Neometals Limited (ASX:NMT)
says that it has entered into formal agreements for an exclusive licence of technology for the extraction and recovery of metals and minerals.
The arrangement will mean subsidiary Alphamet Management will be responsible for the commercialization of the product for a 25 per cent share of proceeds.
A strategic alliance with Sedgman will work to provide a commercial platform.
The global licence does exclude China and Russia as well as certain parts of Canada where an existing licence remains in place.
Neometals reported a net profit of $23.86 million to the end of December 2015.