Neometals Ceases Vanadium Recovery Project Construction In Finland

BEIJING (Asian Metal) 1 Nov 23 – Innovative battery materials recycler, Neometals Ltd (“Neometals” or “the Company”), advises that it has provided its partner in the Finnish vanadium recovery project (“VRP1”), Critical Metals Ltd (“Critical Metals”), with notice that it does not wish to proceed with the construction of a vanadium recovery facility. Despite the potential lowest-quartile operating cost and low-carbon footprint, the state of the global financial markets dictate that the Company preserves its cash balance and not contribute further material funding to VRP1 evaluation activities.

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