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Technology Minerals PLC ( (GB:TM1) ) has shared an update.
Technology Minerals PLC’s battery recycling business, Recyclus Group Ltd, has secured a contract to recycle lithium-ion battery packs from a global automotive company. This agreement involves processing numerous electric vehicle battery packs at Recyclus’ Wolverhampton facility and marks the company’s first international recycling contract. The collaboration underscores Recyclus’ expanding global influence in the lithium-ion battery recycling sector, highlighting the growing demand for its sustainable solutions and reinforcing its industry-leading position.
More about Technology Minerals PLC
Technology Minerals PLC is the first UK listed company dedicated to establishing a sustainable circular economy for battery metals. The company focuses on recycling, recovering, and reusing battery technologies to support a renewable energy future. It also ventures into raw material exploration required for lithium-ion batteries, addressing the ecological issues of spent batteries by recycling them for reuse.
YTD Price Performance: -33.33%
Average Trading Volume: 63,393,468
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.25M
For an in-depth examination of TM1 stock, go to TipRanks’ Stock Analysis page.
