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Technology Minerals PLC ( (GB:TM1) ) just unveiled an update.
Technology Minerals PLC has secured irrevocable commitments for a £350,000 equity subscription at a premium to its pre-suspension share price, alongside appointing Fortified Securities as lead broker and proposing two new non-executive directors, defence-sector specialists Nick Bridle and Mick Cataldo, who will help drive expansion opportunities in critical materials resilience and circular-economy projects. The company is also progressing the delayed audit of its June 2025 accounts, negotiating conditional settlements of £3.3m and £1.7m with key convertible loan note holders Jonathan Swann and Atlas to remove conversion overhangs and reshape its balance sheet, and highlighting improving operational performance at its Recyclus lithium-ion battery recycling business, which posted record December 2025 revenues and continues to benefit from £8.1m-backed “Project Comet” funding to scale UK-based recycling and refining capabilities, reinforcing Technology Minerals’ strategic role in domestic battery supply chains.
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, listed on London’s Main Market, positions itself as the first UK-listed company dedicated to building resource and manufacturing resilience for battery metals and other critical materials via a sustainable circular-economy model. The group’s core focus is on “urban mining” and domestic recovery of rare earths and battery minerals, primarily through its 48.35%-owned Recyclus Group, which operates industrial-scale lithium-ion battery recycling and works with major industrial and academic partners to supply processed battery-grade materials back into UK supply chains.
Average Trading Volume: 15,836,679
Technical Sentiment Signal: Sell
Current Market Cap: £2.51M
For an in-depth examination of TM1 stock, go to TipRanks’ Overview page.