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#TM1 Technology Minerals – Recyclus Receives Battery Testbed System

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 its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has received three lithium battery (“LIB”) testbed systems designed to measure a range of different battery chemistries of different sizes at its Wolverhampton site.

 

The LIB testbeds give Recyclus the operational capability to test the effective capacity of battery packs from a range of EV and industrial usages as well as for degradation or damage at the cell level. By charging and discharging batteries to measure capacity and capture stored energy it can also perform a number of other critical performance test criteria. The ability to discharge stored energy unlocks future opportunities to feed energy back into the national grid and for use on-site.

 

This testing capability enables Recyclus to grade batteries and access the reuse market for batteries alongside recycling. The tested battery packs will be sorted into one of three categories: the first are suitable for reuse as they are, the second are defective and need to be recycled, and the third are a split with some cells being retrievable and others not. It creates an opportunity for Recyclus to send suitable batteries back into alternative repurposed applications, depending on their condition and test results.

 

With UK Government estimates suggesting that there could be almost 28 million EVs on the UK’s roads by 2035,1 a substantial number of battery cells are likely to reach end-of-life that are suitable for reuse for different applications, representing a significant market opportunity beyond recycling.

 

Robin Brundle, Chairman of Technology Minerals, said: “This testing capability is another key development for Recyclus designed to create an additional potential new revenue stream by unlocking more of the value-chain in the battery circular economy .

“We are constantly exploring new avenues to expand under our circular economy strategy, and this represents a significant milestone for us in developing our capability for recycling and reuse of batteries, and our ability to harness otherwise wasted energy. Implementing these systems into our process will help to maximise the lifespan of batteries and minimise energy waste.”

Jonathan Regan, Senior Battery Engineer of Recyclus, said: “Developing this function will allow us to work with manufacturers to increase the amount of carbon offset from the batteries’ production by extending their working life through repurposing into alternative applications , supporting the transition to net-zero, and supporting future and current legislative targets.”

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

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

#TM1 Technology Minerals – Completed Sale of 10% Interest in US Projects

Technology Minerals (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that further to its announcement on 6 May 2022, the Company has completed the sale of an initial 10 per cent interest in the Company’s registered claims in its wholly owned US cobalt/copper projects; the Blackbird Creek Project and Emperium Project (collectively “the Properties”), Lemhi County, Idaho, United States of America, to Bluebird Metals LLC (“the Buyer”) for a cash consideration of £900,000.

 

The sale agreement also includes a proposed option for the Buyer to acquire a further 20 per cent interest in the Properties for a further cash consideration of £1.8m. The option is exercisable within a 6-month period from the date of the signing of the detailed Purchase Agreement regarding the Proposed Sale.

 

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “We are delighted to complete the sale of a minority interest in our US cobalt/copper assets which is a strong endorsement of the potential of the Blackbird Creek and Emperium Projects. The agreement validates our strategy of advancing our junior mining assets up the value curve to attract partners and unlock significant potential value that can be added to the Company’s portfolio.”

 

Background: Blackbird and Emperium Projects

 

The Blackbird Creek Project is located within the Idaho Cobalt Belt (“ICB”), a 60 km long metallogenic district characterised by stratiform/tabular Co-Cu deposits. The ICB is hosted in the Mesoproterozoic Belt Supergroup (1,470 Ma and 1,370 Ma), juxtaposed between later Proterozoic (1,370 Ma) quartz monzonitic intrusions.

 

The Emperium Project covers approximately 55km² in east-central Idaho, making it one of the largest land positions in the Idaho Cobalt Belt. To date, there has been limited exploration conducted on the property in the form of lithogeochemical (rock) sampling, and satellite image interpretation.

 

Related Party Transaction

The sale and grant of option are deemed to be related party transactions for the purposes of DTR 7.3 as Chang Oh Turkmani, a beneficial owner of the Buyer, is also a Non-Executive Director of Technology Minerals Plc and beneficial owner of 55,555,556 ordinary shares amounting to 4.37% of the issued shares in the Company.

 

The Directors of the Company accept responsibility for this announcement.

 

For further information please contact:

 

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

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

 

#SVML Sovereign Metals – Five AIM-listed EV & Battery Metals Companies to Watch

 

 

London’s AIM has long been home to world-class junior commodities explorers and producers. As we approach what could be a multi-year commodities super-cycle, London’s junior market is anticipated to provide a hotbed of opportunities to capture any upside in metals prices.

The main driver of any potential commodities super-cycle will likely be the pursuit of Climate Change goals and the demand associated with green technologies. These technologies include renewable power generation, power storage, and electric vehicles, to name a few.

