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 $0.39, or around 9-times higher than 12-months ago.
The company also has a significant cash war-chest.
Today Neometals confirmed that in accordance with the revised completion arrangements agreed with Ganfeng Lithium Co. Ltd, as announced to the ASX on 18 February 2016, the completion of the sale and release of the remaining US$13.575 million to Neometals occurred on 31 March 2016.
Investor Roadshow
Neometals also outlined it will be presenting to investors in Melbourne and Sydney.
Click on the city for more details:
Melbourne Investor Luncheon, Tuesday, 12th April.
Sydney Investor Luncheon, Wednesday 13th April.
Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.