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#TM1 Technology Minerals – Recyclus Approved to Recycle Batteries at Tipton

HIGHLIGHTS

· Approval allows for immediate commencement of on site manual lead-acid battery recycling processes in Tipton

· Approved Battery Treatment Operator (ABTO) status authorises Recyclus to produce up to 15,000 metric tonnes (MT) of lead per year from the recycling of lead-acid batteries

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that Recyclus Group Ltd (“Recyclus”), its 49%-owned battery recycling business, has received ABTO status from the Environmental Agency for its recycling site in Tipton, West Midlands. The approval means that Recyclus can immediately commence manual recycling operations at its lead-acid facility.

 

Under ABTO status, Recyclus is authorised to produce up to 15,000MT per annum of lead and store up to 300MT of inbound stock at any one time on site . The new authorisation marks the beginning of phase one of the recycling operations, which will move to a fully automated recycling process in phase two later this year following receipt of the variation of licence. The Recyclus system recycles the entire battery into separate constituent parts, to ensure recovery of lead, acid, and plastic materials, which are then reused to support a wide range of industries. For example, the hard lead can be used in grids and terminals, the soft lead for battery paste, and the sulphuric acid into fertilisers for agricultural use.

 

Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to have our ABTO status confirmed by the Environmental Agency, so we can kick-start recycling operations, close deals in the pipeline, and start generating revenues from this site. Once fully operational, the Tipton plant positions us to become one of the leading accredited battery recyclers internationally.

“The lead-acid battery recycling industry is currently a major polluter, with over 18,000 tonnes of spent batteries incinerated or sent to landfill each year in the UK alone. It is vital that companies look to strip back ‘greenwashing’ and promote homegrown waste management solutions if the UK is to achieve its COP26 net zero targets.

“Our operations will help to divert waste from landfill, enabling key resources to be kept in use for longer, minimising waste and reducing the environmental impacts of spent batteries. These efforts underscore our commitment to developing a truly circular economy for battery metals that will help propel the green transition and meet the net zero 2050 targets. We look forward to reporting on our progress in the coming weeks and months.”

Enquiries

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Gracechurch Group

Harry Chathli, Amy Stupavsky, Alexis Gore

+44 (0)203 488 7510

 

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. Technology Minerals 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 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    

#POW Power Metal Resources Plc – Placing to raise £800,000

Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces it has completed a placing to raise £800,000 before expenses. (the “Financing”).

HIGHLIGHTS

 Power Metal has raised £800,000 before expenses for the advancement of select priority exploration projects and for general working capital purposes with the Financing undertaken at the closing market bid price of 1.4 pence on 2 September 2022 (see below for detailed Financing terms).

 The funds raised will support the acceleration, and allow for the potential expansion, of the ongoing geophysics and upcoming drill programme at the Molopo Farms Complex Project (“Molopo” or the “Project”) located in Botswana, where drilling is scheduled to commence mid-September targeting a large-scale nickel sulphide discovery.

 The Financing also enables the potential expansion of other priority exploration activities.

Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented: 

“Our work at the Molopo Farms Project in Botswana continues to support the potential for a nickel sulphide discovery in what is a unique district scale land package where we will be diamond drilling not only one electromagnetic (“EM”) conductor, but multiple conductors located across a large Project footprint.

At Molopo we have accelerated planned drilling with the final preparations underway and drilling is expected to commence mid-September. 

Considering the scale of the conductors identified, especially that at priority target area T1-6, and the number of conductors being targeted it was clear that we needed to be prepared for the possibility of an expanded campaign at the Project and we have undertaken the Financing to position for that expansion.

In addition, the Financing supports the continuation of our aggressive exploration across other priority exploration interests, where we are starting to see some highly encouraging findings.”

FINANCING FURTHER INFORMATION

 The Company has raised £800,000 before expenses through the issue of 57,142,857 new ordinary shares of 0.1p each in the Company (the “Financing Shares”) at an issue price of 1.4p per share, the closing market bid price on 2 September 2022.

 

 Each Financing Share has an attaching warrant to subscribe for one new ordinary share of 0.1p each (“Ordinary Share”) at an exercise price of 2.0p with a 12-month term from 19 September 2022 (“Financing Warrant”) creating 57,142,857 Financing Warrants.

 

 Should the Power Metal share price exceed a volume weighted average share price of 10p for five trading days Power Metal may issue a written notice to Financing Warrant holders providing ten trading days to exercise the Financing Warrants and ten further trading days to make payment of exercise monies or the Financing Warrants may be cancelled.

 

 The Financing was undertaken by the Company’s joint broker First Equity Limited.  Power Metal  has issued First Equity Limited with 5,714,286 warrants to subscribe for new Ordinary Shares on the same terms as the Financing Warrants.

 

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 57,142,857 Financing Shares to be admitted to trading on AIM which is expected to occur on or around 19 September 2022 (“Admission”). The Financing Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company’s issued share capital will comprise 1,594,654,921 ordinary shares of 0.1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For further information please visit https://www.powermetalresources.com/ or contact:

Power Metal Resources plc

Paul Johnson (Chief Executive Officer)

+44 (0) 7766 465 617

SP Angel Corporate Finance (Nomad and Joint Broker)

Ewan Leggat/Charlie Bouverat

+44 (0) 20 3470 0470

SI Capital Limited (Joint Broker)

Nick Emerson                                                                                                           

+44 (0) 1483 413 500

First Equity Limited (Joint Broker)

David Cockbill/Jason Robertson

+44 (0) 20 7330 1883

Ian Pollard: Yourgene Health – Rapid Expansion in Asia, India, Middle East & Africa

Yourgene Health plc YGENWe are making excellent commercial progress”, claims newly appointed CEO Lyn Rees after revenues for the six months to the 30th September climbed by 45% and gross profit was up by 49%. The implementation of a further £1m annualised cost reduction program helped to bring the loss before tax down  by 35%. Significant commercial progress was achieved during the half year, including the addition of new laboratories in Africa and Asia and the signing of a 3-year agreement with one of India’s leading diagnostics groups to offer mass-population non-invasive prenatal testing (“NIPT”) screening. Existing markets in India, the Middle East, Africa and South East Asia  are being rapidly expanded.

ULS Technology plc ULS continued to increase its market share and grow revenue and profits during the half year to the 30th September, despite housing market transactions being lower year-on-year. ULS continued to out perform the market. Revenue inceased by 3%, underlying profit before tax by 6% and adjusted basic earnings per share by 7%. The interim dividend is increased by 4%.

Plastics Capital PLA reports continued strong organic revenue growth across the Group for the half year to the 30th September. Profit before tax and earnings per share  both grew strongly by 75.4% and 67.9% respectively on revenue up by 11.4%. The company is now feeling the full effect of Sterling’s devaluation in 2016. Order books are healthy and good sales growth is expcted to continue for the foreseeable future.

Egdon Resources plc EGD reports a production update from the Ceres field which represents a material step up in both production and cash flow for Egdon. Gas sales net to Egdon for November are expected to be in excess of £235,000. Gas production from Ceres averaged 1.16 million cubic feet of gas per day (193 barrels of oil equivalent per day). following the installation of a new flow meter.

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