There is a growing disparity between current levels of production and demand forecasts to the extent:

  • Lithium is set for a structural supply deficit for the rest of this decade
  • Copper demand for the production of EVs will hit 2.9mt within a decade
  • Nickel demand for use in EVs will likely outstrip supply within five years
  • Graphite is likely already in a supply deficit with demand only set to increase

In this report, Kemeny Capital highlights five AIM-listed companies exploring for, or producing, battery metals.

Research Note: EV AIM Companies to Watch

#TM1 Technology Minerals – TM1 Chairman Robin Brundle interviews with Katie from Proactive

~ Permit award at Tipton

~ Application for a lithium-ion licence and prospects in the US

~ Bluebird Metals buying a 10% stake in Idaho

#TM1 Technology Minerals – Appointment of Chief Financial Officer

Technology Minerals Plc (LSE: TM1), the first UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce the appointment of James Cable as a director and Chief Financial Officer (“CFO”) of the Company with immediate effect.

 

James has extensive experience of investment evaluation and financial transformation across several industries, including 28 years in natural resources. Qualifying as a chartered accountant at Turquands Barton Mayhew & Co (now Ernst & Young), James has curated a strong background in natural resources with international experience in mining, oil and gas, construction, and other industries. James also has a strong background in public markets including fundraising, M&A and corporate strategy.  

 

James has held senior positions across a variety of companies, including roles as Finance Director at AIM listed Alien Metals Limited (formerly Arian Silver Corporation) followed by serving as a non-executive director, and AIM listed Kopane Diamond Developments Plc until it was acquired by AIM listed Firestone Diamonds Limited. In addition, James was previously Finance Director at Mantle Diamonds Limited, before it was acquired by ASX listed Kimberley Diamonds Limited. Early in his career, James spent more than 10 years at Mobil Oil Corporation (now ExxonMobil).

 

Most recently, James has held the position of director and part-time CFO at GemRock Company Limited, an exploration and mining company with assets in Mozambique, where he has been integral to the fundraise of $27 million from private investors, overseeing the financial activities and corporate governance of the company.

 

Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to bring James on board and welcome him to the team at Technology Minerals. His considerable experience in the mining and natural resources industry as well as his vast board experience will be an asset and drive our strategic growth plans in junior mining and recycling. With a keen interest in recycling, James is enthusiastic about our twin-track strategy to create a circular economy for battery metals. We look forward to seeing James further the business as he heads up our strong accountancy team.”

 

James Cable, Chief Financial Officer of Technology Minerals, commented: “It is great to be joining the team at Technology Minerals and progressing their vision of a circular economy for battery metals through their junior mining and battery recycling businesses. I look forward to continuing working in the natural resource sector and furthering my knowledge of and interest in recycling as Recyclus scales up their operations.”

 

The following information is disclosed in accordance with Listing Rule 9.6.13.

James Cable holds or has held the following directorships in a publicly quoted company the past five years:

Past directorships
Alien Metals Limited (BVI) – AIM listed

 

James Cable was appointed a director of Blue Lias Technologies plc on 21 February 2017 at a time when the company was contemplating seeking admission to trading on AIM.  The company was a non-trading holding company for a South African development-stage technology company. He was a director of Blue Lias Technologies plc until 9 July 2019. On 25 November 2020 a court order to wind up Blue Lias Technologies plc completed.

James Cable was a director of Blue Lias Industries Limited until 9 July 2019. The company was a wholly owned subsidiary of Blue Lias Technologies Plc and was dissolved on 27 October 2020.

James Cable was a director of Primavision Limited which was placed in creditors voluntary liquidation on 10 March 2003.

Technology Minerals confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13 in relation to the appointment of James Cable.

 

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

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

#TM1 Technology Minerals – Recyclus appoints Group Managing Director

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 its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has appointed Matthew Taylor as Group Managing Director.

 

Matthew has over 40 years’ experience working in senior management roles, across a number of key industrial and manufacturing sectors in the UK, including avionics, automotive, consumer and professional power tools, power generation engineering, marine and aero engineering. He was formally General Manager at a leading UK-based specialist aerospace metals group to the international aerospace sector, where under his leadership, revenues underwent an increase of 40 per cent and gross margins were improved by 100 per cent.

 

He was principal consultant at Smith Kenyon Ltd, a leading business transformation specialist, for 18 years working successfully on transformation projects with leading industrial companies in the UK and internationally. Projects included operations and supply chain management, strategic evaluations, specialist procurement evaluations and strategies, business development and design and implementation of manufacturing operations.

 

Former roles also include a main board member at Cummins Power Generation with the brief to transform supply chain, operations and global purchasing, with plants in UK, China, India, Mexico, Singapore, USA, Germany and Romania. With global sales and distribution, Cummins Power Generation is a global manufacturer, distributor and brand leader in the international power generation engineering sector with a $2bn turnover and a division of Cummins Inc. with $6bn annualised turnover.

