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Technology Minerals – Recycling Blueprint for the EV and Battery Industry a Racing Certainty?

By Arjun Thakkar and Alan Green

Along with Christmas parties, the most oft discussed topic in 2021 was almost certainly the COP26 conference, net zero carbon neutrality, sustainability, climate change and other aspirational matters pointing to an internal combustion engine free world. There’s plenty of awareness of the issues surrounding climate change and the environment, but the simple facts are that the leading economies around the world (never mind the developing nations) are woefully underprepared to tackle these issues and create the circular economy required to support sustainability.

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Technology Minerals #TM1 – Alan Green talks to Alex Stanbury & Robin Brundle

Technology Minerals #TM1 – Alex Stanbury, Robin Brundle & Alan Green discuss the group’s unique investment proposition and upcoming value inflection points. We discuss the group’s circular economy model, starting with the key battery metal mining projects in Ireland, Spain, USA and Cameroon before looking at the development of Recyclus, the group’s end-to-end recycling vehicle for lithium-ion and lead-acid batteries that completes the circular economy model. Robin and Alex discuss the upcoming developments for Q1, along with the expected uplift in group revenues & valuation.

Proactive Investors – Technology Minerals #TN1 hails Recyclus operation deal with battery collection group

Technology Minerals #TM1 – Chairman Robin Brundle joins Proactive London’s Katie Pilbeam about their 49% owned Recyclus Group signing a deal with Slicker Recycling to collect battery waste from around the UK and deliver it to its plants.

Recyclus has unique technologies that allow it to reprocess both lead-acid and lithium-ion power units. Next year the business expects to deal with 16,000 tonnes of the former and 5,000 tonnes of the latter.

Slicker Recycling has 13 depots and uses 25,000 collection points nationally.

Technology Minerals #TM1 – Partnership with Slicker Recycling

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that Recyclus Group, a 49% Technology Minerals owned company, has signed a partnership agreement with Slicker Recycling Limited (“Slicker Recycling”), one of the UK’s leading hazardous waste management and service delivery providers, with a view to further their visions of creating a circular economy for the UK battery market.

The agreement between Recyclus Group and Slicker Recycling (the “Partnership”) launches a national initiative with the aim of improving the UK capability for battery recycling from dangerous, small-scale manual operations to recycling safely and sustainably on an industrial scale – which the Company believes is a necessary development for the UK to reach its climate targets.

Slicker Recycling, which has 13 depots nationwide and executes more than 25,000 collections per annum, will collect battery waste from around the UK and safely transport it to the closest Recyclus Group Ltd (“Recyclus”) plant.  Recyclus is a battery-recycling business with innovative technology that can safely salvage key materials from spent batteries to produce black mass (consisting of cobalt, nickel, lithium, and manganese).  These recycled raw materials can then be subsequently fed back into the market for re-use and resale.  Recyclus will also test the safety of the batteries to determine whether they should be re-used or repurposed. Recyclus believes this partnership alone could deliver up to 40% of the lead-acid battery capacity, and up to 90% of its Li-ion capacity once the two plants are commissioned in Q1 2022.

The Partnership is expected to be a driver in Technology Minerals’ growth strategy and aim to increase its recycling capacity in 2022 for lead-acid batteries to 16,000 tonnes per annum and 5,000 tonnes per annum for lithium-ion (“Li-ion”) batteries.   

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “We are delighted to launch this national initiative for battery recycling in the UK and partner with Slicker Recycling, one of the UK’s largest waste collectors.  The Partnership will help ramp up our recycling capacity for both lead-acid and Li-ion batteries and builds on our strategy and goal to help tackle the critical upcoming supply shortages of the key minerals being used to drive the global transition to electric vehicles. 

“Technology Minerals and Slicker Recycling recognise the market need for an integrated, strategic waste management partnership, and this end-to-end logistical solution furthers both our interests in addressing the UK’s battery waste crisis. It is vital that companies work together to expand homegrown waste management solutions if the UK is to achieve its 2050 net-zero target.”

Mark Olpin, Managing Director of Slicker Recycling, said: “Diversifying into new and innovative markets is a key part of our growth plans and our link-up with Technology Minerals is a vital partnership to kick-start an effective, circular economy solution for the UK’s growing battery market.

