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Perth based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to .. attract investment in green energy tevhnology.

Neometals and Dusseldorf-headquartered SMS Group are due to update the market about their joint venture after the passing of a July 31 deal deadline. SMS, a leading supplier of metallurgical equipment and plants, has been in an already extended exclusive due diligence process with Neometals since October after being impressed by the potential of the Australia-developed recycling technology and the performance of a pilot plant in Canada.

The interest comes as European lawmakers and others mandate recycling and industry stewardship of lithium-ion batteries that are recognised as hazardous waste and carry a storage and transport fire risk. The issue is becoming more pressing with the first wave of electric vehicle and static storage batteries due to come to the end of their life over the next few years and with a tonne of Apple batteries containing some 600 kilograms of cobalt.

The Neometals process allows the recovery of valuable battery minerals for reuse.

In its quarterly report on Friday, Neometals said SMS had successfully completed due diligence on the pilot plant performance and the two companies were now finalising definitive transaction documents for incorporated joint venture.

Neometals, which started life as a gold play, was one of the first movers in lithium in Australia. Neometals had $81.3 million in cash and no debt at June 30 as it looks build the scalable demonstration plant, starting with two tonne a day capacity, in partnership with SMS.

The memorandum of understanding between the two describes the demonstration plant operating in a hub and spoke configuration with comminution and beneficiation at SMS sites in Germany and its hydrometallurgical plant in Austria. The memorandum also contemplates SMS constructing and operating multiple commercial scale recycling plants on behalf of the venture.

Europe's strict batteries directive applies to all types of batteries and has a 45 per cent collection and recycling target by weight with reporting mandatory.

<blockquote data-quote="Dona Ferentes" data-source="post: 1086408" data-attributes="member: 66457">Perth based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to .. attract investment in green energy tevhnology.Neometals and Dusseldorf-headquartered SMS Group are due to update the market about their joint venture after the passing of a July 31 deal deadline. SMS, a leading supplier of metallurgical equipment and plants, has been in an already extended exclusive due diligence process with Neometals since October after being impressed by the potential of the Australia-developed recycling technology and the performance of a pilot plant in Canada.The interest comes as European lawmakers and others mandate recycling and industry stewardship of lithium-ion batteries that are recognised as hazardous waste and carry a storage and transport fire risk. The issue is becoming more pressing with the first wave of electric vehicle and static storage batteries due to come to the end of their life over the next few years and with a tonne of Apple batteries containing some 600 kilograms of cobalt.The Neometals process allows the recovery of valuable battery minerals for reuse.In its quarterly report on Friday, Neometals said SMS had successfully completed due diligence on the pilot plant performance and the two companies were now finalising definitive transaction documents for incorporated joint venture.Neometals, which started life as a gold play, was one of the first movers in lithium in Australia. Neometals had $81.3 million in cash and no debt at June 30 as it looks build the scalable demonstration plant, starting with two tonne a day capacity, in partnership with SMS.The memorandum of understanding between the two describes the demonstration plant operating in a hub and spoke configuration with comminution and beneficiation at SMS sites in Germany and its hydrometallurgical plant in Austria. The memorandum also contemplates SMS constructing and operating multiple commercial scale recycling plants on behalf of the venture.Europe&#039;s strict batteries directive applies to all types of batteries and has a 45 per cent collection and recycling target by weight with reporting mandatory.</blockquote>

[QUOTE="Dona Ferentes, post: 1086408, member: 66457"] Perth based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to .. attract investment in green energy tevhnology. Neometals and Dusseldorf-headquartered SMS Group are due to update the market about their joint venture after the passing of a July 31 deal deadline. SMS, a leading supplier of metallurgical equipment and plants, has been in an already extended exclusive due diligence process with Neometals since October after being impressed by the potential of the Australia-developed recycling technology and the performance of a pilot plant in Canada. The interest comes as European lawmakers and others mandate recycling and industry stewardship of lithium-ion batteries that are recognised as hazardous waste and carry a storage and transport fire risk. The issue is becoming more pressing with the first wave of electric vehicle and static storage batteries due to come to the end of their life over the next few years and with a tonne of Apple batteries containing some 600 kilograms of cobalt. The Neometals process allows the recovery of valuable battery minerals for reuse. In its quarterly report on Friday, Neometals said SMS had successfully completed due diligence on the pilot plant performance and the two companies were [I][B]now finalising definitive transaction documents for incorporated joint venture[/B][/I]. Neometals, which started life as a gold play, was one of the first movers in lithium in Australia. Neometals had $81.3 million in cash and no debt at June 30 as it looks build the scalable demonstration plant, starting with two tonne a day capacity, in partnership with SMS. The memorandum of understanding between the two describes the demonstration plant operating in a hub and spoke configuration with comminution and beneficiation at SMS sites in Germany and its hydrometallurgical plant in Austria. The memorandum also contemplates SMS constructing and operating multiple commercial scale recycling plants on behalf of the venture. Europe's strict batteries directive applies to all types of batteries and has a 45 per cent collection and recycling target by weight with reporting mandatory. [/QUOTE]

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