Phil Carroll and Kevin Hornsby talk to Alex and Robin after the company announced that their subsidiary, Recyclus Group Ltd, has signed a MoU with a cleantech company to develop a low carbon technology for processing Lithium-ion (Li-ion) battery black mass, aiming to recover critical raw materials. This collaboration, leveraging a novel chemistry-based technology, promises higher efficiency and quality in material recovery compared to traditional methods. The process, operational within 18 months, will further Recyclus' mission to establish a circular economy for battery metals in the UK. Recyclus, operating the UK's first industrial-scale Li-ion recycling plant in Wolverhampton, is set to enhance the country's battery metal supply security and contribute to the electrification transition, aligning with national goals to reduce carbon emissions. In addition TM1 has secured a £5.5 million convertible bond facility with Atlas Capital Markets to support its sustainable battery metal circular economy initiatives, including the acquisition of Recyclus and expansion of its lithium-ion battery recycling operations. The facility, to be drawn in five tranches starting with £1.5 million, features a 5% annual coupon over the Bank of England base rate and accompanying warrants. This move comes as Technology Minerals addresses a shortfall in a previous facility with CLG Capital, with which it has begun termination proceedings. This strategic financing partnership with ACM underscores Technology Minerals' commitment to advancing its recycling and sustainability goals in the battery metals sector.

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