The recent NMT announcement is good for Hannans Ltd, because it...

The recent NMT announcement is good for Hannans Ltd, because it highlights the outstanding results achieved in the demonstration plant trials of process improvements to the hydrometallurgical refining flowsheet.

These improvements have resulted in high recoveries of nickel, cobalt, and copper, with pending results for lithium recovery. This success positions Primobius, the joint venture company between Neometals and SMS group GmbH, as a leading lithium-ion battery recycling technology provider.

The positive test work results will be incorporated into the engineering cost study for a proposed 50tpd commercial-scale integrated recycling plant. This study is expected to be completed and announced in July 2023, which will further solidify the viability and potential of the recycling operation. Hannans Ltd can benefit from this development by leveraging its partnership with Neometals and potentially participating in the supply chain or other business opportunities related to the recycling plant.

Additionally, the announcement mentions that front-end engineering and mechanical package supply contracts for a 10tpd Mercedes Benz Spoke facility are in the concluding stages. Hannans Ltd, as a partner of Neometals, can potentially benefit from these contracts and the advanced activities related to the Mercedes Benz hub. This indicates the progress and growth of Primobius' business development pipeline, which presents further opportunities for Hannans Ltd's involvement.Overall, the announcement signifies the advancements made by Primobius in its recycling technology and the potential for commercial success.

Hannans Ltd, as a smaller partner of Neometals, stands to benefit from these developments and may find opportunities for collaboration and participation in the growing Primobius business.