Neometals and Rio Tinto Forge MoU to Validate Game-Changing ELi Lithium Process

• Non-binding MoU between Reed Advanced Materials and Rio Tinto for ELi Process validation
• ELi Process offers major operating cost reductions by minimizing chemical reagent use
• Successful pilot trials converting Rio Tinto’s Rincon brines to battery-grade lithium hydroxide
• Potential for Rio Tinto to fund optimization and demonstration plant design