Business
Interim Results
Interim Results.
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 \n \n31 March 2025\n \nTechnology Minerals Plc\n \n(\"Technology Minerals\" or the \"Company\") \n \nInterim Results\n \nTechnology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce its results for the six months to 31 December 2024.\n \nHIGHLIGHTS\n \nMineral Exploration\n· Sold its interest in exploration licences in Leinster, Republic of Ireland, to European Lithium Limited (\"European Lithium\") (\"the Transaction\"), subject to completion conditions.\no Agreement settled through the transfer to the Company of 1,371,742 shares held by European Lithium in Critical Metals Corp (\"CRML\"), valued at US$10 million at the time of the signing of the Heads of Agreement, of which the Company's share is 861,833 shares after settling with other parties\nRecyclus Group Ltd (\"Recyclus\")\nAn associate undertaking, 48.35% owned by Technology Minerals\n· Secured agreement with Halfords Group plc (\"Halfords\") to recycle waste Li-ion e-mobility batteries\n· Signed a black mass offtake agreement with Glencore plc (\"Glencore\") and commenced delivery of black mass to Europe in March 2025\n· Successfully recycled 4,000 end-of-life lithium-ion (\"Li-ion\") battery modules during a 10-week programme with a leading engineering services and technology company\n· Delivered its first order for the Ministry of Defence (\"MOD\") for its market-leading solution for the safe storage and transportation of Li-ion batteries, LiBox\n· Awarded £50,000 by Clean Futures Accelerator Programme to develop a recycling process for lithi...