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Technology Minerals #TM1 – Issue of Shares

Technology Minerals Plc (the “Company”) (LSE: TM1), the first UK company focused on creating a sustainable circular economy for battery metals, announces that the Company has issued 603,981 ordinary shares in the Company to North American Strategic Metals Inc. (“NASM”) in settlement of payment due to NASM for the acquisition of a working interest in the Oacama Project and 1,132,075 ordinary shares to a supplier  (“Supplier”) for the provision of consultancy services, a total of 1,736,056 new ordinary shares (“New Shares”). 

By way of background:-

(a)  On 9 July 2021, Technology Minerals Limited (now Techmin Limited) a wholly owned subsidiary of the Company entered into an agreement with East River Minerals LLC, a 100% owned affiliate of NASM, for the acquisition of a working interest in the Oacoma Project (the “Oacoma Agreement”). Under the terms of the Oacoma Agreement, it was agreed (amongst other matters) that USD 25,000 be paid to NASM in the form of shares in the Company, the price per share to be the weighted average share price over the 5 days of trading prior to 9 March 2022. The Company and NASM have agreed that the number of New Shares to be issued to NASM is 603,981; and

(b)  On 27 April 2022, the Company entered into an agreement with the Supplier for the provision of services to the Company (the “Supplier Agreement”). Under the terms of the Supplier Agreement, it was agreed (amongst other matters) that GBP 30,000 be paid to the Supplier in the form of shares in the Company, that the price per share to be the mid-price on 27 April namely £0.0265 per share, and that the number of New Shares to be issued to the Supplier is 1,132,075. 

Admission and Total Voting Rights 

Application will be made for the 1,736,056 New Shares, which will rank pari passu in all respects with the existing ordinary shares of the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 10 June 2022 (“Admission”). Upon Admission, the total number of issued shares and the total number of voting rights in the Company will be 1,271,423,593.

The above figure of 1,271,423,593 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The Directors of the Company accept responsibility for this announcement.

Technology Minerals #TM1 – Recyclus awarded Lithium-ion EA Permit at Wolverhampton plant

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 the Environment Agency (“EA”) has awarded its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), an environmental permit for its recycling plant in Wolverhampton, West Midlands. 

The EA permit at its Wolverhampton plant will provide the critical legal foundation from which Recyclus can receive the variation of licence required to enable the Wolverhampton site to be fully operational. This variation of licence is required due to the novelty of recycling lithium-ion batteries within the UK.   

Further, the EA has prioritised the determination of Recyclus’ application to transfer its permits across its lithium-ion Wolverhampton plant and lead-acid Tipton plant. This priority status has been given to Recyclus as the EA is satisfied that the development of the company will help maintain national resilience, national infrastructure and/or is critical for environmental protection. 

Once the site is fully operational, the Wolverhampton plant will be the first in the UK with the capacity to recycle lithium-ion batteries on an industrial scale and will be a key foundation of Recyclus’ ambition to increase its lithium-ion battery recycling capacity from an estimated 8,300 tonnes in the first full year of operations, to circa 41,500 tonnes by 2027. 

This is the second EA permit Recyclus has been awarded in two weeks following the environmental permit obtained for its Tipton recycling facility earlier this month. 

Robin Brundle, Chairman of Technology Minerals, said: “Receiving the EA permit for our Wolverhampton plant is a critical step for the recycling facility to become fully operational which, for the first time, will bring industrial scale recycling capability for lithium-ion batteries in the UK. To be awarded priority status and be categorised as an organisation critical for environmental protection is fantastic. This high-level of recognition from the EA is reflective of the importance of Recyclus’ ambition to recycle batteries and establish a circular economy for battery metals in the UK. With the increasing demand for critical battery metals, we are pleased to be seen as integral to ensuring a domestic supply through recycling.”

