Here’s why the Neometals (ASX:NMT) share price is running higher

The Neometals Ltd (ASX: NMT) share price is up today after the company announced that its Chinese partner, IMUMR, has started pilot plant trails at the Barrambie Titanium and Vanadium Project.

At the time of writing, the valuable metals miner’s shares are trading 1.49% higher at 34 cents after reaching an intraday high of 36 cents.

Located 80km northwest of Sandstone in Western Australia, Neometals owns the Barrambie Titanium and Vanadium Project. The company considers it the most advanced, undeveloped hard-rock titanium mineral resource in Australia.

Neometals has an approved mining permit for the site and has spent around $30 million in exploration and evaluation since 2003.

Pilot trials commence

In today’s release, Neometals…