Neometals confident of battery recycling venture

FOUNDERS of Neometals have sold about A$5 million worth of shares to an institutional investor as the unconventional resources company today released details of a potential lithium battery recycling business.

Neometals confident of battery recycling venture Neometals confident of battery recycling venture Neometals confident of battery recycling venture Neometals confident of battery recycling venture Neometals confident of battery recycling venture

The 50:50 joint venture (called Primobius) with German company SMS estimates it could cost US$165 million to build an 18,250t per annum recycling operation that would have an operating cost of $1560/t