Monday 14 February 2022 12:36 pm
An Australian metal recycling firm which recovers metals for use in lithium batteries is set to announce a London listing, as demand for electric vehicles continues to surge.
Neometals, which is already listed in Australia at a valuation of about £400m, is now expected to seek a dual listing on London secondary Aim market, The Times reported today.
The firm is not yet a revenue generating business but is developing a series of plants around Europe including a lithium battery recycling plant in Germany, expected to become operational in late March.
Bosses are also eyeing up plans to launch bigger plants in Europe and North America.
Neometals boss Chris Reed described the firm as a “new age urban miner”.
He told the Times: “It’s like the Wombles of Wimbledon, making good use of the things…