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Alan Green covers Conroy Gold #CGNR and Technology Minerals #TM1 on this week’s Stockbox Research Talks

Alan Green covers Conroy Gold #CGNR and Technology Minerals #TM1 on this week’s Stockbox Research Talks

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.

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  

Quoted Micro 22 November 2021

AQUIS STOCK EXCHANGE

Globe Capital (GCAP) has reported its 2020 and latest interim results and undergone board changes. Simon Grant-Rennick becomes executive chairman and Burns Singh Tennent-Bhohi an executive director. They are advancing £100,000 via a convertible, which will convert at 0.04p a share following the upcoming AGM. More cash will be raised, and a new corporate strategy announced. There was £23,000 in the bank at the end of June 2021. There were net liabilities. Peterhouse has been appointed as corporate adviser.

Voyager Life (VOY) interim revenues were £59,000 and it remains loss making. There was £1.74m in cash at the middle of November 2021 and monthly overheads are below £50,000. The CBD products supplier is getting its products stocked in retailers and has opened its third store.

Helium Ventures (HEV) has made its maiden investment in Blue Star Helium, which has the Voyager prospect at Las Animas County Colorado. There are indications that it could have one of the highest helium concentrations in the US. A maiden well could be drilled in December.

Sativa Wellness Inc (SWEL) is offering a range of blood tests through 40 Superdrug sites.

Tectonic Gold (TTAU) has completed the Specimen Hill drilling campaign. Initial results for Goldsmith’s Reef, which was mined 100 years ago, has had some positive drilling results and there are more results to come. This will help to secure a partner.

Wishbone Gold (WSBN) is preparing to drill at Red Setter in Western Australia. Four high priority zones have been identified. Wishbone raised £126,000 at 14p a share.

EPE Special Opportunities Ltd (ESO) plans to issue up to 25 million zero dividend preference shares at 100p each.

Pioneer Media Holdings Inc (PNER) has raised C$1.1m at C$1 per unit (one share and one warrant exercisable at C$1.50). Investee company Leaf Mobile Inc is raising cash ahead of a proposed standard listing.

IamFire (FIRE) has an option to subscribe up to $4.5m into convertible loan notes of former Aquis company Boanerges. They convert into shares at 75p each.

Coinsilium Group Ltd (COIN) sold 4.58 million treasury shares at 10p each to raise £458,000.

Omni Egis (OMNI) is leaving Aquis on 24 November.

Scott Livingston has taken a 5.16% stake in Silverwood Brands (SLWD).

AIM

Acoustic and thermal insulation material manufacturer Autins Group (AUTG) has raised £3m at 20p a share, which was a significant discount to the market price. The cash will be used to develop the Neptune acoustic material manufacturing facilities and in product development for electric vehicles.

Steel structures supplier Billington (BILN) has been hit by short-term delays to contracts, which has knocked £3.5m off forecast 2021 revenues. That has led to a halving of the 2021 forecast pre-tax profit to £1.1m. The order book is still strong.

Microbiome-based products developer Optibiotix Health (OPTI) has sold 3.64 million shares in SkinBioTerapeutics (SBTX) at 55p each and raised £2m. Optibiotix still owns 20.7% of the company and that stake is valued at £18m.

Managed IT and networking services provider AdEPT Technology (ADT) increased interim revenues by one-fifth to £34.3m. Underlying pre-tax profit was 16% higher at £3.5m and earnings per share were 30% ahead at 13.2p due to a lower tax charge. Net debt was £31.2m at the end of September 2021, which was after spending £9m on acquiring Datrix.

Ilika (IKA) says that its Stereax and Goliath battery technologies remain on track. Commercial revenues from the smaller Stereax batteries should commence in 2022. Once lithium-ion equivalence is achieved Ilika will seek a partner for Goliath.

Health services provider Totally (TLY) had a strong interim period as insourcing and planned care revenues improved. Organic revenue growth was 14%, while the underlying pre-tax profit was £2.1m. There was £18.3m in cash at the end of September 2021, which provides plenty of fire power for making acquisitions in the out of hospital care sector. The urgent care business has been winning contracts and extensions to existing ones. Full year pre-tax profit could improve from £2.5m to £4.1m with more growth to come from the existing operations as demand returns to more normal levels.

Arden has updated its forecast for Dekel Agri-Vision (DKL) due to shipping delays holding up the start of production at the cashew plant. Palm oil production and revenues continue to grow. This means that the company will not make a pre-tax profit in 2021, but it should still make a substantial 2022 profit.

Trakm8 (TRAK) has not done well in recent years but the latest statement from the telemetry equipment and services provider has sparked an upgrade. The company should breakeven this year and make a significant profit in 2022-23.

MAIN MARKET

Technology-focused shell Red Capital (REDC) raised £4m at 10p a share and after expenses it has total cash of £725,000. The shares certainly jumped when trading commenced and closed at 25.5p. This is the latest vehicle floated by Marwyn Capital founder David Williams.

PYX Resources Ltd (PYX) was already quoted on the NSX in Australia before joining the standard list. PYX is in a strong position as the second largest resources of zircon in the world with zircon prices increasing and demand remaining strong. It has two mineral sands projects in Central Kalimantan in Indonesia with one already in production. No new money was raised. Trading started at 94p a share and ended the week at 92.8p a share. There was solid trading in the shares all week.

Technology Minerals (TM1) was set up as investment company after Stranger Holdings (STPH) decided not to proceed with the acquisition of Technology Minerals and related assets. It has acquired these assets and is building a business that covers the battery cycle from exploration and mining to recycling. The main focus is on the Emperium project in Idaho, where £100,000 will be spent over up to 18 months. The company raised £1.5m at 2.25p a share and issued 786.2 million shares to acquire the assets. The share price opened at 2.6p and ended the first day at 3.25p. It ended the week at 3.5875p.

A general meeting has been requisitioned at East Imperial (EISB) by Andrew Regan of Corvus Capital. He wants to remove two directors and replace them with his picks. The board criticises the experience of his choices.

Andrew Hore

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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