REG - Gelion PLC - Glencore and Gelion JDA Announcement

GelionAnnouncement

26/06/2024 07:00

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RNS Number : 9304T  Gelion PLC  26 June 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON PUBLICATION OF THIS
ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC.

 

26 June 2024

Gelion plc

("Gelion" or the "Company" or the "Group")

 

Glencore and Gelion Joint Development Agreement Announcement

 

Gelion (AIM: GELN), the Anglo-Australian battery innovator, has signed a Joint
Development Agreement ("JDA") with Glencore International AG ("Glencore"), one
of the world's largest globally diversified resource companies. This JDA aims
to accelerate the commercialisation of Gelion's next generation battery
technologies by leveraging Glencore's expertise in battery materials and
recycling alongside Gelion's IP and battery technology innovation expertise.

 

Objectives:

 

 ·         Coordinate together assess the suitability of Gelion's battery technologies
           for Glencore's use in its stationary and / or mobile applications.
 ·         Following this coordination initiate a pilot testing programme to validate
           opportunity identified.
 ·         Conduct a review of the supply chain input materials necessary for
           manufacturing Gelion's battery technologies identifying synergies for
           Glencore's strategic supply of materials to Gelion.
 ·         Explore synergies regarding future recycling of batteries.

 

There is also scope within the JDA to consider possible future commercial
arrangements, which may include:

 

 ·         Gelion supply of batteries to Glencore with preferential terms.
 ·         Glencore or its affiliates supply of battery input materials to Gelion.
 ·         Cooperation between the parties with respect to battery recycling.

 

 

Commenting on the Announcement, John Wood, Gelion CEO said: "We are delighted
to sign a JDA alongside global industry leader Glencore. This JDA provides
opportunity to assess alongside Glencore the scope of opportunity to
potentially introduce Gelion's next-generation battery technologies to the
global mining sector.

 

The objective is to combine the strength of Glencore's operational application
knowledge and raw materials supply with Gelion's next-generation battery
technology innovation understanding to investigate the match of performance to
mining applications. We are also excited to explore any potential synergies
with Glencore in the field of lithium-ion battery recycling by leveraging the
IP recycling patent portfolio Gelion acquired from Johnson Matthey in 2023".

 

 

CONTACTS

 

 Gelion plc                                                        via Alma

 John Wood, CEO

 Amit Gupta, CFO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  +44 207 220 0500
 Corporate Finance

 Neil McDonald

 Seamus Fricker

 Fergus Sullivan

 ECM

 Leif Powis

 Alma Strategic Communications (Financial PR Adviser)              +44 20 3405 0205

 Justine James                                                     gelion@almastrategic.com

 Hannah Campbell

 Will Ellis Hancock

 

About Gelion

 

Gelion ("gel: ion") is a global -energy storage innovator, supporting the
transition to a more sustainable economy by commercialising two globally
important next generation technologies: Lithium-Sulfur (Li-S) and Zinc-based
(Zn) hybrid cells to electrify mobile and stationary applications. Gelion plc
(the Group) is listed on the London Stock Exchange's AIM market and wholly
owns Australia based Gelion Technologies Pty Ltd and UK based OXLiD Ltd and
Battery Minerals Ltd. Gelion is designing and delivering innovative battery
technologies to enable that transition and return value for its customers and
investors.

 

Lithium Sulfur

Gelion's effort is directed at the potential for the Li-S chemistry to deliver
double the gravimetric energy density of standard Lithium-ion chemistries
whilst concurrently reducing cost and increasing safety, targeting the EV and
e-aviation market, helping to make global transport, energy consumption and
storage more sustainable.

 

Gelion is developing a product for its high energy density sulfur cathode at
its expanded R&D facilities in Sydney, enabling it to integrate with a
variety of anodes ranging from graphite to silicon to lithium metal, depending
on the targeted application.

 

Gelion recently also expanded in the UK by acquiring OXLiD Ltd, significantly
increasing its capability in cathode improvement thereby accelerating path to
commercial partners and commercialisation.

 

Zinc

Gelion is adapting its zinc technology to comprise an alternate cathode
technology, a zinc hybrid cell to develop complementary next-generation
batteries for the lead-acid eco-system. Early testing indicates that this
solution has the potential to maintain good energy density levels with
enhanced cost and safety aspects. Once fully developed, Gelion intends for its
zinc technology to provide a durable and sustainable market extension within
the ecosystem that supports lead-acid batteries.

 

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