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.
22 February 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Comment on Media
Reports
Technology Minerals Plc (LSE: TM1),
the first listed UK company focused on creating a sustainable
circular economy for battery metals, notes media reports regarding
Chris Cleverly's involvement in the Company or its 48.35% owned
subsidiary, Recyclus Group ("Recyclus") and makes the following
comment.
Robin Brundle, Chairman of
Technology Minerals, states: "I can confirm that Chris Cleverly or
any of his associated businesses are not involved in the day-to-day
operations of the Company or Recyclus. Additionally, Mr Cleverly
and any of his associated businesses do not hold any shares in
either Technology Minerals or Recyclus.
"Chris Cleverly was a director and a
shareholder of Onshore Energy Limited ("OEL") which was acquired by
the Company at the time of Admission to the Standard List in
November 2021 and ceased to be a director of OEL on 17 November
2021. Mr Cleverly stepped down as director of Recyclus on 20 May
2021 and has had no involvement in the business since
then."
Enquiries
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Technology
Minerals Plc
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Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582
3500
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Oberon
Investments Limited
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 0535
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Gracechurch
Group
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Harry Chathli, Alexis Gore,
Rebecca Scott
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+44 (0)20
4582 3500
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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.
The Company currently holds 48.35% of the issued share capital of Recyclus
Group Ltd, the UK's first industrial-scale recycler of both
lithium-ion and lead batteries.
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
The demand for the raw materials
used in battery manufacturing is anticipated to increase
substantially. Recyclus Group provides a
national recycling initiative that supports the transition to
carbon neutrality. Recyclus Group's battery recycling capacity will
prove essential in the shift from fossil fuels to electric
transportation. Through its strategic support from Technology
Minerals, Recyclus is an integral component to the recycling of
Li-ion and lead acid batteries and is a significant contributor
towards the circular economy of battery metals. Further information
on Recyclus Group is available at
www.recyclusgroup.com.