Neometals (ASX: NMT) – Vanadium Recycling Project Adds Even More Excitement

Neometals Ltd.
  • ASX: NMT
  • Shares Outstanding: 545M
  • Share price A$0.17 (14.04.2020)
  • Market Cap: A$90M

In this latest update with project developer, Neometals, CEO Chris Reed shone a light on the company’s latest exciting project: vanadium recycling. He was accompanied by Darren Townsend, Chief Development Officer, and David Robinson, General Manager. 

We are big fans of the Neometals project development story. Last year, we interviewed General Manager, Jeremy Mcmanus, in London. We’ve followed the Neometals story with much intrigue for several years and have been thoroughly impressed.

This time, it’s an incredibly smart play. The project is a vanadium recycling 50:50 JV with a Scandinavian mineral development company, Critical Metals. The agreement allows the two parties to consider jointly developing a recycling facility to recover and process high-grade vanadium products from vanadium-bearing steel by-product in Scandinavia.

The project is green with no mining cost or risk. The potential upside is incredibly exciting, and all from a small A$5M outlay.

We discuss:

  1. Company Overview
  2. An Innovative Business Model
  3. Agreement with Critical Metals
  4. Tailings vs Slag
  5. V for Volatile Vanadium
  6. A Different Approach to Vanadium Mining
  7. Green Mining Approaches: Recycling is Key
  8. Impact of COVID-19 on the Business

Company Website: https://www.neometals.com.au/

If you see something in this article that you agree with, or even disagree with, please let us know in the comments below.

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