REG - Technology Minerals - New Separation Equipment Processing Material

Technology MineralsAnnouncement

28/04/2026 07:00

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RNS Number : 1069C  Technology Minerals PLC  28 April 2026

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.

28 April 2026

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

New Separation Equipment Operational and Processing Material

Technology Minerals Plc (LSE: TM1), the first UK listed company focused on
creating national resource and manufacturing resilience through a sustainable
circular economy for battery metals and other critical resources, is pleased
to update shareholders on a significant operational development at its 48.35%
owned subsidiary and the UK's first industrial-scale lithium-ion battery
recycler, Recyclus Group Ltd ("Recyclus").

New separation equipment operational

New separation equipment has recently been installed at Recyclus's
Wolverhampton facility and is now operational. The equipment has been designed
to recover copper (Cu) and aluminium (Al) as discrete commercial outputs from
processed battery materials. Copper and aluminium have not previously been
captured as separate revenue streams by Recyclus, and their recovery
represents a material addition to the output value of each tonne processed.

Once fully integrated into the primary processing line, the new equipment will
enable black mass, copper and aluminium to be separated and recovered in a
single continuous process. This represents a significant operational advance,
improving both the efficiency and the commercial output of each processing run
going forward.

Bridge facility

In order to facilitate the prompt deployment of the new equipment, Technology
Minerals has provided a short-term bridge loan of £100,000 to Recyclus (the
"Bridge Facility"), carrying applicable interest. The Bridge Facility is
expected to be repaid in full, from the proceeds of materials processed, by 20
July 2026, as described further below.

Expected commercial impact

The equipment is expected to deliver improved black mass recovery per tonne of
material processed. In addition, the recovery of copper and aluminium as
separately saleable outputs will generate revenue streams not previously
available to Recyclus. Based on current London Metal Exchange pricing and
applicable treatment and refining charges, the Company's expected net payable
for copper is approximately £8,000 per tonne and approximately £1,300 per
tonne for aluminium. The Board expects these recoveries to make a material
contribution to revenue per tonne of feedstock processed.

Reprocessing of previously processed material held on site commenced
immediately upon installation of the equipment. Approximately 180 tonnes
remain to be processed, containing recoverable black mass, copper and
aluminium. The Board expects reprocessing to be completed within approximately
12 weeks, with proceeds expected to repay the Bridge Facility in full.

The Board wishes to make clear that primary processing operations at the
Wolverhampton facility have continued with the only interruption being the
period of installation of the new plant. Batteries have continued to be
received and processed through the facility on an ongoing basis. The stockpile
described above represents a separate, discrete stream of material that had
already completed primary processing and is entirely distinct from the
Company's regular incoming feedstock and ongoing production activity.

The Board will provide a further update on operational performance as the
reprocessing programme progresses.

Strategic context

This development reflects the Board's focus on extracting maximum value from
Recyclus's existing processing capacity. The Company is advancing a number of
additional strategic initiatives and will update shareholders in due course.

Alex Stanbury, CEO of Technology Minerals and Director of Recyclus, said: "We
are pleased to announce that the equipment is now operational and already
processing material, representing a significant milestone for Recyclus. This
capability unlocks copper and aluminium as new commercial revenue streams, and
enables the simultaneous recovery of all three outputs, black mass, copper and
aluminium, in a single continuous process.

We have approximately 180 tonnes of legacy material to work through, which we
expect to complete within twelve weeks. Importantly, this sits entirely
alongside our ongoing operations. This development demonstrates exactly how we
intend to build value at site: systematically, efficiently, and with a direct
line of sight to revenue."

Enquiries

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

Alex Stanbury, Chief Executive Officer

 Fortified Securities (Lead Broker)
 Guy Wheatley                               +44 (0)20 3411 7773

 Oberon Investments Limited (Joint 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.

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 www.recyclusgroup.com

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