Emerging battery materials producer Neometals Ltd has provided an update on the lithium-ion battery recycling commercialization activities of Primobius GmbH, the joint venture company owned 50:50 by Neometals and SMS group GmbH. Primobius' focus on the continued ramp-up of Primobius' commercial disposal facility in Hilchenbach in Germany and its engineering obligations under its commercial agreements has resulted in delays to completion of the Company's internal Engineering and Cost study. The original ECS contemplated the construction and operation of a 50 tonnes per day integrated UB recycling plant at a greenfield site in Kaiserslautern in Germany, with the results forming baseline financial metrics to consider future investment decisions for their deployment globally.The ECS will now be delivered in two parts, aligned to Primobius' staged commercial rollout plan comprising individual shredding and hydrometallurgical refining plants, Spoke ECS and Hub ECS" respectively. The Spoke ECS will be completed in July and the Hub ECS is targeted for delivery in the December quarter 2022.LITHIUM-ION BATTERY RECYCLING UPDATE• Primobius' Engineering and Cost Study for a SOtpd lithium-ion battery shredding 'Spoke' expected end of July 2022 and refinery 'Hub' study in DecQ 2022;• Cost study delays due to Primobius' focus on ramp-up of its Hilchenbach Spoke operation and engineering obligations associated with the Mercedes/UCULAR and Stelco agreements; and• Completion of front-end engineering will precede the offer of equipment supply agreements for both lOtpd Mercedes/UCULAR and 50tpd Stelco Spokes in December 2022.
Emerging battery materials producer Neometals Ltd has provided an update on the lithium-ion battery recycling commercialization activities of Primobius GmbH, the joint venture company owned 50:50 by Neometals and SMS group GmbH. Primobius' focus on the continued ramp-up of Primobius' commercial disposal facility in Hilchenbach in Germany and its engineering obligations under its commercial agreements has resulted in delays to completion of the Company's internal Engineering and Cost study. The original ECS contemplated the construction and operation of a 50 tonnes per day integrated UB recycling plant at a greenfield site in Kaiserslautern in Germany, with the results forming baseline financial metrics to consider future investment decisions for their deployment globally.The ECS will now be delivered in two parts, aligned to Primobius' staged commercial rollout plan comprising individual shredding and hydrometallurgical refining plants, Spoke ECS and Hub ECS" respectively. The Spoke ECS will be completed in July and the Hub ECS is targeted for delivery in the December quarter 2022.LITHIUM-ION BATTERY RECYCLING UPDATE• Primobius' Engineering and Cost Study for a SOtpd lithium-ion battery shredding 'Spoke' expected end of July 2022 and refinery 'Hub' study in DecQ 2022;• Cost study delays due to Primobius' focus on ramp-up of its Hilchenbach Spoke operation and engineering obligations associated with the Mercedes/UCULAR and Stelco agreements; and• Completion of front-end engineering will precede the offer of equipment supply agreements for both lOtpd Mercedes/UCULAR and 50tpd Stelco Spokes in December 2022.
