as its proposed introduction to AIM announcements to the LSE.   […] 

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to advise that
it is making strong progress towards the admission of its shares to trading on the AIM market of the London Stock Exchange (“LSE”)(“AIM Listing”).

Pursuant to the AIM Rules for Companies, Neometals has submitted its Schedule One pre-admission (“Schedule One”) as well as its proposed introduction to AIM announcements to the LSE.

Both of these compliance documents precede lodgement of the formal application for admission and publication of admission document which, when approved by  the Neometals board and the LSE, finalises admission to trading.

Neometals’ AIM Listing is part of its strategy to capitalise on substantial UK and European investor interest in the Company’s role supporting sustainable circular battery value chains(for full details refer to Neometals ASX announcement entitled “Neometals to List on the London Stock Exchange” released on the 23rd April 2021).

The AIM admission will not be coupled with an immediate capital raising and Neometals’ shares will continue to be listed and trade on the ASX.

Cenkos Securities Plc is acting as the Company’s Nominated Adviser and broker for the admission to trading.

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HIGHLIGHTS

• Late February targeted for Neometals admission to the AIM market of the London Stock Exchange; and
• Neometals Schedule One Pre-Admission and Proposed Introduction to AIM announcements made on the London Stock Exchange.

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For further information, please refer to the following RNS releases to the London Stock Exchange: 

https://www.londonstockexchange.com/news-article/market-news/intention-to-float/15326561

https://www.londonstockexchange.com/news-article/market-news/schedule-one-neometals-ltd/15327037

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Authorised on behalf of Neometals by Christopher Reed, Managing Director

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Mining Review Sunday Update 6th February 2022

Gold is oscillating around the US$1,800 level, and has been for some time, and the feeling is it will continue to do so for some time yet, unless some significant news moves it strongly in one direction.

Radisson Mining, Cabral Gold, and Eloro Resources all reported good drill results, and Neometals reported their financials.

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Eloro Resources Tumi

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Mining Review Sunday Update 6th February 2022

Gold is oscillating around the US$1,800 level, and has been for some time, and the feeling is it will continue to do so for some time yet, unless some significant news moves it strongly in one direction.

It was a pretty uneventful week for metal prices, although iron ore was up 4% and coking coal down 7%, the first significant divergence for a while.

Radisson Mining, Cabral Gold, and Eloro Resources all reported good drill results, and Neometals reported their financials, see the links below.

Many of our tier 2 exploration plays continue to fall despite gold bouncing a little and companies advancing their projects. This is obviously frustrating, but sooner or later investors will surely see the undervaluations in the mining sector and  buyers will return again?

It has been confirmed that China and India have been buyers of gold recently, a good sign that these large countries that traditionally use gold as a store of value still do so.

Apart from gold, I think the metals to watch are in the EV space, namely lithium, copper, nickel, and cobalt. One wonders where all the metals required for the giga factories are going to come from?

I’m of the opinion that the extinction of the internal combustion engine by government mandate will be extended due to the shortage of metals required for EV’s.

Stocks from our watchlist in the news this week

 Radisson Mining intersects 38.34 g/t gold over 2m

 Neometals Published their Quarterly Activities Report

 Cabral Gold Trenching returns 5m @ 8.3 g/t gold

 Eloro Resources Intersect 239.7 g Ag Eq at Iska Iska

Market data

In US$

Precious metals

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Base metals

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Energy Metals

Bulk Commodities

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Metal ETF’s

Neometals (ASX: NMT)

Published their Quarterly Activities Report.

The company looks to be in a very healthy financial position, has no debt, and the list of active projects continues to grow.   […] 

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Neometals Published their Quarterly Activities Report For the quarter ended 31 December 2021

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HIGHLIGHTS

CORPORATE
• Cash balance A$72.8million, receivables and investments of A$47.9million and no debt;
• David Reed retired from Board and Chris Reed’s contract extended until 2024; and
• Ongoing preparations for Neometals’ dual listing on AIM market of the London Stock Exchange in Mar Q22.