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

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    

Research Talks Special Live from the UK Investor Show in London

In a research talks special streamed from the The UK Investor Show Alan Green and Mark Fairbairn discuss MetalNRG Plc #MNRG Kavango Resources PLC #KAV Technology Minerals #TM1 and the sum of the parts valuation case for Power Metal Resources #POW

#research #gold #copper #nickel #investor #RareEarth #circulareconomy #batteryrecycling #BatteryMetals #mining #exploration #mineralexploration Rolf A Gerritsen Ben Turney Brett Grist Robin Brundle Alex Stanbury Emily Steward Harry Chathli John Bick Paul Johnson Tristan Pottas Oliver Friesen

Technology Minerals #TM1 – Recyclus Receives Environmental Permit at Tipton Recycling Site

Issue of permit allows for treatment and processing of lead-acid batteries on-site and is a key step towards commencement of operations 

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 the Environment Agency (“EA”) has awarded its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), an environmental permit at its lead-acid battery recycling plant in Tipton, West Midlands for a hazardous waste installation, primarily involved in the treatment and processing of lead-acid batteries.

The EA permit allows for the treatment and processing of lead-acid batteries on-site and provides the critical legal foundation to complete the sub-licences that will enable operations to commence at Tipton.

The Tipton plant aims to support Recyclus’ ambition to increase the Company’s total lead-acid battery recycling production capacity from an estimated 16,000 tonnes in the first full year of production, to circa 80,000 tonnes by 2027. The Tipton plant is designed to process up to 12 tonnes an hour of lead-acid batteries and has a fully automated system.

In addition, Recyclus has successfully completed stage one of the audit process for ISO 9001, 14001 and 45001 certifications, a global standard for Quality, Environmental and Occupational Health and Safety Management Systems. Recyclus will now proceed to the final stage and, subject to successfully completing the audit process, will be certified.

Robin Brundle, Chairman of Technology Minerals, said: “The granting of the EA permit is a crucial step forward and will enable Recyclus to proceed with obtaining the required sub-licences to commence operations at the Tipton site. The team has been preparing to ensure that we are positioned to ramp up production when the site becomes fully operational.  The opening of this plant at Tipton is a key milestone for us at Recyclus and our strategy to open ten plants over the next six years.”

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

 

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  

What Investment May 2022 – Metal Morphosis

As the pandemic recovery and key metal supply squeeze triggers the next commodity supercycle, Alan Green asks if recycling can plug the gap…

For Technology Minerals, which listed on the London Market as #TM1 last November, recent events have only underscored the importance of the company’s mission to secure a sustainable supply for battery metals…

Read the full May edition of What Investment here

digital_WI_0522-reduce size

Technology Minerals #TM1 – Directorate Change

 

Technology Minerals Plc (LSE: TM1), the first UK company focused on creating a sustainable circular economy for battery metals, announces that James Hannon has resigned as a Director and Chief Financial Officer with immediate effect due to other commitments and to pursue other opportunities. The Board has begun the process to identify and appoint a successor and will update the market in due course.

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

 

Technology Minerals #TM1 – Interim Results

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce its results for the six months to 31 December 2021. 

Highlights

·      Raised £1.5 million before expenses from admission to the London Stock Exchange in November 2021, which followed a pre-IPO fundraise that raised approximately £5 million

·      Recyclus Group (“Recyclus”), a 49% Technology Minerals owned company, partnered with Slicker Recycling Limited (“Slicker Recycling”), whereby Slicker Recycling will collect battery waste from around the UK and transport it to the closest Recyclus plant

·      Recyclus agreed an engineering development partnership (EngD) with WMG at the University of Warwick, a leading academic group providing research, education and knowledge transfer in engineering, management, manufacturing and technology

Post Period

·      Recyclus opened first recycling site in Tipton in January 2022 – new facility will help provide national capability for lead-acid battery recycling and commissioning of the plant is going well.

·      In January 2022, Recyclus opened first laboratory suite at its new battery processing facility in Wolverhampton, UK, to carry out in-house testing for both lead acid and lithium-ion (“Li-ion”) battery recycling processes

·      In February, received encouraging set of results from sampling survey at the Oacoma Project, which confirmed the presence of manganese and rare earth oxides (“REO”)

·      Received positive initial results from a due diligence sampling survey at the Asturmet Copper-Cobalt-Nickel (“Cu-Co-Ni”) Project in Asturias, NW Spain

·      In March, acquired Blackbird Creek Property (Idaho, USA), a project covering 1,285 hectares within the Idaho Cobalt Belt, with potential to host significant Cu-Co deposits

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “It has been a great six months for the development of Technology Minerals.  We successfully listed on the London Stock Exchange in November and raised capital to accelerate our development plans and pursue our growth strategy to create a circular economy for battery metals.

