By Kyle Morris

Neometals Ltd. said Friday that it has secured a cooperation agreement for a recycling plant with a Mercedes-Benz subsidiary.

The mineral project developer said the agreement for its battery recycling joint venture Primobius is conditional upon Mercedes-Benz's subsidiary Licular issuing a purchase order for the engineering, supply and installation of the necessary equipment for the recycling plant.

The agreement follows a Mercedes-Benz statement in March, highlighting Primobius as its technology partner for the design and construction of a lithium-ion battery recycling plant.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

May 13, 2022 02:51 ET (06:51 GMT)

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