REG - Technology Minerals - Recyclus secures funding for recycling project

Technology MineralsAnnouncement

05/05/2026 09:00

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RNS Number : 9078C  Technology Minerals PLC  05 May 2026

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5 May 2026

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Recyclus secures funding for recycling project

 

Recyclus, in collaboration with Watercycle Technologies, the UK Battery
Industrialisation Centre, and Polaron, secures Battery Innovation Programme
funding for Li-ion battery recycling project

 

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 announce that a consortium which includes its 48.35% owned subsidiary and
the UK's first industrial-scale lithium-ion ("Li-ion") battery recycler,
Recyclus Group ("Recyclus"), has secured funding with Watercycle Technologies
("Watercycle"), the UK Battery Industrialisation Centre ("UKBIC"), and Polaron
from the Battery Innovation Programme.

The funding will develop 'ReCAM', a pioneering system converting black mass
from Li-ion battery waste into high-value cathode active materials for re-use
in new batteries in the UK for the first time. This in turn reduces the need
to export black mass overseas for processing, returning value to the UK supply
chain for critical metals, whilst decreasing emissions and reliance on
international supply chains.  The system utilises a single-step, zero-waste
approach providing significant cost and time savings, in a modular, on-site
format enabling more flexible and economically viable battery recycling in the
UK.

Recyclus will support Watercycle in the deployment of a pilot-scale ReCAM
system capable of processing 250kg of material per hour at Recyclus'
industrial scale battery recycling plant in Wolverhampton, also utilising
Polaron's AI-driven process optimisation platform to bring output to battery
grade use as soon as possible. For this, Recyclus will receive c. £400,000 of
the Grant.

The initiative is being delivered by Innovate UK and supported by the
Department for Business and Trade, and is funded under the UK's wider £452
million Battery Innovation Programme, a government-backed effort supporting
the transition to net zero.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus,
said: "We are delighted to have been awarded this funding and to be working
alongside such gifted partners. This is a British-centric programme built
around UK resilience and that is something we at Recyclus are extremely proud
of. By enabling black mass to be processed locally, ReCAM will allow for a
great deal more of a waste battery's value to be kept within the UK economy
whilst significantly strengthening the UK's circular battery supply chain."

Dr Ahmed Abdelkarim, Co-founder at Watercycle Technologies, said: "By
establishing a viable UK-based route for refining battery waste into reusable
materials we can unlock significant economic value, reduce emissions
associated with exports and enhance the resilience of the UK battery
ecosystem."

Dr Isaac Squires, CEO and Co-founder of Polaron, said: "For recycled battery
materials to be used again at scale, they need to prove they can be
performant. Our role in ReCAM is to help the consortium understand how process
conditions shape cathode microstructure and performance, so promising recycled
materials can move closer to battery-grade use as quickly as possible."

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
(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 www.recyclusgroup.com
(http://www.recyclusgroup.com/)

 

About the Battery Innovation Programme

 

The Battery Innovation Programme, a UK government funded programme, delivered
by Innovate UK and supported by the Department for Business and Trade, as part
of the government's Industrial Strategy, is a £452 million programme running
from 2026 to 2030. It is designed to grow the UK economy by accelerating
battery innovation and enhancing the nation's global competitiveness across
automotive, aerospace, off highway, storage and maritime.

 

About Watercycle Technologies

Watercycle Technologies develops systems that turn waste into worth and make
finite resources infinite. Its proprietary end-to-end mineral recovery systems
recover critical minerals and clean water close to source, enabling circular,
modular and scalable production that strengthens resource resilience.

The company is the first to commercialise a modular Direct Lithium Extraction
system in Europe, capable of delivering high-purity lithium and other minerals
while generating clean water as a co-product. Each system is adaptable and can
be deployed in remote areas or within existing industrial plants providing a
flexible solution that allows partners to trial, integrate and scale quickly.
Watercycle Technologies began life as a University of Manchester spin out
rooted in advanced membrane development for critical material separation.
Since 2016 the team has scaled its proprietary DLEC™ process from bench
scale to containerised pilot systems that have consistently produced
battery-grade lithium carbonate from a range of brines. Backed by a $5.6m
investment round and a rapidly growing team, Watercycle has transformed
breakthrough materials science into a commercial reality. The switch-on of the
Runcorn plant marks the company's move from innovation to industrial
production and a major step forward for the UK's domestic lithium supply
chain.

 

About UKBIC

 

UKBIC is the UK's national manufacturing development facility, providing
scale-up, laboratory expertise, and module and pack assembly, and helping
develop skills to support the sector.

By bridging the gap between research and high-volume manufacturing, UKBIC
plays a critical role in supporting the UK's transition to net zero and
strengthening its position in the global battery supply chain.

 

UKBIC provides state-of-the-art equipment, technical expertise, and training
to help manufacturers and researchers validate processes, optimise
performance, and reduce risk before committing to large-scale investment.

The facility offers both pilot and industrial-scale lines, enabling customers
to trial new materials and processes under real-world conditions.

 

UKBIC also supplies its own benchmark products for component testing and
delivers specialist training to develop the skills required for a
battery-powered future.

UKBIC is uniquely positioned to tackle complex manufacturing challenges. With
expertise in processing diverse materials and products, and access to a broad
range of advanced technologies, its engineers bring a comprehensive
understanding of issues that span the entire battery value chain.

 

UKBIC is a delivery partner for the Battery Innovation Programme, funded by
the Department for Business and Trade and delivered by Innovate UK.

About Polaron

 

Polaron is an AI-first materials company building the intelligence layer for
the physical world. Spun out from Imperial College London, Polaron combines
state-of-the-art generative AI with deep materials science expertise to
accelerate the development of advanced materials. The company's platform is
used by world-leading manufacturers to characterise materials, optimise
processes, and design higher-performing products.

https://www.polaron.ai/ (https://www.polaron.ai/)

 

 

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