Neometals Ltd has provided an update on its joint venture company, Primobius GmbH, and its agreements with Stelcos lithium-ion battery recycling special purpose vehicle (Stelco SPV). Stelco has extended the expiry date of Primobius' option to acquire up to 50% of its lithium-ion battery recycling business to June 30, 2025. Additionally, Primobius has amended the definition and timing of product readiness under the technology license agreement. The amendment aligns the readiness with a fully-integrated plant offer before June 30, 2025, rather than a standalone spoke followed by the hydrometallurgical refinery hub. The commercial spoke product readiness remains on track for April 2024 following the installation of the Mercedes-Benz spoke.