Vanadium Recovery

Our Business Units



Neometals developed, and owns 100%, of a sustainable process (“VRP Technology“) to produce vanadium chemical products for battery and aerospace alloying applications from stockpiles of vanadium-bearing steel making by-product (“Slag“). The VRP Technology converts industrial side streams into supply constrained battery metal with zero waste and zero embedded CO2 footprint.

Neometals is currently evaluating low-capex, low-risk technology licensing opportunities with potential partners, including steel makers producing suitable steel slags, to generate future royalty income.


The VRP Technology enables sustainable production of critical and strategic battery materials without mining risk. There is global application however the need for resilient and sustainable European supply of high purity V2O5 makes this region a priority. Europe’s need is driven by:

  • Almost non-existent European primary production (Russia and China supply ~70% of the market);
  • Vanadium categorised as ‘Critical’ by the EU – sought for grid scale energy storage applications (Vanadium Redox Flow Batteries, VRFB); and
  • Regulation and policy requirements to strengthen circular supply chains and increase domestic capacity for extraction, processing and recycling.

NMT Advantages

  1. Potential 1st quartile production costs with future upside from carbon negative product offering.
  2. Unique circular VRP Technology supporting potential carbon negative operation.
  3. Advanced Technology development stage with patent pending.
  4. Growth potential from multiple feedstock sources with suitable characteristics.
  5. Strong policy and market tailwinds.


Targeting partnerships with steel makers and participants in the vanadium chemical value chain under a low risk / low capex technology licensing business model.

MOU in place with H2Green Steel for potential operation in Boden, Sweden.

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