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Neometals admitted to Nasdaq International Designation

The company’s Level 1 ADRs have met US requisite standards.

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The program supports companies in innovative industries

Neometals Ltd (ASX:NMT) has been admitted to the Nasdaq International Designation which supports companies in innovative industries.

The company’s Level 1 American Depository Receipts (ADRs) have traded in the US over the counter (OTC) market since 2010.

As the ADRs have met requisite standards, Neometals has been admitted to the Nasdaq International Designation.

READ: Neometals shares continue to rise on titanium assays

The program is for non US-based companies that have Level 1 ADRs or shares that trade in the OTC market.

It provides member companies with full service from Nasdaq including investor relations and greater access to US investors.

Members come from Australia, Japan, Germany, Brazil, Canada, the UK and the Netherlands.

READ: Neometals' shares spike on positive investor sentiment in lithium sector

Neometals wholly owns the Barrambie Titanium Project and has a 13.8% interest in the Mt Marion Lithium Project, both in Western Australia.

The company has also developed technology to enhance production of its specialty metals.

Quick facts: Neometals Ltd

Price: 0.365 AUD

ASX:NMT
Market: ASX
Market Cap: $199.05 m
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Neometals secures lithium offtake and potential feedstock from Mt Marion...

Neometals Ltd (ASX:NMT) managing director Chris Reed updates Proactive Investors on the lithium developer’s recent divestment of its Mt Marion Lithium Project for $103.8 million.   As part of the sale agreement, Neometals has secured a binding life-of-mine annual offtake option...

on 27/3/19

2 min read