Neometals Ltd (ASX:NMT) continues its on-market buy-back, and has now purchased over 21.5 million shares for circa $6 million.
Neometals currently holds a 13.8% stake in the globally-significant Mt Marion Lithium Project in Western Australia.
Minerals Resources Ltd (ASX:MIN) (43.1% stake) is the project operator and Australia’s largest contract minerals processor.
The final partner is Ganfeng Lithium (43.1% stake), which is China’s largest, most diverse lithium producer.