Technology Minerals posts interim progress as Recyclus hits cash-flow milestone and targets rare earths

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

Technology Minerals reported interim results for the six months to 31 December 2025, highlighting progress across exploration and recycling while navigating a temporary suspension of trading pending publication of its annual report. The company identified high-priority multi-commodity targets, including rare earths at its Cameroon project, and began assessing opportunities to recover rare earths and other critical minerals from underused industrial by-products in the UK, aiming to bolster domestic supply resilience and convert legacy waste into valuable resources.

The group also moved to strengthen its board with proposed non-executive appointments to support expansion into new operational verticals aligned with national resilience, defence, security and critical infrastructure supply chains. Post period, Technology Minerals raised fresh equity, renegotiated loan terms with Recyclus to secure board representation and interest, and advanced a conditional settlement with convertible loan note holders expected to materially improve its balance sheet.

Recyclus delivered a period of strong commercial and operational momentum, achieving its first months of positive cash flow in mid-2025 and record monthly revenues in December despite a temporary interruption in feedstock from a key customer. The subsidiary’s black mass offtake agreement with Glencore is performing ahead of contracted volumes, while its LiBatt unit joined a government-backed consortium with Jaguar Land Rover, Mint Innovation and WMG to accelerate UK lithium-ion recycling innovation, and secured external loan financing and a crowdfunding campaign to support further plant investment and scale-up.

Spark’s Take on TM1 Stock

According to Spark, TipRanks’ AI Analyst, TM1 is a Underperform.

Technology Minerals PLC has a low overall stock score due to poor financial performance and weak technical indicators. Despite some positive corporate developments in battery recycling, the lack of revenue and persistent losses significantly impact the score. Strategic initiatives, if successfully executed, could improve future prospects.

To see Spark’s full report on TM1 stock, click here.

More about Technology Minerals PLC

Technology Minerals Plc is a UK listed company focused on building a sustainable circular economy for battery metals and other critical resources. The group combines raw material exploration, including projects such as its 100%-owned TMC Project in Cameroon, with lithium-ion battery recycling operations via its 48.35%-owned subsidiary Recyclus Group. Its strategy targets domestic supply chain resilience for critical materials, reducing reliance on imports while addressing environmental challenges from spent batteries and industrial by-products.

Technical Sentiment Signal: Sell

Current Market Cap: £2.51M

Find detailed analytics on TM1 stock on TipRanks’ Stock Analysis page.