Managing Director Simon Moores in Washington DC last year, at a hearing to examine the outlook for energy and minerals markets in the USA’s 116th Congress. (2019). Simon testified again, in June 2020, to the US Senate Energy and Natural Resources Committee.
Technology Minerals will be the first UK listed company to create a circular economy for battery metals within a single group, to extract the raw materials required for Li-ion Battery cathodes and then help solve the ecological issue of spent Li-ion batteries by recycling them for reuse by the
battery manufacturers.
Technology Minerals is comprised of mining assets and a major recycling group, laying the foundations for the UK’s first meaningful green circular economy in the battery industry.
The RTO is scheduled to be completed prior to the end of Q1 2021 on the Standard List of the LSE.
In advance of Technology Minerals’ Reverse Take Over of Stranger Holdings, the Group is raising circa £1m in dedicated working capital for the Recyclus Group in order to fund the commercial expansion of its recycling operations in the UK.
This will, in turn, increase the value of the group prior to re-listing. Recyclus is a technology led recycling group, focussing on creating circular economies in the Li-ion, Lead Acid and, in due course, plastics recycling spaces.
Emperium and Onshore Energy currently own a majority of Recyclus, which will be acquired by Technology Minerals and form a key part of the RTO.The funds are being raised via a Convertible Loan Note which will convert into Technology Minerals PLC, LSE Listed, shares at a 30% discount, at the date of the RTO.
The newly formed group will be comprised of several battery metals exploration and development projects strategically spread between the US/Europe (via Emperium Holdings) and Africa (via Onshore Energy), in order to meet the upcoming demand, and forecast shortages of Nickel and Cobalt, from the burgeoning NMC Li-ion battery manufacturing sector to feed into the requirements of the EV strategies of the OEMs globally.
These assets are being listed on the Standard List of the London Stock Exchange via a Reverse Takeover, into an existing, listed, cash shell (Stranger Holdings PLC), which will be renamed Technology Minerals PLC upon re-listing.
This Pre-RTO raise is focussed on providing working capital to Recyclus to expand it’s commercial growth into being a market leader in the recycling of Li-ion batteries and Lead Acid batteries in the UK, and to increase recovery efficiencies and create circular economies through technological R&D.
The Technology Minerals team are well placed to develop the UK’s first circular recycling economy. Read more about the individuals behind the movement below.
If you are interested in finding out more about our upcoming raise, download our Investor Pack today or reach out to Investor Relations today.
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