Lithium-Ion Battery Recycling MOU Between SMS Group and Neometals

Neometals has signed a memorandum of understanding with German firm SMS Group to jointly fund and evaluate research on a lithium-ion battery recycling technology.

SMS has exclusive due diligence period to test Neometal’s recycling technology, which will include the design, manufacture and operation of a two tonne per day demonstration-scale plant at SMS’ sites in Germany and Austria.