Neometals - Transforming global markets with all of my partners
Matthew Gordon, Ptolemy Capital
We get an update from Reed as to how Neometals portfolio of projects are progressing. They have converted from miners to project developers following the EV thematic. They are rather good at taking complex problems that are challenging and working out how to commercialise it efficiently.
Reed is a sharp and driven individual, who has built an eco-system of smart people around him to deliver financially sustainable solutions. Neometals made its money with a Lithium mining project, Mt Marion in Australia, and timed their exit beautifully. They pocketed c.AUD$130M, and has returned c. AUD$45M to shareholders in the shape of dividends. And they have retained an option on the Lithium spodumene component which will be a revenue stream for them at the point the market comes back. A smart piece of negotiations. And that typifies their approach to business.
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