DOWNSTREAM – MATERIALS PROCESSING
Lithium-ion Battery (“LIB”) Recycling Project (50% NMT via Primobius GmbH, an incorporated JV with SMS group GmbH)
• Demonstration Plant Trials – hydrometallurgical refining circuit successfully commissioned with Stage 1 Shredding trials subsequently completed and Stage 2 Refining trials ongoing;
• Successful commissioning of modifications to the Stage 1 Shredding circuit of Demonstration Plant to enable 10tpd commercial disposal operations commencing late Mar Q 22: and • MoU with steel producer/recycler, Stelco, advanced with formal agreements to commercialise the recycling technology in North America. Stelco has licensed the recycling technology to fast-track feedstock supply arrangements and Primobius has an option to acquire up to 50% of the Stelco recycling entity.
Vanadium Recovery Project (“VRP”) (earning into 50:50 JV with Critical Metals Ltd)
• Engineering process data prepared for SSAB project (VRP1) feasibility study which has been awarded to Nordic focused engineering firm Sweco Industry Oy; and
• Offtake, environmental permitting, CO2 capture and additional project business development activities advanced.
ELi® LithiumProcess Project (“ELi®”) (70% NMT / 30% Mineral Resources)
• Neometals sustainable battery materials portfolio enhanced with commercialisation opportunity over proprietary electrolysis process to produce lithium chemicals from lithium salt, ELi®; and
• Portugese chemical company, Bondalti Chemicals S.A to co-fund and construct an electrolysispilot plant at the Bondalti chemical complex in Estarreja as part of evaluation towards a proposed 25,000tpa lithium refinery.

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Neometals (ASX: NMT)

Neometals has successfully commissioned its pilot plant and commenced production of a titanium-rich gravity concentrate sample for offtake evaluation trials.

Approximately 150 tonnes of gravity concentrates will be produced and shipped in Q1 2022.

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Neometals Barrambie Pilot Plant and Offtake Update

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HIGHLIGHTS
• Neometals has successfully commissioned its pilot plant and commenced production of a titanium-rich gravity concentrate sample for offtake evaluation trials;
• Approximately 150 tonnes of gravity concentrates will be produced and shipped in Q1 2022 with the majority going to titanium slag producer Jiuxing for commercial scale trials as part of their offtake evaluation process;
• Pre-feasibility studies are on schedule for completion in Q1 2022; and
• Jiuxing commercial smelting trials scheduled for completion Q2 2022 to advance negotiations for formal offtake agreements which are a prerequisite for any future investment decision.

Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to
provide an update on its 100% owned Barrambie Titanium and Vanadium Project (“Barrambie”).

The Company, in conjunction with its consultants Allied Mineral Laboratories, Primero Group and Roxbury Trading Pty Ltd have successfully commissioned a gravity beneficiation plant at Menzies in Western Australia to generate bulk concentrate samples for evaluation by potential Chinese offtake counterparties.

Neometals has a memorandum of understanding with Jiuxing Titanium Materials (Liaonging) Co. Ltd (“Jiuxing MoU”) (“Jiuxing”) (for full details refer to ASX announcement entitled “Barrambie – MOU for Cornerstone Concentrate Offtake”
released on 16th April 2021).

The Jiuxing MoU outlines the technical and commercial pathway to a formal, binding take-or-pay offtake agreement, with Neometals supplying approximately 100 tonnes of mixed gravity concentrate for evaluation trials using Jiuxing’s commercial trials.

For brevity, this summary has been redacted, to read the full news release, please click HERE

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.City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Neometals (ASX: NMT)

Primobius, Neometal’s battery recycling JV company, has confirmed it is entering the highly lucrative North American battery recycling market, which is the fastest growing lithium battery production region.   […] 

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Neometals ELi process explained

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NEOMETALS’ PRIMOBIUS JV TO ENTER NORTH AMERICA WITH STELCO FOR RECYCLING OF ELECTRIC VEHICLE BATTERIES

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Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce that Primobius GmbH (“Primobius”), the joint venture (“JV”) company owned 50:50 by Neometals and SMS group GmbH (“SMS”), has executed binding option and licencing agreements(“Formal Agreements”) with Stelco Inc. (“Stelco”) and a wholly owned subsidiary of Stelco.

Stelco is a wholly-owned subsidiary of Stelco Holdings Inc., a Toronto Stock Exchange listed steelmaking company headquartered in Hamilton, Ontario.

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HIGHLIGHTS

• Primobius executes agreements to commercialise its recycling technology into North America, the fastest growing lithium battery production region, with leading Canadian steelmaker Stelco Holdings Inc. (TSX: STLC);
• Stelco plans to secure large volumes of end-of-life vehicles to source scrap steel feedstocks and recycle lithium-ion batteries in a proposed 50 tpd integrated operation at its Lake Erie Works;
• Primobius will licence a Stelco battery recycling special purpose vehicle and hold an option to acquire between 25% and 50% equity by contributing its pro-rata share of sunk evaluation and development costs; and
• Allows Stelco to focus on feedstock and approval activities and Primobius on its demonstration trials, engineering studies and 10 tpd commercial disposal operation in Hilchenbach, Germany.

