Neometals Ltd (ASX:NMT) is a near-term lithium oxide mineral producer from the Mt Marion Project in Western Australia.
Neometals holds 26.9%, with Ganfeng Lithium 43.1% and Mineral Resources Ltd (ASX:MIN) 30% and Operator. Shares in Neometals last traded at $0.36, or around 8-times higher than 12-months ago.
The company also has a significant cash war-chest that could allow it to run potential corporate transactions under the microscope.
Apart from the shareholding in the Mt Marion Project, Neometals will have a 70% shareholding in Reed Advanced Materials Pty Ltd, owner of the patented ELi process to produce lithium hydroxide directly from spodumene concentrates.
Meet Chris Reed, managing director, at Proactive's Spotlight CEO Sessions in Melbourne and Sydney in April 2016
Melbourne Investor Sessions, Tuesday, 12th April.
Sydney Investor Sessions FINAL 3 SEATS, Wednesday 13th April. Click here to contact Pauline if you wish to attend.
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