03
June 2024
Neometals
Ltd
("Neometals" or "the
Company")
Appointment of Chief
Financial Officer
Sustainable process technology
developer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), advises it has appointed
Mr Chris Kelsall as Chief Financial Officer, effective 1 July 2024,
following an extensive executive search.
Mr Kelsall replaces Neometals' long
serving Chief Financial Officer and Company Secretary, Mr Jason
Carone who has resigned from his role after almost 17 years to
pursue new opportunities.
Mr Kelsall is exceptionally well placed to support the business to
achieve its strategic objectives. Chris has strong financing,
commercial, financial analysis and planning, and operational risk
management skills. He is a seasoned executive and finance leader
who brings over 30 years of experience
spanning corporate finance, energy, cleantech, resources and
commercial law, including:
· 15
years' global investment banking experience, successfully
structuring and executing corporate financing and capital markets
transactions in Australia, Europe and Asia;
· 5
years as Finance Director and Company Secretary at the LSE AIM
listed oil and gas explorer and developer, Mediterranean Oil &
Gas plc; and,
· 2
years as CFO and CEO at the fusion energy technology developer,
Tokamak Energy Limited.
Neometals Managing Director Chris
Reed said:
"We warmly welcome Chris to the executive team. His extensive
international experience will be invaluable as the Company
commercialises its portfolio of sustainable processing solutions
that recycle and recover critical materials from high-value waste
streams.
I
would like to sincerely thank Jason for his dedicated service and
significant contribution to the Company over the past 17 years.
Jason has played an integral role in our transition and growth from
hard rock miner to urban miner. The board, staff and I are
extremely grateful and wish Jason all the best in his future
endeavours."
Authorised for release by the Board
of Neometals Ltd.
-ENDS-
For more information, please
contact:
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Neometals Ltd
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Chris Reed, Managing Director &
Chief Executive Officer
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+61 8 9322 1182
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Jeremy McManus, General Manager - IP
& IR
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+61 8 9322 1182
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Cavendish Capital Markets Ltd - NOMAD &
Broker
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Neil McDonald
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+44 (0)131 220 9771
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Peter Lynch
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+44 (0)131 220 9772
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Adam Rae
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+44 (0)131 220 9778
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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.
Additionally, Neometals is
conducting due diligence on acquiring a proprietary process and
pilot plant to produce precious metals from waste.
For further information
visit www.neometals.com.au