Neometals Regulatory News (NMT)

RNS REACH

14 October 2022

Neometals Ltd

("Neometals" or "the Company")

Winner of Best Technology AIM Award

Emerging sustainable battery materials producer, Neometals Ltd (ASX & AIM: NMT) ("Neometals" or "the Company") is pleased to announce that is has won the "Best Technology Award" at the AIM Awards. The AIM Awards, in association with the London Stock Exchange, identify the quoted companies and entrepreneurs who have harnessed AIM to help them fulfill their ambition and growth potential in the last 12 months. The best technology award is awarded to a company that reflects the innovation and entrepreneurial skills that are the cornerstone of AIM culture.

Chris Reed, Managing Director of Neometals, commented:

"We are delighted to receive the Best Technology Award at this year's AIM Awards. Since listing on AIM in February, we have been well received by the London market and today, we offer our shareholders exposure to a diversified portfolio of projects which will produce the critical materials needed by the electric vehicle and energy storage sectors. Through these projects, we are commercialising our proprietary green processing technologies that are intended to support decarbonising those supply chains.

I would like to take this time to also thank all of the Neometals/SMS/Primobius teams and our advisers for continuing to help drive forward the transition to delivering the minerals and advanced materials essential for a sustainable future."

ENDS

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About Neometals

Neometals' focus is the continuous development and commercialisation of our proprietary innovative technologies with strong global partners to generate value through sustainable production of battery materials. Decarbonisation, sustainability and resilient supply chains are the key challenges for the energy storage and electric vehicle supply chain. Our technologies, particularly those in battery materials recycling and recovery, reduce reliance on traditional mining and processing, and support circular economic principles.

Neometals has three core battery materials businesses commercialising proprietary, low-cost, low-carbon process technologies:

· Lithium-ion Battery ("LIB") Recycling (50% equity) - to produce nickel, cobalt and lithium from production scrap and end-of-life LIBs in an incorporated JV with leading global plant builder SMS group. The Primobius JV is operating a commercial disposal service at its 10tpd Shredding 'Spoke' in Germany and is the recycling technology partner to Mercedes Benz. Primobius' first 50tpd operation will be in partnership with Stelco in Canada is expected to reach investment decision in Dec 2022;

· Vanadium Recovery (earning 50% equity) - to produce high-purity vanadium pentoxide via processing of steelmaking by-product ("Slag"). Finalising evaluation studies on a 300,000tpa operation in Pori, Finland and a potential JV with Critical Metals, underpinned by a 2Mt, 10-year Slag supply agreement (together with potential availability of a further 1.1Mt) with leading Scandinavian steelmaker SSAB. Investment decision expected end Dec 2022. MOU with H2Green Steel for up to 4Mt of Slag underpins a potential second operation in Boden, Sweden; and

· Lithium Chemicals (earning 35% equity) - to produce battery quality lithium hydroxide from brine and/or hard-rock feedstocks using RAM's patented ELi® electrolysis process. Co-funding pilot plant and evaluation studies on a 20,000tpa operation in Estarreja, Portugal in a 50:50 JV between RAM (70% NMT, 30% Mineral Resources Ltd) and Portugal's largest chemical producer Bondalti Chemicals S.A. Investment decision expected Dec 2023.

For further information visit www.neometals.com.au.