Anglo-Aussie group Neometals Ltd (ASX:NMT, OTC:NMTAY, AIM:NMT) has temporarily halted trading of its shares on the ASX to allow the company to conduct a capital raising.
The funds will be used to support its lithium-ion battery recycling project, advance research and development in lithium and vanadium recovery, further its Barrambie gold and titanium projects, and cover general corporate costs.
The trading halt will remain in place until either the company releases an announcement or ASX trading resumes on October 11. Neometals' shares on the AIM market in London are not affected by this halt.
They were flat at the open.