 

Matthew holds a BSc Management, Engineering, Production and Economics, MBA and is a PRINCE2 practitioner and 6 Sigma trained.

 

Matthew Taylor, Group Managing Director of Recyclus, said : “It’s great to formally join the team at Recyclus at such a formative stage in the company’s evolution and particularly as we enter the first growth stage of the business. The team are well versed in how the proprietary technology at play here can form such an important role in the UK battery ecosystem as we take on the lead role in the industrial scale-up in lithium-ion battery recycling. I look forward to joining the team and driving the development of solutions for battery testing and take-back recycling, with a clear focus on surpassing our customer’s needs and requirements.”

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said : “Matthew is well-practised in building transformational businesses in key industrial sectors and his appointment comes at a very appropriate stage for Recyclus Group. He comes to us with a very strong track record in successfully achieving his commercial goals, and his sector experience mirrors that of the main industrial sectors for Recyclus.”

 

 

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

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

 

#TM1 Technology Minerals – Exploration Update on the Asturmet Project

Exploration Update on the Asturmet Cu-Co-Ni Project, Asturias, NW Spain

 

Deposit characterisation sampling confirms high grade mineralisation at the underground Aramo Mine 

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce initial results from a due diligence lithogeochemical characterisation sampling survey at its 100% owned Aramo Copper-Cobalt-Nickel (“Cu-Co-Ni”) Project in Asturias, NW Spain. 

 

Highlights

 

· Due diligence sampling collected in November 2021 has confirmed high grade Cu-Co-Ni mineralisation at the historic Aramo mine on the St Patrick Licence

· A total of 79 samples were collected on the licence during the campaign, including 53 samples underground at the Aramo Mine on Level 3 in four historical partially stoped areas

· Field programmes are ongoing at the project with a more expansive exploration campaign planned for the St. Patrick Licence in the coming months

 

A selection of best results include:

 

Table 1: List of selected results from the characterisation sampling programme

 

SAMPLE ID

LOCATION

LEVEL

WORKING

SAMPLE_TYPE

Co_OG62  %

Cu_OG62  %

Ni_OG62  %

AES49848

Aramo Mine

Level 3

Stope B

Stope Scree

0.50

0.35

0.14

AES49852

Aramo Mine

Level 3

Stope B

Stope Scree

0.18

20.60

0.83

AES49853

Aramo Mine

Level 3

Stope B

Stope Scree

0.25

5.31

0.51

AES49855

Aramo Mine

Level 3

Stope B

Stope Scree

0.42

2.07

0.10

AES49858

Aramo Mine

Level 3

Stope B

Stope Scree

0.39

28.30

1.68

AES49860

Aramo Mine

Level 3

Stope B

Stope Scree

0.50

0.63

0.08

AES43409

Aramo Mine

Level 3

Stope B

Stope Scree

0.45

17.00

1.01

AES49896

Aramo Mine

Level 3

Stope B

Stope Scree

0.49

16.55

0.40

AES43401

Aramo Mine

Level 3

Stope C

O\C – Wall rock

1.88

13.25

1.10

AES49866

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.39

1.58

0.10

AES49869

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.50

4.27

0.14

AES49871

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.39

10.05

0.55

AES49875

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.35

5.11

0.29

AES43411

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.20

5.01

0.42

AES49838

Aramo Mine

Level 3

Loc-3

Float

0.16

>50

0.80

 

Asturmet Project

 

The Company holds 100% of the Aramo Project through its 100% wholly-owned subsidiary, LRH Resources Limited (“LRHR”), and LRHR’s 100% wholly-owned subsidiary Asturmet Recursós S.L. (“Asturmet”).

 

The Asturmet Project consists of seven exploration permits or P.I. (Permiso del Investigación): St. Patrick (P.I. 30858), St. Andrew (P.I. 30869), St. David (P.I. 30870), Astur A (P.I. 30864), Astur B (P.I. 30865), Astur C (P.I. 30866) and Astur D (P.I. 30868). The licences cover a total area of approximately 461 km2. The St Patrick licence (which covers the historic Aramo Mine), was issued to Asturmet in June 2018. The remaining licences are due to be issued imminently by the Spanish Ministry.

 

Local Geology

 

The Cu-Co-Ni Project is classed as an epithermal carbonate hosted deposit and lies within the western closure of the Cantabrian Orocline Fold and Thrust Belt.   The Aramo Mine is located within what is termed the Aramo “Caliza de Montana” stratigraphic unit comprising of organic rich limestones. Mineralisation is broadly confined to wide alteration zones with more localised east – west orientated high grade veins and stockwork mineralisation. The alteration zones, which are themselves pervasively mineralised, are interpreted to form extensive “pipe-like” bodies with significant vertical development at major fault intersection planes. These zones develop laterally outwards along individual faults creating the so called “Filon” zones. Lower angled stratigraphic bedding within the host limestones within the pipelike zones appear to create flatter zones or lenses of alteration and mineralisation with a 30-40 degree orientation dipping westwards.

