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First Shipment of Black Mass delivered to Europe
First Shipment of Black Mass delivered to Europe.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n\nThe 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.\n \n25 March 2025\n \nTechnology Minerals Plc\n \n(\"Technology Minerals\" or the \"Company\")\n \nFirst Shipment of Black Mass delivered to Europe\n \nCommenced delivery of more than 100 tonnes of black mass to Europe under offtake agreement with Glencore plc\n \nTechnology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a circular economy for battery metals, is pleased to announce that following its announcement on the 24 February 2024, its 48.35% owned battery recycling business, Recyclus Group Ltd (\"Recyclus\"), has commenced delivery of its first shipment of black mass to Europe, under its offtake agreement with Glencore plc (\"Glencore\").\n \nAn initial 111 tonnes of black mass will be delivered in six equal shipments, with the first already collected. The remaining five shipments will be collected by the first week of April 2025. In addition, the company has agreed to deliver a minimum of 20 tonnes of black mass per month on an ongoing basis.\n \nThis first shipment is a significant milestone for Recyclus, as it represents the company's capability of consistently and safely producing black mass, positioning itself to be a frontrunner in meeting the global demand for critical metals with efficiency and reliability.\n \nThe black mass is produced at Recyclus' industrial scale lithium-ion battery recycling facility and contains critical metals such as lithium, manganese, nickel, and cobalt. These valuable metals can be reprocessed and reintegrated into the battery supply chain, supporting the international push towards electrification.\n \nRobin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: \"To begin delivery of our first black mass order to Europe under our agreement with Glencore is a proud moment for Recyclus. We continu...