Technology Minerals Finalizes LRH Resources Sale to European Lithium

An update from Technology Minerals PLC ( (GB:TM1) ) is now available.

Technology Minerals Plc has announced the final stages of its transaction with European Lithium, involving the sale of its interest in LRH Resources. This transaction includes a Settlement Agreement with Global Battery Metals Ltd to terminate their joint venture, receiving shares valued at US$10 million in return. The completion of this deal signifies Technology Minerals’ strategic move to focus on its core operations, potentially enhancing its market positioning in the battery metals industry.

More about Technology Minerals PLC

Technology Minerals Plc is a pioneering UK-based company focused on developing a sustainable circular economy for battery metals. It employs cutting-edge technology to recycle, recover, and re-use battery technologies, addressing ecological issues related to spent Li-ion batteries and supporting a renewable energy future. The company is involved in raw material exploration for Li-ion batteries and aims to provide recycled resources for battery manufacturers.

YTD Price Performance: -31.43%

Average Trading Volume: 93,533,516

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.79M

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