Neometals Ltd (RDRUY)
Neometals Ltd operates in the Industrial Materials industry of the Basic Materials sector, headquartered in West Perth, WA, AU. The stock last traded at $0.76, up 1.27% on the session, giving a market capitalisation of $53.3M. On trailing twelve-month figures it carries a trailing P/E of -1.08, a net margin of 0.0%. Its beta of 1.29 implies it has historically moved more than the broad market.
Neometals Ltd is an Australian mineral exploration company. Its operations are structured across three primary segments: Lithium, Titanium/Vanadium, and a broader 'Other' category. The company's project portfolio features several key initiatives. This includes the Lithium-ion Battery Recycling project, which focuses on extracting valuable materials like cobalt from discarded lithium batteries. Another significant undertaking is the Vanadium Recovery project, designed to produce vanadium pentoxide by processing industrial by-products from steel manufacturing. Neometals also has a Lithium Refinery project and is developing the Barrambie Titanium and Vanadium project, situated in Western Australia. Tracing its origins, Neometals Ltd was established in 2001 and was formerly known as Reed Resources Ltd, undergoing a name change in December 2014. The company maintains its headquarters in West Perth, Australia.
Neometals Ltd is most often compared with the following Basic Materials names: