Neometals Ltd (AU:NMT) has released an update.
Neometals Ltd, an innovative sustainable process technology developer, has secured an option to acquire an 80% stake in a U.S. company focused on precious metals recovery from industrial waste. The potential $10 million deal aligns with Neometals’ strategy to diversify its portfolio and enhance its cash generation from recycling operations. The company’s technical team is conducting due diligence and test work programs to evaluate the feasibility and profitability of the technology involved before committing to the acquisition.
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