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Gelion PLC ( (GB:GELN) ) has issued an update.
Gelion PLC’s subsidiary, Battery Minerals Ltd, is making significant strides in developing a novel lithium-ion battery recycling technology, originally based on a process from Johnson Matthey. With the global battery recycling market expected to grow substantially, Battery Minerals is well-positioned to tackle battery waste and mineral supply challenges. Recent advancements include key team appointments, the commissioning of a testing facility, and the strengthening of its intellectual property portfolio, which enhances its competitive edge in the market.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on commercializing next-generation battery technologies, including sulfur-based, lithium-sulfur, sodium-sulfur, and zinc-based hybrid cells. The company also specializes in lithium-ion recycling processes, aiming to support the transition to a sustainable economy. Gelion is listed on the London Stock Exchange’s Alternative Investment Market and owns subsidiaries in the UK and Australia.
Average Trading Volume: 127,229
Technical Sentiment Signal: Buy
Current Market Cap: £42.44M
For a thorough assessment of GELN stock, go to TipRanks’ Stock Analysis page.