Director / PDMR Dealings

RNS Number : 5664Y

Neometals Ltd

07 September 2022

 

Neometals Ltd

("Neometals" or "the Company")

Director / PDMR Dealings

Emerging battery materials producer, Neometals Ltd (ASX: NMT / AIM: NMT) ("Neometals" or "the Company") advises that 239,904 Performance Rights have been issued to Managing Director, Christopher Reed and 144,919 Performance Rights have been issued to Chief Financial Officer, Jason Carone under the Company's Performance Rights Plan (PRP), as approved by shareholders on 25 November 2020.

Each Performance Right entitles the holder to a fully paid ordinary share in the Company at no cost. The Performance Rights will vest, and become exercisable for 12 months where the performance conditions have been satisfied as at 30 June 2025. For further details about the Performance Rights, including the performance conditions that determine the extent of any vesting, refer to the Company's 2020 Notice of Annual General Meeting.

The updated interest of Mr Reed and Mr Carone (following the issue of Performance Rights pursuant to the PRP) in the share capital of the Company are as follows:

PDMR	New performance rights	Vested performance rights	Total performance rights*	Total shares (direct and indirect)
Christopher Reed	239,904	-	2,717,311	7,868,589
Jason Carone	144,919	394,668	1,540,194	515,000

*Includes both vested and unvested PRP Performance Rights which remain subject to vesting conditions.

As a result of the issue of Performance Rights to Mr Reed and Mr Carone and a further grant of 1,135,203 Performance Rights to Eligible Persons of the Company entitled to participate in the PRP, the Company has the following securities on issue:

· 552,346,508 fully paid ordinary shares.

· 13,028,598 performance rights issued pursuant to the terms of the PRP, comprising:

o  394,668 vested performance rights, which remain subject to exercise; and

o  12,633,930 unvested performance rights, which are subject to performance testing in accordance with their terms of issue.

The above figure of 552,346,508 ordinary shares on issue may be used by shareholders as the denominator for calculations when determining if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Authorised on behalf of Neometals by Christopher Reed, Managing Director

ENDS

For more information, please contact:

Neometals Ltd
Chris Reed, Managing Director & Chief Executive Officer	[phone]
Jeremy McManus, General Manager - Commercial & Investor Relations	[phone]
Cenkos Securities plc - NOMAD & Broker
Neil McDonald	[phone]
Peter Lynch	[phone]
Adam Rae	[phone]
Camarco PR	+ 44(0) 20 3 757 4980
Gordon Poole
Charlotte Hollinshead
Lily Pettifar

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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Christopher Reed
2.	Reason for the notification
a)	Position/status:	Managing Director
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Neometals Ltd
b)	LEI:	254900WO0PDVL8V1PY78
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	239,904
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	5 September 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Jason Carone
2.	Reason for the notification
a)	Position/status:	Chief Financial Officer
b)	Initial notification/Amendment:	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Neometals Ltd
b)	LEI:	254900WO0PDVL8V1PY78
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: Identification code:	Performance Rights AU000000NMT1
b)	Nature of the transaction:	Grant of Performance Rights
c)	Price(s) and volume(s):	Price	Volume
		Nil	144,919
d)	Aggregated information: Aggregated volume: Price:	N/A
e)	Date of the transaction:	5 September 2022
f)	Place of the transaction:	London Stock Exchange, AIM (LON:NMT)

 

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