“The raw materials extracted from the used batteries collected as part of this partnership will go back into industry as part of a closed loop solution. This is especially welcome at a time when electric car production and ownership is at its highest ever level, with that trend set to continue on a steep curve, therefore needing sustainable solutions to keep it moving and growing.

“We have strong credentials in the automotive sector so this partnership is the perfect fit at a time when both our organisations are firmly focused on the circular economy and how we preserve finite resources.

“Overall, we are delighted to be at the forefront of this forward-thinking partnership which is an example of how companies can join up their expertise for the good of the planet.”

Enquiries

Technology Minerals Limited

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Slicker Recycling

Mark Olpin, Managing Director

Laura Carter, Commercial Director

+ 44330 159 8325

Alfred Henry Corporate Finance Limited

Nick Michaels

+44 203 772 0021

Arden Partners Plc

Ruari McGirr

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

Technology Minerals Plc

Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. TM is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the Group will explore, mine, and recycle metals from spent batteries. Further information on Technology Minerals is available at www.technologyminerals.co.uk   

Recyclus Group Ltd  

The demand for the raw materials used in battery manufacturing is anticipated to substantially increase. Recyclus Group Limited provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus Group’s battery recycling capacity will prove essential in the shift from fossil fuels to electric transportation. Through its strategic support, Recyclus is an integral component to the recycling of lithium-ion and lead-acid batteries and is a significant contributor towards the circular economy of battery metals. Further information on Recyclus Group is available at www.recyclusgroup.com   

Slicker Recycling

With depots across the UK, Slicker Recycling specialises in the national collection and recycling of hazardous lubricating oils which have been previously used in motor vehicles and machinery. Aside from hazardous and non-hazardous waste collections, Slicker also provides interceptor and drainage services, tank cleaning and decommissioning, and chemical waste removal. Slicker employs almost 200 people and in July 2020, launched a £70 million base oil re-refinery in Denmark as part of a joint venture with its German partner, Avista AG.   Further information on Slicker Recycling at www.slickerrecycling.com  

Technology Minerals #TM1 – Admission and First Day of Dealings

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE OR PUBLISH THIS ANNOUNCEMENT.

17 November 2021

Admission to Trading and First Day of Dealings

Technology Minerals Plc, the first UK company focused on creating a sustainable circular economy for battery metals, is delighted to announce the admission of the Company’s entire issued share capital to the Official List of the Financial Conduct Authority by way of a ‎Standard Listing under Chapter 14 of the Listing Rules (Standard Listing) and to trading on the London Stock ‎Exchange’s Main Market for listed securities. Dealings in the Company’s Ordinary Shares will commence at 08:00 GMT today under the symbol “TM1”.

The Company has successfully raised gross proceeds of approximately £1.5 million (before expenses) through a placing of 66,666,667 New Ordinary Shares at a price of 2.25 pence per Ordinary Share. The Placing follows on from a pre-IPO fundraise in which the Company raised approximately £5 million. On Admission, the Company will have 1,212,312,941 ordinary shares in issue, with a market capitalisation of the Company on Admission of just under £27.3 million. The ISIN number is GB00BP094P47 and the SEDOL is BP094P4.

The Prospectus is available on the Company’s website:https://www.technologyminerals.co.uk/

Alexander Stanbury, Chief Executive Officer of Technology Minerals, says: “We are pleased to announce our successful placing and admission by way of a Standard Listing. We are perfectly positioned to take advantage of the 21st century transport revolution as the industry transitions from petrol and diesel engines to electric vehicles. With the listing today, we can move ahead to solve the two key challenges  – namely the production of Lithium-ion batteries for EVs – and down the line, the recycling of those batteries when they’re spent and no longer usable.

“We are proud to be the first UK listed company to create a circular economy in the battery metals sector, covering the entire mineral life cycle from exploration and mining through to end-of-product recycling for cobalt, lithium, nickel, and manganese. We’d really like to thank our current investors and welcome new ones as we embark on the next phase of our development.” 

Enquiries

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Alfred Henry Corporate Finance Limited (Financial Adviser)

Nick Michaels

+44 203 772 0021

Arden Partners Plc (Broker)

Ruari McGirr

+44 207 614 5900

Luther Pendragon (Financial PR)

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

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