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Stelco and Primobius entered into a MoU earlier in the year to evaluate future joint lithium-ion battery (“LIB”) recycling operations (for full details refer to Neometals ASX announcement entitled “Primobius Enters MOU for North America with Stelco to Construct a Plant for Extraction and Recycling of Battery Metals” released on 27th May 2021).

The parties worked together towards a significant North American LIB recycling business plan and have now entered into binding formal arrangements that allow Stelco to accelerate its sourcing of feedstock ahead of Primobius considering equity ownership of the Stelco battery recycling special purpose vehicle (“Stelco SPV”) responsible for battery recycling operations.

Specifically, Primobius has exclusively licenced itsbattery recycling technology (“Recycling Technology”) to Stelco SPV (“Licence”) in the field of end-of-life vehicle battery processing, to enable it to advance commercial LIB feedstock sourcing agreements and advance its approvals processes.

Under a separate option agreement (“Option”), Primobius can elect to acquire between 25% and 50% equity in Stelco SPV by contributing its pro-rata share of Stelco SPV’s sunk evaluation and development costs prior to exercising.

If the Option is not exercised by Primobius, under the Licence, Stelco will have the exclusive rights to utilise the Recycling Technology in North America to recycle LIBs removed from end-of-life electric vehicles, and Primobius will be entitled to a gross revenue royalty.

The commercial Formal Agreements contemplate Stelco SPV evaluating a 50 tpd (18,250 tpa) integrated Shredding (“Spoke”) and Hydrometallurgical Refinery (“Hub”) located at its Lake Erie Works in Ontario, Canada.

Primobius is capable of supplying Stelco SPV a network of 50 tpd Shredding plants across the licenced territory (Canada, USA, Mexico) to feed a larger scale, centralised hydrometallurgical refining Hub as and when required.

The Formal Agreements with Stelco represent a significant milestone for Primobius and its strategy to become the leading LIB recycler through the establishment of a second operating base, in North America.

The Stelco SPV will help meet the need for multiple large recycling facilities to manage significant anticipated volumes from end-of-life electric vehicle batteries originating from the World’s fastest growing cell making jurisdiction.

Stelco is now in a position to mature its feedstock targeting activities with direct access to a sustainable industrial scale recycling solution backed by globally recognized engineers and plant builders, SMS.

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Neometals management comments

“Neometals is understandably excited by the speed of commercial progress being made by Primobius.

 

“We recognise both the need to partner to secure access to large volumes of end-of-life LIB’s to ensure future growth and the present need to recycle significantly growing volumes of production scrap from LIB cell production in the US.

 

“Stelco is a leading supplier of steel to the Automotive OEMs and consumes scrap as part of its steel manufacturing process and presents the perfect opportunity for Primobius to enter the North American market as partners.

 

“Our 10 tpd commercial disposal plant in Germany addresses the needs of the LIB supply chain in Europe and builds our operating expertise as principal, further de-risking and enhancing the value of partnering with Primobius.

 

“Our impressive pipeline of development opportunities is reshaping our short-term strategy and we are prioritising market penetration over our ambitions to
operate as principal. Primobius’ flexible business models remain as key unique selling points.”

 

Neometals’ Managing Director Chris Reed

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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City Investors Circle Annual Review 2021 published

The Review covers the best performing stocks that have presented to us in London, the biggest risers from the watchlist during 2021, as well as the commodities that rose the most over the last year.  […] 

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Lefroy Exploration Drill crew, Western Australia

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City Investors Circle Annual Review 2021 published

The Review covers the best performing stocks that have presented to us in London, the biggest risers from the watchlist during 2021, as well as the commodities that rose the most over the last year.

The Review looks at the performance of a large group of companies that have presented live to us in London since 2014, and the results vindicate the value of attending company presentations.

We then cover the best performing companies on the watchlist in 2021, where there have been some significant gains, and few losses, despite a poor market.

Four of the companies on the watchlist were bought out in 2021, two of the deals we liked as they look to make sense, the other two, and in particular Roxgold’s sale to Fortuna Silver look like a poor deal in my opinion.

Finally we look at the commodities’ performance over the last year, where most gained and very few went down.

To read the Annual Mining Review for 2021, please click HERE

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