Technology Minerals PLC Reports Strong Interim Results and Strategic Advancements

Technology Minerals PLC ( (GB:TM1) ) has issued an announcement.

Technology Minerals PLC announced its interim results for the six months ending December 2024, highlighting significant progress in its operations. The company sold its interest in exploration licenses in Leinster, Ireland, to European Lithium, enhancing its business model of identifying and advancing early-stage projects. Recyclus Group Ltd, 48.35% owned by Technology Minerals, secured multiple agreements, including a black mass offtake agreement with Glencore and recycling contracts with major companies like Halfords and Ocado. These developments position Recyclus as a leader in Li-ion battery recycling and demonstrate growing commercial traction, which is expected to drive further growth and value for stakeholders.

More about Technology Minerals PLC

Technology Minerals PLC is the first listed UK company focused on creating a sustainable circular economy for battery metals. The company utilizes cutting-edge technology to recycle, recover, and re-use battery technologies, supporting the transition to renewable energy. It is involved in raw material exploration for Li-ion batteries and addresses the ecological issue of spent Li-ion batteries by recycling them for reuse by battery manufacturers.

YTD Price Performance: -42.86%

Average Trading Volume: 42,938,680

Technical Sentiment Signal: Buy

Current Market Cap: £2.32M

For detailed information about TM1 stock, go to TipRanks’ Stock Analysis page.