The latest announcement is out from Technology Minerals PLC ( (GB:TM1) ).
Technology Minerals Plc, through its 48.35% owned subsidiary Recyclus Group Ltd, has commenced the delivery of its first shipment of black mass to Europe under an offtake agreement with Glencore plc. This milestone marks Recyclus’ ability to consistently produce black mass, which contains critical metals like lithium, manganese, nickel, and cobalt, essential for the battery supply chain. The shipments signify Recyclus’ positioning as a leader in the battery recycling sector, supporting the global shift towards electrification and meeting the growing demand for lithium-ion battery recycling.
More about Technology Minerals PLC
Technology Minerals Plc is a UK-based company focused on developing a sustainable circular economy for battery metals. It utilizes advanced technology to recycle, recover, and reuse battery technologies, addressing the ecological challenges posed by spent lithium-ion batteries. The company is also involved in raw material exploration necessary for lithium-ion batteries, contributing to the renewable energy future.
YTD Price Performance: -48.89%
Average Trading Volume: 42,567,486
Technical Sentiment Signal: Buy
Current Market Cap: £2.15M
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