Australia-based NewPeak Metals has announced the sale of its Finland and New Zealand gold permits as part of the company’s strategic rejuvenation plan to focus on battery and critical metals.
The ASX-listed company on Monday announced a binding term sheet to sell 100% of its interest in its Finnish subsidiary companies to Canco – a Canadian unlisted private company, run by resource entrepreneur Emma Fairhurst.
Australia’s Neometals Ltd said on Wednesday that its battery recycling joint venture will build a battery shredding plant in southern Germany for Mercedes-Benz.
The deal by Primobius, which is 50% owned by Neometals and 50% by German engineering firm SMS Group, represents its first commercial recycling plant supply agreement to a global automaker, it said in a statement to the ASX.
Using Primobius technology, the plant will provide shredded battery material to the Mercedes LIB Recycling Plant, which will recover materials including lithium, cobalt, nickel and manganese.
This will be fed back into production of a targeted 50,000 battery modules for installation into new Mercedes vehicles.
Primobius will be responsible for the engineering, equipment supply and installation of the plant, the company said in a statement.