Reasons to Sell, page-33

Neometals’ American peers in the battery recycling space alone are currently valued at multiples of our current market cap with Li-Cycle floating on the NYSE during the week with a market cap close to $US1.5b and Redwood is said to now have a valuation in excess of $US3b. Chris has said that a German automaker has provided feed for our trial and SMS Group recently stated that a cell maker is observing the trial also. A lot hinges on a successful trial but if they execute and Primobius lands some decent partners IMO this stock has a long way to go off the back of the battery recycling alone. Throw in the other projects with the back drop of strengthening prices for vanadium (recovery project and Barrambie), ilminitie (Barrambie), nickel (recycling and Widgie) and lithium (recycling) as well as our cash in hand (with $100m in cash I personally can’t see a capital raising anytime soon and the Reed’s have the most to lose from any dilution).

Some recent media coverage below:




Mineral sands prices are rising and ilmenite is the hot new kid on the block:
https://www.google.com/amp/s/unauth...ilmenite-is-the-hot-new-kid-on-the-block/?amp

The vanadium market is in deficit until 2024. Here are seven ASX stocks to watch:
https://www.google.com/amp/s/unauth...-2024-here-are-seven-asx-stocks-to-watch/?amp