# Primobius and Stelco extend option agreements for LiB recycling plant

Primobius GmbH, a joint venture of Neometals and SMS group, revised its technology license and option agreements with Stelco Holdings Inc., extending the option exercise timeline for Primobius to acquire 25-50% equity in Stelco's SPV for a lithium-ion battery recycling plant in Hamilton, Canada.

- Type: Contract
- Announced: 2023-01-06
- Where: Hamilton, Ontario, Canada
- Status: announced
- Capacity: 50 tonnes per day
- Products: lithium-ion battery recycling services
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Primobius](https://endata.com/companies/55483.md)
- [SMS group](https://endata.com/companies/2366.md) (partner)
- [Stelco](https://endata.com/companies/25295.md) (customer)
- [Neometals](https://endata.com/companies/60018.md) (partner)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/neometals-ltd-npv-di---nmt/primobius-commercial-update/7342356), 2023-01-06: "Primobius has the right to acquire between 25% and 50% of the equity in the Stelco SPV (a Canadian domiciled corporation) on or before 31 December 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.