Neometals Ltd - West Perth, Western Australia-based lithium-ion battery recycling technology - Raises $3 million in fresh equity from a subscription for 66.7 million new shares at 4.5 US cents each. The subscription is by long-term individual shareholder William Richmond, and the funds will be used to get Neometals’ flagship lithium-ion battery recycling project, for car maker Mercedes-Benz Group AG through the industrial validation stage. It will have $9.3 million in net cash following the raise.

Current stock price: 3.98 pence per share, up 14% in London on Monday afternoon

12-month change: down 83%

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