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Neometals (ASX:NMT) JV completes commissioning of demonstration plant

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ASX:NMT      MCAP $62.28M
26 October 2021 10:45 (AEST)

Primobius Demonstration Plant from Neometals. Source: Hannans

Neometals’ (NMT) joint venture company has completed commissioning of its showcase lithium-ion battery recycling demonstration plant in Hilchenbach, Germany.    

Primobius, the joint venture company owned 50:50 by Neometals and SMS Group, has wet commissioned Stage 2 leaching, purification and recovery circuits.  

Intermediate active material produced during the first stage has also been leached, purified and individual sulphate solutions of copper, manganese, cobalt, nickel and lithium were recovered through solvent extraction.

Following this, the company aims to kick off the demonstration plant’s trial for electric vehicle lithium-ion batteries in early November to generate data for a feasibility study.

The trials aim to confirm the technical feasibility of the Primobius recycling flowsheet on a continuous, fully integrated basis while demonstrating the safe, efficient, and green recycling process to potential feedstock supply and product offtake partners.  

Neometals Managing Director Chris Reed said this marks an important milestone for Primobius.

“The demonstration trial is the conclusive phase of our evaluation with SMS and represents the key step in bringing our pipeline of potential plants into commercial reality,” Mr Reed said.

“Inbound interest from the global EV supply chain in our efficient, green recycling process is exceptional.

“This interest coupled with the scalability and deliverability from our partnership with a leading global plant builder in SMS, augurs well for the achievement of our goal to become the leading recycling solution in the Western world.”

If the trials are successful and the feasibility study is complete, the company hopes it will see the Primobius recycling operation commence in the March quarter of 2022.  

Neometals is up 7.34 per cent to 95c at 11:00 am AEDT.

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