Sign up Australia
Proactive Investors - Run By Investors For Investors

Neometals' shares spike on positive investor sentiment in lithium sector

Neometals portfolio includes world-class lithium and titanium assets.
Neometals' shares spike on positive investor sentiment in lithium sector
The company has recently bought back over $6 million of its own stock

Neometals Ltd's (ASX:NMT) shares have been getting snapped up by investors recently, and the company has received a speeding ticket from the ASX in the form of a price and volume query.

The company's shares hit an intra-day high of $0.37 yesterday, up 8.8% from the previous session close.

The ASX also noted an increase in volume over recent days.

Neometals noted back to the exchange that it is not aware of any information not released that could explain the recent trading activity, but did however quote:

"The company notes that there has been a general increase in market sentiment for companies in the lithium sector in recent weeks with a number of companies across the sector experiencing significant share price appreciation."

Neometals currently holds a 13.8% stake in the globally-significant Mt Marion Lithium Project in Western Australia.

Minerals Resources Ltd (ASX:MIN) (43.1% stake) is the project operator and Australia’s largest contract minerals processor.

The final partner is Ganfeng Lithium (43.1% stake), which is China’s largest, most diverse lithium producer.

World-class titanium exposure

The portfolio of Neometals also includes the Barrambie Titanium Deposit in Western Australia, which is one of the world’s highest‐grade titanium deposits.

Test work recently commenced.

READ NOW: Neometals commences test work at one of the world’s highest‐grade titanium deposits

Adding further interest to the company, is its exposure to the lithium-ion batteries sector.

Neometals recently lodged an Australian provisional patent application associated with its technology to produce lithium titanate oxide for use in lithium-ion batteries.

Neometals has a dedicated subsidiary, Neomaterials Pty Ltd, to hold its interest in the intellectual property and patent applications for this advanced battery material process.

Test work results indicate performance of the material in the larger scale pouch-cell was superior to the commercially available lithium titanate, and re-confirmed in multiple coin-cell tests.

All tests had NCM cathode and LTO anode.

Neometals is well-funded with $46.5 million in cash at the end of June 2017.

View full NMT profile View Profile

Neometals Ltd Timeline

Related Articles

1538462039_Gold-bar-plus-nugget.jpg
October 02 2018
Caledonia remains on track to produce between 55,000 and 59,000 ounces of gold this year
1527013932_santana1.jpg
May 23 2018
The combination of strong management and stable assets makes the precious metals company one to watch as it continues to extend its reach
1535440480_Galantas-fourth-try.jpg
August 28 2018
Production of concentrate is now underway, as development work continues

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use