Neometals Ltd - West Perth, Australia-based lithium-ion battery recycling technology - Says trading has been halted on the Australian Securities Exchange from Wednesday for the purpose of undertaking a capital raising book build. The fundraising is intended to progress activities at the Primobius lithium-ion battery recycling project, as well as further the research & development of the company’s lithium and vanadium recovery technology. It will advance the Barrambie gold and titanium business units and provide general corporate and working capital. The ASX trading halt is expected to end on October 11 or at the release of the next announcement. Trading on the London Stock Exchange remains unaffected.
Current stock price: 5.00 pence, down 17% in London on Wednesday afternoon
12-month change: down 73%
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