- Neometals (NMT) joint venture company, Primobius, secures a permit to begin commercial operations at its lithium ion battery recycling facility in Germany
- The permit comes under the Federal Immission Control Act, which applies to construction and operation of installations to prevent and reduce environmental impacts
- This enables commercial operations to begin at the 10-tonnes per day recycling facility, which the company expects to start in mid-May
- Shares last traded at $1.77 on April 21
Neometals (NMT) joint venture company, Primobius, has secured a permit to begin commercial operations at its lithium ion battery recycling facility in Germany.
NMT owns a 50 per cent interest in Primobius through a joint venture with SMS Group.
The new permit falls under the Federal Immission Control Act which applies to the construction and operation of ‘installations’ to prevent and reduce harmful environmental effects caused by emissions to air, water and soil.
It will enable Primobius to start commercial operations at its 10-tonne per day commercial lithium-ion battery recycling facility in Hilchenbach, Germany.
Primobius is reportedly receiving and storing EV battery modules from its disposal service
customer, ahead of the commencement of operations in mid-May.
The company expects the 10-tonne per day shredding plant to generate near-term revenue, while 50-tonne per day operations are subject to engineering cost studies, set to be complete by June 30.
In addition to the permit, Primobius is about to deliver its first intermediate active material product which was produced during demonstration trials, to a German metal recycler next week.
Further delivery of bulk samples from commercial operations to multiple parties is planned for evaluation of larger, longer-term offtake arrangements.
The company said sales of the active material product will precede hydrometallurgical refining until the required facilities have been constructed and commissioned.
Neometals shares last traded at $1.77 on April 21.