7 November 2024
Neometals Ltd
("Neometals" or "the Company")
Director / PDMR Shareholding
Sustainable process technology developer, Neometals Ltd (ASX: NMT & AIM: NMT) (Neometals or the Company), advises that it has been notified by Executive Director Jenny Purdie of dealings in the ordinary shares of no par value in the Company ("Ordinary Shares"), further details of which are set out below.
On 25 October 2024, persons closely associated with Jenny Purdie, Executive Director, completed an off market transfer of 121,567 Ordinary Shares at a price of approximately A$0.097 per Ordinary Share. Following this transaction, Ms Purdie's beneficial interest in Neometals remains unchanged at 693,141 Ordinary Shares, representing approximately 0.09% of the issued share capital of the Company.
Authorised for release by the Board of Neometals Ltd.
- ENDS -
For more information, please contact:
| Neometals Ltd | | ||||
| Chris Reed, Managing Director & Chief Executive Officer | +61 8 9322 1182 | ||||
| Chris Kelsall, CFO & Company Secretary | +61 8 9322 1182 | ||||
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Cavendish Capital Markets Ltd - NOMAD & Broker |
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| Neil McDonald | +44 (0)131 220 9771 | ||||
| Peter Lynch | +44 (0)131 220 9772 | ||||
| Adam Rae | +44 (0)131 220 9778 | ||||
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| 1. | Details of the person discharging managerial responsibilities / person closely associated |
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| a) | Name | Jenny Purdie |
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| 2. | Reason for the Notification |
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| a) | Position/status | Executive Director
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| b) | Initial notification/amendment | Initial notification
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| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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| a) | Name | Neometals Ltd
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| b) | LEI | 254900WO0PDVL8V1PY78 |
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| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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| a) | Description of the Financial instrument, type of instrument | Ordinary shares of no par value |
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| Identification code | AU000000NMT1 |
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| b) | Nature of the Transaction | Sale of Ordinary Shares
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| c) | Price(s) and volume(s) | 121,567 Ordinary Shares at A$0.097 per share
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| d) | Aggregated information Aggregated volume Price | N/A |
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| e) | Date of the transaction | 25 October 2024
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| f) | Place of the transaction | Off Market
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| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | MJS Aylward Nominees Pty Ltd ATF the MJSA Superannuation Fund |
| 2. | Reason for the Notification | |
| a) | Position/status | A person closely associated with Jenny Purdie, Executive Director
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| b) | Initial notification/amendment | Initial notification
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| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Neometals Ltd
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| b) | LEI | 254900WO0PDVL8V1PY78 |
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of no par value |
| Identification code | AU000000NMT1 | |
| b) | Nature of the Transaction | Purchase of Ordinary Shares
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| c) | Price(s) and volume(s) | 121,567 Ordinary Shares at A$0.097 per share |
| d) | Aggregated information Aggregated volume Price | N/A |
| e) | Date of the transaction | 25 October 2024 |
| f) | Place of the transaction | Off Market
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About Neometals
Neometals facilitates sustainable critical material supply chains and reduces the environmental burden of traditional mining in the global transition to a circular economy.
The Company is commercialising a portfolio of sustainable processing solutions that recycle and recover critical materials from high-value waste streams.
· Neometals' core focus is its patented, Lithium-ion Battery ("LiB") Recycling technology (50% NMT), being commercialised in a 50:50 incorporated JV (Primobius GmbH) with 150-year-old German plant builder, SMS group GmbH. Primobius is supplying Mercedes-Benz a 2,500tpa recycling plant and operates its own LiB Disposal Service in Germany. Primobius' first 21,000tpa commercial plant will be offered to Stelco under an existing technology licence for North America.
Neometals is developing two advanced battery materials technologies for commercialisation under low-risk, low-capex technology licensing business models:
· Lithium Chemicals (70% NMT) - Patented ELi™ electrolysis process, co-owned 30% by Mineral Resources Ltd, to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks at lowest quartile operating costs. Pilot scale test work and Engineering Cost Study update planned for completion in DecQ 2024; and
· Vanadium Recovery (100% NMT) - Patent pending hydrometallurgical process to produce high-purity vanadium pentoxide from steelmaking by-product ("Slag") at lowest-quartile operating cost and carbon footprint.
For further information, visit: www.neometals.com.au.
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