Neometals Regulatory News (NMT)

Neometals Ltd

("Neometals" or "the Company")

Appointment of Joint Company Secretary

The Directors of innovative project development company Neometals Ltd (ASX: NMT / AIM: NMT) ("Neometals" or "the Company") are pleased to announce the appointment of Ms Rachel Rees as Joint Company Secretary. Ms Rees' has been appointed for approximately 4 months whilst the Chief Financial Officer / Company Secretary Mr Jason Carone takes long service leave. Ms Rees brings to Neometals over 25 years' experience as a Chief Financial Officer, Company Secretary and Non-Executive Director for both ASX and TSX listed companies across diverse industries.

ENDS

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About Neometals

Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. We leverage our proprietary, green process technologies to generate battery materials projects with unparalleled exposure to commodities most impacted by the energy storage megatrend.

We build value, de-risk and develop these long-life projects with strong partners having a strategic focus on increasing margins through integration down the value chain. We have a growing suite of sustainable downstream, recovery and recycling projects, supporting the global transition to more circular supply chains and cleaner energy.

Our core projects are:

Downstream Materials Processing:

· Lithium-ion Battery Recycling -commercialising a proprietary process for recovering nickel, cobalt and other valuable materials from spent and scrap lithium-ion batteries through a 50:50 incorporated JV with SMS group called Primobius GmbH. Primobius is targeting commencement of a 10tpd principal German commercial shredding operation during H1 2022. Development decision on larger 50tpd LIB Recycling plants in H2 2022;

· Vanadium Recovery - sole funding evaluation studies for a 50:50 joint venture with Critical Metals Ltd to recover high-purity vanadium pentoxide from processing steelmaking by-products ("Slag") from leading Scandinavian steelmaker SSAB. Underpinned by a 10-year Slag supply agreement, Neometals is targeting an investment decision to develop a commercial-scale processing plant in Dec 2022; and

· Lithium Chemicals - commercialising a proprietary process ("ELi®") to produce lithium hydroxide from lithium solutions (lithium chloride) using electrolysis to avoid costly and carbon intensive reagents used in traditional chemical conversion. Technology 70:30% owned by Neometals and Mineral Resources Limited. Bondalti Chemicals S.A is co-funding and piloting the process in Portugal as part of potential 50:50 JV in European Union.

Upstream Mineral Extraction:

· Barrambie Titanium and Vanadium Project - one of the world's highest-grade hard-rock titanium-vanadium deposits. Working towards a development decision in Dec 2022 with potential operating JV partner IMUMR and potential cornerstone product off-taker, Jiuxing Titanium Materials Co.