28th Feb 2022 14:39
Neometals Ltd - London-based battery materials from upstream extraction and downstream processing - Starts trading on AIM market in London on Monday after initial public offering. The AIM listing is intended to raise profile among investors in UK and Europe, the location of several core projects. No new capital is raised in the London IPO, which was led by Cenkos Securities as nominated adviser and broker. Neometals remains listed in Sydney as well.
"With this listing, we look forward to broadening our shareholder base by offering a differentiated investment opportunity and provide UK and European investors with a way to gain exposure to projects at the heart of recycling and decarbonising supply chains associated with the electric vehicle and energy storage sectors," says Chief Executive Officer Chris Reed. "With a number of our core projects moving towards final investment decisions during 2022, we have an exciting year, full of value transformative events ahead of us."
Current stock price in Sydney: AUD1.34, closing up 6.8% on Monday
12-month change: up from AUD0.34
By Tom Waite; [email protected]
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