Sold exploration licenses in Leinster, Ireland, to European Lithium, receiving 861,833 shares valued at $10 million.
Recyclus Group, jointly owned by Technology Minerals, secured a collaboration with Halfords for recycling Li-ion batteries and signed an offtake agreement with Glencore.
Delivered first orders for LiBox battery storage solutions to the Ministry of Defence and recycled 4,000 Li-ion battery modules.
Financials: Recorded a profit of £0.9 million, a significant improvement from a £1.5 million loss in H1 2023.
Outlook: Focus on advancing exploration and recycling operations, with expected growth driven by new commercial opportunities.
Net Assets: Stood at £16,321,000, down from £19,166,000 the previous period, indicating volatility in asset valuation.
Cash Flow Activities: Net cash used in operating activities decreased to £212,000, compared to £661,000 last year. Net cash used for investing was £121,000, reflecting lower outflows compared to the prior period.
Segment Reporting: Total segment loss for the mineral exploration segment was £54,000, while battery recycling showed a loss of £65,000.
Recent Events: A capital raise of £250,000 occurred on January 15, 2025, alongside a significant assets transaction involving shares valued at approximately US$10 million.
And we have Cornish Lithium and British lithium setting up shop to extract new Lithium Carbonate from the granite under Cornwall… Is there ever anything actually happening with TM1 ?? The recycling market should be on fire right now but my position on this dead dog is -92%
Anyone else keep getting orders rejected this morning, what does that mean? I was only buying 11p worth I’ve been buying tiny amounts for a while and never had this problem, just trying to use spare change to average down
I know it’s sounds stupid but I’ve just literally been putting my spare change in from divedends and buying other shares, I’ve slowly taken my average down to 0.0048 from 1p so if this does eventually make some movement should make a return real quick
This was one of my first ever investments, I’m still really new I’m down around £220ish, hope they have some news to get the share price back up would like to see it above 1p this year
