Neometals Vanadium Revival
Aussie company Neometals is building a battery recycling plant...in Canada
Yesterday, Perth-based battery tech company Neometals fired up its lithium-ion battery recycling pilot plant in Canada. Neometals says it has developed a profitable process that recovers 90 per cent of all raw battery materials, like cobalt, manganese, nickel and lithium from used batteries. These are end-of-life or faulty batteries that would otherwise find their way into landfill or inefficient base metal recovery circuits, Neometals says.
Australia's Neometals Approaching Lithium-Ion Battery Cell Recycling Goal
Australia's Neometals Ltd has announced the successful commissioning of stage 1 of its lithium-ion battery recycling pilot plant. Stage 1 consists of a feed preparation process, which the company says safely and efficiently shreds end-of-life lithium ion batteries at a commercial scale. An interesting aspect is some of these batteries still carry charge. Shredding lithium batteries is accompanied by a risk of combustion occurring, but obviously that threat has been overcome.
Neometals advances integrated lithium plans
Perth-based battery metals developer Neometals is progressing its plans to become a fully integrated supplier of downstream lithium products as well as a recycler of used lithium-ion batteries. It aims to finalise engineering design for its proposed 10,000 t/yr lithium hydroxide plant at Kalgoorlie, as well as advance offtake negotiations and gain necessary development approvals, in 2019.
Neometals agrees the sale of Mt Marion equity for $A104 million and retains offtake rights
Chris Reed's Neometals has offloaded its 13.8 per cent stake in the Mt Marion lithium project near Kalgoorlie, releasing $104 million for the company to pursue its downstream processing ambitions. Neometals' joint venture partners in Mt Marion - Mineral Resources and China's Gangfeng - have agreed to buy out the minority stake, taking their ownership to 50-50.
Neometals' Barrambie titanium-vanadium project back on schedule
Chris Reed's Neometals has dusted off long-stalled plans for its Barrambie titanium-vanadium project 80km north-west of Sandstone on the back of surging prices for the metals. The company announced late last week it would revisit and update a 2009 definitive feasibility study on the project in light of the new market fundamentals.
Mt. Marion JV partners agree spodumene concentrate off-take prices with partner Ganfeng
500,000 tonnes were recently added to the Mt Marion resource, which stands at 71.3 million tonnes at 1.37% lithium oxide. The 6% spodumene concentrate prices for the two quarters post July 1, 2018 have been agreed as follows: For shipments departing July 1, 2018 to September 30, 2018: US$1,070.85 per dry metric tonne (CIF); and for shipments departing October 1, 2018 to December 31, 2018: US$930.80 per dry metric tonne (CIF).
Albemarle expedites Australian projects over Chile
Australian producers, who extract lithium from hard rock, are increasingly viewed as the cheapest producers of lithium hydroxide, reversing the traditional industry dynamic which has ensured the lowest cost producers are those in Chile and Argentina who turn briny water into lithium carbonate. The owners of the Mount Marion lithium mine (Neometals, Mineral Resources and China's Ganfeng) are also plotting a lithium hydroxide plant, while Mineral Resources had separately debated whether to build a lithium hydroxide plant to accompany its Wodgina mine in Australia or in Asia.
Neometals offers five great opportunities for the price of one
One of the first rules of investing is don't put all your eggs in one basket. Diversification adds layers of protection and opens up new opportunities as you will read below. Neometals Ltd. is not just another lithium company as they also have nickel, titanium, vanadium and coming soon, processing and recycling. Neometals has two key divisions - a fully integrated lithium business and a titanium-vanadium development business. Both are supported by proprietary technologies that assist downstream integration through revenue enhancement and cost efficiencies.
Neometals to target non-Chinese battery markets
Neometals is targeting international markets outside China for product from its proposed Kalgoorlie lithium refinery. Mr Reed said he remains confident the plant, which if approved will be built just 5km outside of Kalgoorlie-Boulder, will be a long term business opportunity for the mining company turned battery metals technologist. Neometals banked its first $6.2 million profit distribution from its minority owned Mt Marion lithium mine, 40km south-west of Kalgoorlie-Boulder, yesterday.