“Our aim is to build ten battery recycling plants within six years in the UK, with the first two coming online in the second half of this year.  Through our innovative technology, for the first time in the UK, there will be the capability to recycle Lithium-ion batteries on an industrial scale. Alongside the battery recycling business, our exploration assets are focused on the extraction of key battery metals with a strategy to bring early-stage projects up the value curve in a capital light manner and attract partners to fund their development. 

“Between battery recycling and the extraction of metals, we aim to cover the entire mineral life cycle from exploration and mining through to end-of-product recycling for cobalt, lithium, nickel, and manganese. Technology Minerals is in prime position to take advantage of the global swing to electrification as electric vehicles replace the internal combustion engine and the pressing necessity for battery metals heightens.  We are providing a solution to a critical need in the global transition to a more sustainable, green economy.”

Enquiries

 

Technology Minerals Limited

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive 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

About 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 

Link here for full management reports and financial statements

Alan Green covers Panther Metals #PALM and Technology Minerals #TM1 on this week’s Stockbox Research Talks

Alan Green covers Panther Metals #PALM and Technology Minerals #TM1 on this week’s Stockbox Research Talks

Technology Minerals #TM1 – 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 that James Hannon has been appointed as a director and Chief Financial Officer (“CFO”) of the Company with effect from 11 April 2022.  James replaces Nigel Ruddock who will step down as a director and CFO and will be retiring on 31 March 2022.

James, 53, has an extensive range of financial and corporate finance advisory experience ranging from private company mandates and private equity transactions to international IPOs and secondary fundraisings on AIM as Nominated Adviser, the TSX and ASX, Sponsor to the Official list of the London Stock Exchange as well as private and City Code M&A transactions.

James’ experience is through serving international natural resources broking and financial advisory houses including GMP Securities Europe LLP (Partner) and Haywood Securities (UK) Ltd. He has also previously worked for Price Waterhouse (UK and France), Old Mutual Securities and Grant Thornton. 

James was previously the Chief Financial Officer of Moydow Holdings Limited, a privately owned, West African focused gold exploration business with advanced projects in Burkina Faso and Mali.  James is also a Director of Eurocap Financial Limited, established to provide financial consulting services notably to the mining industry.   

The Company would like to thank Nigel for his significant contribution to the business both pre and post IPO. This includes leading the restructuring of the accounting procedures for both the Company and Recyclus Group Limited, the result being a significantly reduced workload at the Company.  

Robin Brundle, Chairman of Technology Minerals, said: “I am delighted to welcome James to Technology Minerals as we look to scale up our operations and grow the business. James has an excellent mix of capital markets experience and industry expertise that will complement the skillset of our management team and Board. On behalf of the Board, I want to offer my thanks to Nigel for all the work he has done taking us through the IPO process and successful listing on the London Stock Exchange. His help and guidance proved invaluable and we wish him well in the future.”

James Hannon, incoming Chief Financial Officer of Technology Minerals, said: “It is great to be joining Technology Minerals and I look forward to supporting it to scale up operations and advance to a rapid-growth phase as it creates a fully circular economy for battery metals in the UK.”

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

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

About 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 

 

Technology Minerals #TM1 – Application for Admission of Shares

Application for Admission of Shares

Technology Minerals Plc (the “Company”) (LSE: TM1), the first UK company focused on creating a sustainable circular economy for battery metals, announces that the Company has applied for a total of 27,560,655 new ordinary shares (“New Shares”) pursuant to issues of shares detailed in the following announcements made by the Company:

(1)  16 December 2021 – issue of 555,556 New Shares pursuant to an exercise of warrants;

(2)  9 March 2022 – issue of 21,013,440 New Shares pursuant to the acquisition of Blackbird Creek Property; and

(3)  17 March 2022 – issue of a total of 5,991,659 New Shares pursuant to services rendered.

Admission and Total Voting Rights

Application has been made for the 27,560,655 New Shares, which will rank pari passu in all respects with the existing ordinary shares of the Company, to be admitted to the Standard List segment of Official List and to trading on the main market of the London Stock Exchange plc, which is expected to occur on or around 8.00 a.m. on 24 March 2022 (“Admission”). Upon Admission, the total number of issued shares and the total number of voting rights in the Company will be 1,269,687,537.

The above figure of 1,269,687,537 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

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

 

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