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The latest update is out from Technology Minerals PLC ( (GB:TM1) ).
Technology Minerals PLC’s subsidiary, Recyclus Group Ltd, has entered into a black mass offtake agreement with Glencore plc, enhancing its global reach and reinforcing its strategy to sell to key geographical partners. This partnership provides Recyclus with access to the European market, offering a significant endorsement of their recycling processes and highlighting the growing demand for black mass, a crucial component in battery manufacturing. The collaboration with Glencore marks a pivotal step in expanding Recyclus’s market presence and underscores its role in the transition to electrification.
More about Technology Minerals PLC
Technology Minerals PLC is pioneering the sustainable circular economy for battery metals in the UK, focusing on recycling, recovering, and reusing battery technologies to promote renewable energy. The company holds a significant stake in Recyclus Group Ltd, which operates the UK’s first large-scale recycling facility for lithium-ion and lead acid batteries.
YTD Price Performance: -92.41%
Average Trading Volume: 6,128,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.99M
See more insights into TM1 stock on TipRanks’ Stock Analysis page.
