Neometals advances ELi™ technology

Neometals (ASX:NMT) has successfully completed the pilot stage of its ELi™ electrolysis technology. The trial produced high-purity lithium hydroxide monohydrate crystals, showcasing the efficiency and durability of the process. This development positions the technology for industrial validation and potential commercialization.

Neometals' strategic ELi™ advancements

Neometals' successful ELi™ pilot trial marks a significant step forward in lithium extraction technology. The process, developed with Reed Advanced Materials, demonstrated high efficiency and potential cost savings, making it a strong candidate for commercialization. The company plans to select industrial partners and proceed to demonstration plant trials, aiming to leverage its intellectual property for royalty income through a low-capital, low-risk licensing model. Neometals remains committed to sustainable practices and expanding its technological reach in the lithium and vanadium sectors.

Executive insights on ELi™ success

The pilot stage of the ELi™ technology has exceeded our expectations by demonstrating significant potential for cost reduction and sustainability in lithium extraction. This positions us well for industrial validation and future commercialization.