** Shares of Neometals rise as much as 16.3% to A$0.1, their highest levels since Aug 20
** The battery materials producer executes a project agreement, through its 88%-owned entity, Recycling Industries Scandinavia AB (RISAB), EIT RawMaterials GmbH to support the development of the Finnish vanadium recovery project
** Says EIT RawMaterials will provide Novana with 0.5 million euros ($554,550) in grant funding and become a minority shareholder in RISAB
** About 1.2 mln shares change hands, 1.3 times the 30-day average volume of shares
** Stock has fallen 59.1% this year, as of last close
($1 = 0.9016 euros)
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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