Technology Minerals PLC (LSE:TM1) CEO Alex Stanbury talked with Proactive’s Stephen Gunnion about the latest milestone for its battery recycling subsidiary, Recyclus, which has secured a Transfrontier Shipment of Waste (TFS) licence. This approval allows Recyclus to sell black mass to Glencore under the offtake agreement signed in December.
I am finally home and said that I would try and give an update. Bufflehead1992 posted some questions on this board on 26th of Feb which I took the liberty of printing off this morning.
Where is the Black mass for Glencore going to? - Germany.
*Are there further orders from Glencore? - Yes and this will probably be monthly, however this is where the word ‘trial’ comes into play. We are trialling this as there are other options available. I have had sight of the 100 tonnes to be despatched in the next couple of days.
*Do we know how long before trial results? - There is no time frame on this and it is fluid in so far as there will continue to be black mass up lift by Glencore until such time as we may choose to sell elsewhere. Our Government legislations are changing rapidly and Uk will need our product in the not too distant future, there are several options available and other companies to sell to if they so desired.
Are the used batteries donated to us and we only collect? - We sell the Libatt battery recycling containers to the customer (£8000 each container) This is then collected by a Company called Slicker and delivered to the site at a gate fee of £2000 per ton.
As a business model it is superb. A true complete recycle process which we monetise at each recycle stage. From container for batteries, to gate fee to sale of final black mass. The entire plant and process has been developed to far surpass new EU regulation in 2030 for the disposing of all used batteries. Further more Robin himself has recently given a 90 minute presentation in the House of Lords in order that they and House of Commons are all aligned in passing legislation that will work in the Uk. Indeed TM1/Recyclus were given a Government grant to bring the entire concept to fruition.
I was incredibly impressed by what I saw today. Yes I understand the frustration of long term investors and I too am one of them. However, we are now turning a corner and moving forward is very exciting indeed. We have some ‘major’ clients throughout the entire process and like any Company this is the break through period. What TM1/Recyclus have achieved in such a short space of time is truly remarkable and break even/profitability is very close indeed.
Don’t know how accurate/reliable these sp price prediction sites are but this one has TM1 to hit 7p this year or by 12 months… an interesting one to ponder over for the weekend. Have a good one yall!
Ocado Group Annual Report FY24 - Page 54 or (56 of the PDF)
In July 2024, we announced a new agreement with LiBatt, a Recyclus Group company, to recycle end-of-life lithium-ion (“Li-ion”) batteries from our first-generation warehouse robots.
We now send our end-of-life Li-ion battery packs to LiBatt’s industrialscale Li-ion battery recycling facility, the first of its kind in the UK, for processing and recycling.
For transportation to the facility, we use LiBatt’s proprietary Li-ion battery storage boxes, LiBox, which are UN-certified and ADR (the European Agreement concerning the International Carriage of Dangerous Goods by Road) compliant – the highest global standard for transporting hazardous goods.
By providing industrial-scale Li-ion battery recycling and ensuring safe storage and transportation, we are helping to mitigate the environmental hazards associated with Li-ion battery disposal.
They have processed 3,500 of our Li-ion battery packs since July 2024.
This company seems like it has great potential been invested for a few years from what I understand it was shorted heavily more than once while taking out loans to finance operations, I think it’s under valued and should probably be sitting around 1/2p
We really need to see something happen to the SP soon - it really does feel that TM1 investors have been duped to funding Recyclus through the back door and won’t see a dot of return.