 

The Aramo Mine

 

The Aramo mine was most recently in production from 1948 and ceased production in 1953. It has remained dormant for the last 69 years. The mine closed during a period of weak copper prices and a declining Dow Jones index for commodities. The mine has several mineralised zones with extensive alteration and associated Cu-Co-Ni mineralisation at a number of levels over a known vertical extent of 530-m whilst westwards, there lies a further 200-m of vertical prospective stratigraphy above the mine and to the west below the plateau.

 

Aims of the Sampling

 

The study involved accessing historical mine workings associated with the Aramo Mine at the accessible upper levels, in particular at the Level 3 elevation (1177m O.D.) to complete a mineral and alteration characterisation study, the full results of the sampling are presented in Table 2. The primary zone sampled comprised the St. Pedro Filon, a 30-40m wide (partially mined) alteration zone which dips westwards at 35-40 degrees. Three stopes within this zone were accessed and a selection of both wall rock and blasted stope piles were sampled.

 

The characterisation study aimed to collect a broad range of mineralisation and alteration types to better understand the paragenetic model for the deposit and to identify structural controls on the mineralisation. The majority of samples were collected from blasted stope material within the stopes with a selection of wall rock samples in the hanging wall and the footwall of the stoped areas where it was possible.

 

Results

 

A total of 79 samples were collected during the campaign and included 53 samples collected at the Aramo Mine on Level 3 in four different stoped areas (as reported here). A further 17 prospecting samples were also collected at locations on the plateau above the mine. These form part of a broader in-progress programme of ongoing sampling in association with characterisation of both rocks and soils for an ongoing hyperspectral remote sensing study. These results will be compiled and assimilated and reported in due course, along with the results of the Remote Sensing Study. A further seven samples comprised QAQC samples which were submitted along with the geochemical samples.

 

All samples followed a strict sampling and chain of custody process and were analysed by ALS Laboratories in Loughrea, County Galway, Ireland. Samples were analysed by four-acid ICP-AES analysis.

 

Further work

 

Field programmes are ongoing at the project with a full and more expansive exploration programme planned for the St. Patrick Licence in the coming months, which includes geological mapping and sampling, remote sensing analysis and geophysics.

 

 

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “We are pleased the initial results from our sampling survey at the historic Aramo mine within the St Patrick licence has confirmed high grade Copper-Cobalt-Nickel mineralisation.  In the coming months we plan to expand our exploration campaign which will help us continue to gain a better understanding the full potential of the project.  The Asturmet Project forms part of our wider strategy to move forward and advance multiple exploration campaigns across our portfolio of mineral resource projects focused on cobalt, copper, nickel, manganese, and lithium.”

 

Competent Person

 

All scientific and technical information in this announcement has been prepared under the supervision of EuroGeol Vaughan Williams M.Sc. P.Geo (a Principal of Aurum Exploration Services who currently provides exploration services to LRHR), and a “qualified person” within the meaning of National Instrument 43-101.Vaughan Williams is also company secretary of LRHR and a Director of LRHR’s  Spanish subsidiary Asturmet.

 

The Directors of the Company accept responsibility for this announcement.

 

 

For further information please visit www.technologyminerals.co.uk , @TechnologyMinerals on Twitter, or contact:

 

Technology Minerals Plc

Alex Stanbury, Chief Executive Officer

Lester Kemp, Chief Operating Officer

Wilson Robb, Chief Technical Officer

+44 20 7618 9100

info@technologyminerals.co.uk

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

 

#TM1 Technology Minerals – Technology Minerals CEO Alex Stanbury talks on Proactive UK

 

Technology Minerals CEO Alex Stanbury talks to Katie Pilbeam on Proactive UK

Alex talks about next steps for Oacoma and Blackbird projects and exercising an option to acquire the Blackbird Creek Property in the US from DG Resource Management

#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands

 

#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands.

Tipton plant aims to increase lead-acid battery #recycling production capacity from an estimated 16,000 tonnes first full year of production, to circa 80,000 tonnes by 2027

Watch here

#TM1 Technology Minerals – Talking Batteries Part 4

Talking Batteries Part 4 featuring Mark Amor-Segan, Principal Engineer @WMG Energy Innovation Centre and Anwar Sattar, Lead Engineer, Battery Recycling @WMG Energy Innovation Centre, discussion the innovation in research and development @WMG in battery and battery recycling development, and working with the team @Recyclus on knowledge transfer in battery recycling technologies

 

Watch here

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