Technology Minerals PLC (GB:TM1) has released an update.
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Technology Minerals PLC has postponed the planned acquisition of battery recycling firm Recyclus Group due to London Stock Exchange re-admission requirements and unfavorable market conditions, choosing instead to focus on supporting Recyclus’ growth and potential new partnerships. Despite halting the merger, the company believes its share price does not reflect the value of its stake in Recyclus. Chairman Robin Brundle expresses support for Recyclus’ growth and the intention to revisit the merger when market conditions are more advantageous.
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