Energy, Power & Resources
Neometals
Year
2024
Transaction type
Equity Capital Markets & Corporate Broking
Sector
Energy, Power & Resources
“We are pleased to close the placement oversubscribed and welcome the support of new domestic institutions and sophisticated investors alike. This funding ensures that our flagship business is well-funded to deliver on its current and future purchase orders, marking a significant milestone in our journey.”
Chris Reed
Managing Director
Neometals
Cavendish is pleased to have acted as nominated adviser, joint broker and co-manager to Neometals Ltd on its oversubscribed A$9 million equity raise, providing funding to advance sustainable battery materials projects including lithium-ion recycling, lithium chemicals production, and vanadium recovery from steel waste.
Neil McDonald at Cavendish commented:
“Neometals’ oversubscribed placement is a testament to the market’s confidence in their vision and capabilities. We are proud to have played a role in helping secure the necessary funding for Neometals to pursue its strategic initiatives.”
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