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Technology Minerals PLC
(LSE:TM1)
Technology Minerals PLC (TM1) vs. iShares MSCI United Kingdom ETF (EWC)
Technology Minerals PLC Business Overview & Revenue Model
Technology Minerals PLC Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.00K | 0.00 | -1.00K | -3.00K | 0.00 |
| EBITDA | -1.19M | -2.41M | -3.85M | -1.78M | 206.30K |
| Net Income | -4.29M | -6.63M | -3.91M | -1.78M | -387.00K |
Balance Sheet | |||||
| Total Assets | 23.60M | 23.57M | 23.91M | 24.50M | 21.52M |
| Cash, Cash Equivalents and Short-Term Investments | 14.00K | 15.00K | 318.00K | 325.00K | 3.30M |
| Total Debt | 3.87M | 3.60M | 1.56M | 21.00K | 0.00 |
| Total Liabilities | 7.28M | 8.22M | 2.23M | 3.51M | 537.00K |
| Stockholders Equity | 16.31M | 15.34M | 21.67M | 20.96M | 20.98M |
Cash Flow | |||||
| Free Cash Flow | -280.00K | -2.19M | -2.27M | -2.28M | 9.00K |
| Operating Cash Flow | -1.48M | -1.79M | -1.93M | -1.38M | 9.00K |
| Investing Cash Flow | -121.00K | -2.59M | -2.13M | -4.55M | 0.00 |
| Financing Cash Flow | 400.00K | 4.08M | 4.01M | 6.30M | 0.00 |
Technology Minerals PLC Technical Analysis
Technology Minerals PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
53 Neutral | £1.66M | ― | -44.38% | ― | -10.35% | 33.33% | |
44 Neutral | AU$1.43B | -6.04 | -40.74% | 3.91% | -3.45% | -41.77% | |
32 Underperform | £1.62M | ― | -23.19% | ― | ― | 17.65% | |
| £1.29M | ― | -24.55% | ― | ― | ― | ||
| £1.67M | ― | -69.82% | ― | ― | ― | ||
| £2.72M | ― | -35.82% | ― | ― | ― | ||
| £2.71M | ― | -15.35% | ― | ― | ― |
Technology Minerals PLC Corporate Events
Robin Brundle, Chairman of Technology Minerals Plc, has been appointed to the Board of Trustees for the Faraday Institution, a leading UK research body in electrochemical energy storage. This appointment aligns with the company’s mission to foster a circular economy for battery metals and enhances its strategic positioning within the energy storage sector. Brundle’s expertise in battery recycling and his role in government policy make him a valuable addition to the Faraday Institution, which aims to position the UK as a leader in battery technology research and development.
Spark’s Take on GB:TM1 Stock
According to Spark, TipRanks’ AI Analyst, GB:TM1 is a Underperform.
Technology Minerals PLC faces significant financial challenges with no revenue and persistent losses, heavily impacting its score. Despite recent positive corporate developments in strategic areas like battery recycling, the poor financial health and weak technical indicators result in a low overall score. Future growth potential hinges on successful execution of strategic initiatives.
To see Spark’s full report on GB:TM1 stock, click here.
Technology Minerals PLC has announced the issuance of new Ordinary shares to settle accrued and unpaid directors’ fees and professional adviser fees. This move involves issuing 460,810,700 new shares, which will be admitted to the London Stock Exchange. The issuance aims to manage financial obligations without requiring a prospectus, impacting the company’s share capital and voting rights.
Spark’s Take on GB:TM1 Stock
According to Spark, TipRanks’ AI Analyst, GB:TM1 is a Underperform.
Technology Minerals PLC faces severe financial difficulties with no revenue and increasing losses, heavily impacting its stock score. Despite positive corporate developments in battery recycling, the weak financials and poor valuation metrics dominate the overall assessment, resulting in a low score.
To see Spark’s full report on GB:TM1 stock, click here.
Technology Minerals Plc’s subsidiary, Recyclus Group Ltd, has secured its largest contract to date, a 12-month agreement with a global industrial group to recycle lithium-ion batteries at its Wolverhampton plant. This contract, potentially generating up to £2 million in revenue, underscores Recyclus’ growing reputation and strengthens its position as a leading provider of battery recycling solutions, crucial for addressing the increasing demand for sustainable battery disposal as electrification advances.
Spark’s Take on GB:TM1 Stock
According to Spark, TipRanks’ AI Analyst, GB:TM1 is a Neutral.
Technology Minerals PLC’s financial performance is weak, with no revenue and persistent losses, which heavily impact the overall score. However, positive corporate events and strategic advancements in the battery recycling sector provide some hope for future growth. Technical indicators suggest some stabilization, but the valuation remains poor due to ongoing losses.
To see Spark’s full report on GB:TM1 stock, click here.
Technology Minerals Plc announced the application for admission of 10,362,520 Ordinary shares to be issued to Atlas Capital Markets LLC, maintaining the total funds drawn under their £5.5 million facility at £2.5 million. This move will increase the total number of issued shares and voting rights to 2,333,583,515, impacting shareholder calculations under the Financial Conduct Authority’s rules.
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.
Technology Minerals Plc, through its 48.35% owned subsidiary Recyclus Group Ltd, has commenced the delivery of its first shipment of black mass to Europe under an offtake agreement with Glencore plc. This milestone marks Recyclus’ ability to consistently produce black mass, which contains critical metals like lithium, manganese, nickel, and cobalt, essential for the battery supply chain. The shipments signify Recyclus’ positioning as a leader in the battery recycling sector, supporting the global shift towards electrification and meeting the growing demand for lithium-ion battery recycling.
Technology Minerals PLC has completed the sale of its interest in exploration licenses in Leinster, Ireland, to European Lithium Limited. This transaction aligns with the company’s strategy to advance early-stage projects and attract potential buyers, thereby delivering value to the company and its shareholders.
Technology Minerals Plc, through its 48.35% owned subsidiary Recyclus Group Ltd, has secured a Transfrontier Shipment of Waste (TFS) licence, allowing the transportation of black mass to Europe under an agreement with Glencore. This development marks a significant milestone for Recyclus, as it begins shipping black mass, a valuable commodity in the recycling industry containing metals like lithium and cobalt, in March 2025. The partnership with Glencore highlights the credibility of Recyclus’ technology and its crucial role in the battery metals circular economy.