AND HERE IS THE 1st PAGE of 631 December 2021 ACN 099 116...

AND HERE IS THE 1st PAGE of 6

31 December 2021 ACN 099 116 361
[email protected]
neometals.com.au
PRIMOBIUS TO ENTER NORTH AMERICA WITH STELCO FOR RECYCLING OF ELECTRIC VEHICLE BATTERIES
HIGHLIGHTS
• Primobius executes agreementsto commercialise its recycling technology into North America, the fastest growing lithium battery production region, with leading Canadian steelmaker StelcoHoldingsInc. (TSX: STLC);
• Stelco plans to secure large volumes of end-of-life vehicles to source scrap steel feedstocks and recycle lithium-ion batteries in a proposed 50tpd integrated operation at its Lake Erie Works;
• Primobius will licence a Stelco battery recycling special purpose vehicle and hold an option to acquire between 25% and 50% equity by contributing its pro-rata share of sunk evaluation and development costs; and • Allows Stelco to focus on feedstock and approval activities and Primobius on its demonstration trials, engineering studies and 10tpd commercial disposal operation in Hilchenbach, Germany.
Innovative project development company, Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce that Primobius GmbH (“Primobius”), the joint venture (“JV”) company owned 50:50 by Neometals and SMS group GmbH (“SMS”), has executed binding option and licencing agreements(“Formal Agreements”) with Stelco Inc. (“Stelco”) and a whollyowned subsidiary of Stelco. Stelco is a wholly-owned subsidiary of Stelco Holdings Inc., a Toronto Stock Exchange listed steelmaking company headquartered in Hamilton, Ontario.
CONTINUES WITH Diagrams showing relationship between Stelco and the Electric Vehicle (Automotive OEM) value chain etc.
GLAH Mal & a Happy & Prosperous New Year