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Frankfurt am Main, 05 August 2020: DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse GmbH”, “DGWA”) is pleased to announce a partnership with Neometals Ltd (ASX: NMT, FRA: 9E9) (“Neometals”), an Australian project developer, regarding its Investor and Corporate Relations activities in Europe.

With offices in Frankfurt, Berlin and Vienna as well as representatives in Australia and Canada, DGWA focuses on the growing interest within the German-speaking financial community in the country’s green transition and the considerable investments being committed to the electric vehicle and energy storage systems industry.

DGWA will collaborate with Neometals to help gain investor awareness and drive investment opportunities from the European financial markets and will provide investor relations services to help Neometals position itself in the German-speaking financial markets. DGWA will introduce Neometals to its extensive network within the European corporate and federal community to assist the Company in exploring offtake-agreements and potential grants and subsidies.

Stefan Müller, DGWA’s CEO, states: “We are delighted to be partnering with Neometals and bring the opportunity to the European capital markets. We believe that the battery and EV industries in the EU are set for significant growth, as European battery production is a strategic imperative for clean energy transition and the competitiveness of its automotive sector. Neometals uncompromising approach to sustainability and their focus on battery-mineral related opportunities to deliver solutions for demanding European consumers, will be well perceived by European investors. The lithium battery recycling JV – together with SMS group, one of the world’s leading suppliers of metallurgical equipment and services – will help close the loop in the European battery supply chain. Responsible recovery and ethical battery material supply coupled with the reduction in the CO2 footprint of battery manufacturing, perfectly fits the investment appetite of the European financial markets community.”

About Neometals Ltd  

Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. With a focus on the energy storage megatrend, the strategy focuses on de-risking and developing long life projects with strong partners and integrating down the value chain to increase margins and return value to shareholders.

Neometals has four core projects with large partners that span the battery value chain:
Recycling and Resource Recovery:

  • Lithium-ion Battery Recycling – a proprietary process for recovering cobalt and other valuable materials from spent and scrap lithium batteries. Pilot plant testing completed with plans well advanced to conduct demonstration scale trials with potential 50:50 JV partner SMS group, working towards a development decision in early 2022; and
  • Vanadium Recovery – a 27-month option to evaluate establishing a 50:50 joint venture to recover vanadium from processing by-products (“Slag”) from leading Scandinavian steel maker SSAB. Underpinned by a 10-year Slag supply agreement, a decision to develop sustainable European production of high-purity vanadium pentoxide is targeted for December 2022.

Downstream Advanced Materials:

  • Lithium Refinery Project – evaluating the development of India’s first lithium refinery to supply the battery cathode industry with potential 50:50 JV partner Manikaran Power, underpinned by a binding life-of-mine annual offtake option for 57,000 tonnes per annum of Mt Marion 6% spodumene concentrate, working towards a development decision in 2022.

Upstream Industrial Minerals:

  • Barrambie Titanium and Vanadium Project – one of the world’s highest-grade hard-rock titanium-vanadium deposits, working towards a development decision in mid-2021 with potential 50:50 JV partner IMUMR.

Find the full press release in the following link: