Battery Recycling Project, Europe
Lithium-ion battery recycling involves shredding, sorting and refining to make the batteries safe and to recover valuable metals for reuse.
ACN 630 589 507 Pty Ltd (ACN 630) (a wholly owned Australian subsidiary of ASX listed Neometals Ltd) has developed a proprietary, sustainable process for the recovery of valuable constituents from cell production scrap and end-of-life LiBs. The process targets the recovery of valuable materials from consumer electronic batteries (devices with lithium cobalt oxide cathodes) and nickel-rich electric vehicle and stationary storage battery chemistries (lithium-nickel-manganese-cobalt cathode).
ACN 630 is the owner and head licensor of the patent applications and associated know-how that underpins this process (the Technology).
The Technology has been the subject of five years of research and development by Neometals, including bench and pilot trials, feasibility studies and engineering. This has culminated in a recycling commercialisation joint venture (“Primobius GmbH”) between Neometals and large privately owned German engineering firm SMS Group GmbH (SMS). The Technology has been substantially de-risked.
The transactions entered by Hannans give it the license to commercialise the technology in Norway, Sweden, Denmark, Finland, the UK, Ireland, Italy and South-eastern Europe.
Hannans shareholders are therefore poised to benefit from long-term ongoing research and development investment into the Technology. Hannans believes these attributes significantly increase the potential for the commercialisation strategy to be successfully executed. The Technology enables battery cell manufacturers to close the loop, deliver safe, responsible and cost-effective products and eliminate waste.
|August 9, 2023
|October 12, 2022
|Relisting on ASX & Lithium Battery Recycling in Europe
|July 28, 2022
|Improved Acquisition Agreement