Well, HNR has found more battery feedstock in 12 months than NMT has found in 6 years. If fact, it's double the amount NMT currently has.
HNR could have access to 20tpd worth of feedstock.
NMT only has a 10tpd plant, after 6 - 7 years of work.
Below is from 2017.
NEOMETALS LTD (ASX:NMT) - Ann: Lithium Battery Recycling - Scoping Study Results, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
So yeah, I'm a little bit more bullish here with HNR than NMT. MB is taking their time & they have other recycling partners they could use.
Mercedes & CATL subsidiary Brunp announce battery recycling cooperation - electrive.com
Brunp Recycling and Mercedes-Benz Carry out the EV Battery Recycling Project_GUANGDONG BRUNP RECYCLING TECHNOLOGY CO.,LTD
HNR has its feedstock spread throughout Europe & the UK with different partners.
Look at how things are going over there with NMT, I think they will need HNR to pay a royalty to help keep the lights on. Where's Stelco? That's really quiet as well. It's that quiet Chris had to pump the SP with a spod ann. No expansion with Primobius or any battery recycling news whatsoever, it's "NMT has spod", yeah wow, that fills me with confidence, after torching project after project with a cash balance that's diminishing fast.
Look at the comment from the 2017 ann.
NMT should be urban mining batteries but instead, 6 years later they're heading back into spod again. After selling Mt Marion for cents on the dollar! MIN made $1B off Mt Marion last year. $1 Billion dollars!! Mt Marion is gone along with all the money from the sale & NMT doesn't have much to show for it. It's a laugh or cry situation for me really. NMT is supposed to produce battery grade chemicals & Chris wants to chase spod instead, unbelievable.
Anyway, NMT shareholders can give Chris more money to burn so he can chase rainbows & unicorns, but I won't be.
NEOMETALS LTD (ASX:NMT) - General Neometals related news, 70699030, page-3910 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
HNR is still in discussion with serval other parties for battery feedstock, meanwhile Chris & the team over at NMT are pulling out their shovels.
HANNANS LTD (ASX:HNR) - Ann: Hannans - 1st Quarter Activities & Cashflow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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