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Technology Minerals Secures £8.1m for UK Lithium-ion Battery Recycling

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Technology Minerals Secures £8.1m for UK Lithium-ion Battery Recycling

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The latest announcement is out from Technology Minerals PLC ( (GB:TM1) ).

Technology Minerals PLC’s subsidiary, Recyclus Group, has secured £8.1 million in funding through a consortium with Mint Innovation, Jaguar Land Rover, and the University of Warwick to advance lithium-ion battery recycling in the UK. The project, partly funded by the UK government, aims to demonstrate Mint’s low-carbon refining technology, contributing to the UK’s circular battery supply chain for electric vehicles and supporting the country’s transition to a net-zero automotive supply chain.

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 UK-listed company focused on developing a sustainable circular economy for battery metals. The company specializes in recycling, recovering, and reusing battery technologies to support a renewable energy future. It is involved in raw material exploration for lithium-ion batteries and addresses ecological concerns by recycling spent batteries for reuse by manufacturers.

Average Trading Volume: 34,157,660

Technical Sentiment Signal: Sell

Current Market Cap: £1.54M

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

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