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An announcement from Technology Minerals PLC ( (GB:TM1) ) is now available.
Technology Minerals’ battery recycling affiliate Recyclus Group, in which it holds a 48.35% stake, has launched an equity crowdfunding campaign on Crowdcube at a pre-money valuation of £30m to fund further expansion. The raise follows a year of rapid growth for Recyclus, with 2025 revenue up 179% year-on-year and its first profitable months recorded in July and August.
Proceeds will be used to buy additional plant equipment to boost productivity, improve utilisation and enhance the quality and yield of recycled materials from its Wolverhampton lithium-ion facility, increasing value per tonne processed. The move underlines Recyclus’s role in shoring up the UK’s domestic supply of critical battery minerals as electrification accelerates, reinforcing Technology Minerals’ positioning at the heart of the battery metals circular economy.
Spark’s Take on GB:TM1 Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:TM1 stock, click here.
More about Technology Minerals PLC
Technology Minerals Plc is a London-listed company focused on building a sustainable circular economy for battery metals, combining raw material exploration for lithium-ion batteries with advanced recycling technologies to recover and re-use spent cells. Its 48.35% owned subsidiary, Recyclus Group, operates the UK’s first industrial-scale lithium-ion battery recycling facility, supporting domestic critical mineral supply chains and the transition to carbon neutrality.
Technical Sentiment Signal: Sell
Current Market Cap: £2.51M
For an in-depth examination of TM1 stock, go to TipRanks’ Overview page.