REG - Technology Minerals - Consortium with Mint, JLR and WMG awarded £8.1m

Technology MineralsAnnouncement

17/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250717:nRSQ3898Ra&default-theme=true

RNS Number : 3898R  Technology Minerals PLC  17 July 2025

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

17 July 2025

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Recyclus, in collaboration with Mint Innovation, Jaguar Land Rover and the
University of Warwick, wins £8.1m to accelerate Lithium-ion battery project

 

Technology Minerals Plc (LSE: TM1), the first UK listed company focused on
creating a sustainable circular economy for battery metals, is pleased to
announce that its 48.35% owned battery recycling business, Recyclus Group
("Recyclus"), through its 100% owned subsidiary LiBatt Recycling Ltd
("LiBatt"), has jointly secured  £8.1m in funding via a consortium with Mint
Innovation ("Mint"), Jaguar Land Rover ("JLR") and WMG, University of Warwick
("WMG"). The investment is fifty percent funded by the Department for Business
and Trade ("DBT") through the Advanced Propulsion Centre UK ("APC"), and the
balance by the project partners themselves.

 

Highlights:

·    Consortium between LiBatt, Mint, JLR, and WMG secures £8.1m to
accelerate UK lithium-ion ("Li-ion") battery recycling solution.

·    The project will prove Mint's low-carbon, hydrometallurgical black
mass refining technology at demonstration scale, with recycled critical
materials such as lithium, nickel and cobalt produced as part of an onshore
circular battery supply chain for electric vehicles ("EVs").

·    The £8.1m investment is jointly funded by the DBT through the APC
collaborative R&D funding programme, and by the project partners
themselves who are collectively contributing 50% of the total programme spend.

·    This initiative is part of the UK Government's £2.5bn DRIVE35
programme supporting the UK EV manufacturing supply chain and creating jobs in
a sustainable industry.

 

The Advanced Propulsion Centre UK (APC) collaborates with UK government, the
automotive industry, and academia to facilitate driving research and
investment in zero-emission vehicle manufacturing. Established in 2013 and
jointly funded by the Department for Business and Trade (DBT and the
automotive industry, the APC accelerates the technologies that support the
transition to zero-emission vehicle manufacturing and towards a net-zero
automotive supply chain in the UK.   

 

Recyclus-owned LiBatt Recycling, as the UK's first industrial-scale
lithium-ion battery recycler - delivering cradle-to-cradle solutions to
support the sector in the establishment of circular economy to return critical
battery minerals to the supply chain - will provide its market-leading
expertise and manufacturing capability to help bring Mint's process to
commercial readiness.

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said:
"We're thrilled to be collaborating with Mint Innovation, JLR, and WMG on this
ground-breaking project, which marks a major milestone in advancing the UK's
circular Li-ion battery economy.

Securing £4.05 million through the APC is not only a strong vote of
confidence in the consortium, but also in the role innovative recycling
technologies will play in securing domestic supply of critical materials.

"Mint's scalable, low carbon black mass refining process is exactly what the
industry needs, and we believe this project will deliver tangible results that
move us significantly closer to realising our cradle-to-cradle vision - where
end-of-life batteries become the foundation for the next generation."

 

Dr Will Barker, CEO of Mint Innovation, said: "Our team is incredibly excited
to partner with JLR, LiBatt Recycling, and the University of Warwick in this
innovative consortium. Together, we're able to advance zero emission
automative manufacturing at a faster pace, pioneering sustainable lithium-ion
battery recycling solutions to secure onshore supply of green materials
critical for the UK's rapidly growing EV industry."

 

Enquiries

 

 Technology Minerals Plc
 Robin Brundle, Executive Chairman          c/o +44 (0)20 4582 3500

 Alex Stanbury, Chief Executive Officer

 Oberon Investments Limited (Broker)
 Nick Lovering, Adam Pollock                +44 (0)20 3179 0500

 Gracechurch Group (Financial PR)
 Harry Chathli, Alexis Gore, Rebecca Scott  +44 (0)20 4582 3500

 

Technology Minerals Plc

 

Technology Minerals is developing the UK's first listed, sustainable circular
economy for battery metals, using cutting-edge technology to recycle, recover,
and re-use battery technologies for a renewable energy future. Technology
Minerals is focused on raw material exploration required for Li-ion batteries,
whilst solving the ecological issue of spent Li-ion batteries, by recycling
them for re-use by battery manufacturers. Further information on Technology
Minerals is available at  www.technologyminerals.co.uk
(http://www.technologyminerals.co.uk/) .

 

Recyclus Group Ltd

 

Since July 2023, Recyclus Group has operated a national, industrial-scale
lithium-ion battery recycling service that supports the UK's transition to
carbon neutrality. The Group's commitment to cradle-to-cradle battery
recycling reduces reliance on the extraction of virgin materials, promotes a
circular economy for these metals within the UK, supports the advancement of
next-generation recycling technologies, and aligns with the UK's resilience
and critical minerals strategy.

 

With strategic backing from Technology Minerals, Recyclus plays a central role
in lithium-ion battery recycling and contributes significantly to the circular
economy for battery metals.

 

Further information on Recyclus Group is available at
https://www.recyclusgroup.com/ (https://www.recyclusgroup.com/)

 

About Mint Innovation

 

Mint Innovation, a leading cleantech company accelerating circular green
metals into local economies, uses naturally occurring biomass, hydrometallurgy
and smart chemistry to carefully extract green metals from waste. Mint
Innovation launched the world's first commercial scale PCB recovery technology
in Sydney 2022, and has plans to scale the technology globally, and expand
technology to break down other harmful waste streams.

 

Mint's patented technology has been announced at COP28 as a runner-up in the
'Outstanding Projects' category by Mission Innovation's Net-Zero Awards and
won the 2023 InnovationAus awards for Advanced Manufacturing and Energy and
Renewables. Mint was also recognised as the World Economic Forum's Technology
Pioneer in 2022.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDDGGDRCBBDGUL