Neometals Secures Major Vanadium Offtake with Glencore, Highlighting Growth Potential

Neometals (ASX: NMT, AIM: NMT) is an emerging producer of sustainable battery materials headquartered in Australia. The company is focused on commercializing proprietary technologies to produce key battery metals such as lithium, nickel, cobalt, and vanadium in an environmentally responsible way.

The Company has signed a binding offtake agreement with commodities leader Glencore for 100% of the vanadium products from its Vanadium Recovery Project (VRP1) in Finland.

Under the deal spanning a minimum of 5 years, Glencore will purchase all the high-purity vanadium pentoxide and ferrovanadium generated by VRP1. Deliveries to Glencore are slated to start in January 2026.

The offtake agreement represents a key milestone as Neometals progresses towards a final investment decision on VRP1 this quarter. Locking in an offtake for the entire vanadium output provides revenue certainty and will aid financing efforts for the project.

VRP1 aims to sustainably produce high-grade vanadium from steelmaking by-products in Finland to meet rising demand in Europe. This includes demand from the fast-expanding vanadium redox flow battery market. The project's carbon-neutral vanadium will help support Europe's energy transition.

Glencore will also lend technical support during VRP1's development, leveraging its extensive vanadium mining experience.

The deal signals the potential of Neometals' proprietary technologies to sustainably produce battery materials vital for the global energy transition. With surging demand and supportive policies worldwide, Neometals offers exposure to the high-growth battery materials supply chain. Investors should closely track Neometals as it continues to commercialize its projects and deliver on the battery metals revolution.