Dec 10 (Reuters) - Neometals Ltd NMT.AX :
* Secures exclusive rights to proprietary technology NMT.AX
* All revenue received from the commercialisation of the technology will be split 25:75 between nmt and the owners of the technology"
* Entered into binding term sheet for global exclusive licence of proprietary technology
* nmt is in discussions to form a strategic alliance agreement to provide a platform for the commercialisation of the technology
* Says nmt will also make a US$250,000 upfront payment to the technology owners, to be recovered from future royalty payments
* Non-exclusive licence for barrambie to be transferred into new arrangement reducing technology royalty cost to project from 5 to 3.75%
* Source text for Eikon ID:nASX4dH4yW