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Why Is Neometals Selling Its Stake in Battery Recycling for €5 Million?
7:04pm on Thursday 7th of August, 2025 AEST
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Why Is Neometals Selling Its Stake in Battery Recycling for €5 Million?
7:04pm on Thursday 7th of August, 2025 AEST
Key Points
Neometals to divest 50% interests in Primobius and patented LiB recycling tech
Deal includes €5 million cash plus royalties capped at €7 million
Transaction subject to regulatory and SMS shareholder approvals
Move frees capital for Neometals to pursue lower-risk, cash-generative projects
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