Neometals cashes out of upstream lithium with big windfall

STUNNING turnaround story Neometals is looking to sell its remaining 13.8% stake in the operating Mt Marion lithium project near Kalgoorlie for US$96 million in a deal that if transacted will cap a remarkable three years for the once teetering junior.

Neometals cashes out of upstream lithium with big windfall Neometals cashes out of upstream lithium with big windfall Neometals cashes out of upstream lithium with big windfall Neometals cashes out of upstream lithium with big windfall Neometals cashes out of upstream lithium with big windfall

Neometals’ partners at Mt Marion, ASX-listed Mineral Resources and Chinese firm Ganfeng Lithium, have pre-emptive rights to acquire the stake.