Mt Marion divestment bolsters Neometals cash

ASX-listed Neometals on Tuesday resumed trading following the A$104-million divestment of its interest in the Mt Marion lithium operation, in Western Australia, pausing the need for a demerger of the company’s non-lithium assets. The company sold of its 13.8% interest in the project to its joint venture partners Gangfeng Lithium Company and Mineral Resources.