Technology Minerals

What Technology Minerals does

Technology Minerals Plc (LSE: TM1) is a UK-listed public limited company founded in 2021 that operates a dual-track battery-metals business combining upstream mineral exploration with downstream battery recycling. The company holds exploration interests across multiple jurisdictions including the Asturmet copper-cobalt-nickel project in Spain (~535 km²), the Emperium and Blackbird Creek cobalt-copper projects in the Idaho Cobalt Belt (~55 km² and 1,285 ha respectively), and the Technology Minerals Cameroon (TMC) nickel-copper-cobalt permits (~2,456 km²); the Leinster lithium project in Ireland was sold to European Lithium in 2024 as part of a project-incubation strategy of taking early-stage assets up the value curve for transaction.

Through its 48.35%-owned subsidiary Recyclus Group Ltd, Technology Minerals operates the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton (West Midlands) and a lead-acid recycling facility in Tipton, with a designed processing capacity of up to 22,000 tonnes of Li-ion batteries per annum (first-year expectation: 8,300 tonnes). Recyclus's proprietary technology handles five or more lithium-ion battery chemistries in any combination, converts end-of-life batteries into black mass for sale to chemical processors under off-take agreements with Glencore plc and LOHUM Cleantech, and offers differentiated ancillary products including UN-standard-certified LiBox/Halo battery storage solutions and a Discharge and Dismantle Unit launched in 2025. A patent-pending lead paste desulphurisation process has been filed at the European Patent Office based on the Tipton facility.

Revenue is generated through three streams: (1) battery-recycling gate fees paid by customers including a global automotive company, a leading online retailer, AA Battery Recycling, Servicesure, Beryl and a global industrial group; (2) black-mass sales to off-take partners; and (3) exploration-project transactions such as the Leinster sale. Technology Minerals sells primarily through direct B2B enterprise contracts targeting automotive OEMs, industrial operators, e-mobility fleet operators and large retailers, with pricing structured as transaction-based gate fees plus black-mass sale proceeds (not publicly disclosed). Recyclus achieved its first monthly positive cash flow in July 2025 and management reports substantial year-on-year revenue growth in 2024/2025, although specific figures remain undisclosed.

Name

Technology Minerals

Legal name

Technology Minerals Plc

Website

https://technologyminerals.co.uk

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Technology Minerals Plc is a UK-listed company operating a circular-economy battery-metals business through mineral exploration projects and a 48.35%-owned subsidiary, Recyclus Group, which runs the UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton.

Ownership category

akta.pro rank

Product category

Battery Metals Recycling & Mining

NAICS

Materials Recovery Facilities (562920), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Lithium-ion Battery Recycling (Mechanical, Hydro, Direct Recycling) (EUAIAIAF)

akta.pro secondary industries

Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA)

Keywords

• Battery metals recycling
• Lithium-ion battery recycling
• Black mass processing
• Mineral exploration services
• Circular economy metals

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Battery recycling gate fees: Recyclus receives gate fees for collection and storage of lithium-ion batteries at its processing facilities in Wolverhampton and Tipton.
2. Black mass sales: Sale of black mass (recovered battery metals) to third-party chemical processors including Glencore plc and LOHUM Cleantech under offtake agreements.
3. Exploration project transactions: Project incubator strategy aims to take early-stage projects and bring them up the value curve for transaction, including completed sale of Leinster Project to European Lithium.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Technology Minerals is a UK-listed mining exploration and battery recycling company building a circular economy for battery metals including cobalt, lithium, nickel and manganese. Through its 48.35%-owned subsidiary Recyclus Group Ltd, it operates the UK's first industrial-scale lithium-ion and lead-acid battery recycling facilities at Wolverhampton and Tipton, processing end-of-life batteries into black mass sold to chemical processors under offtake agreements. The company also conducts mineral exploration across projects in Spain, USA, Cameroon and previously Ireland to source primary battery metals.

Product overview

Technology Minerals is a UK-listed mining exploration and battery recycling company operating a dual-track business model focused on the circular economy for battery metals. The company conducts mineral exploration for cobalt, lithium, nickel, copper, and manganese through projects in Spain (Asturmet - Cu-Co-Ni), Idaho USA (Blackbird and Emperium - Co-Cu), Cameroon (TMC - Ni-Co), and previously Ireland (Leinster - Li, now sold). The company's recycling arm, Recyclus Group Ltd (48.35% owned), operates the UK's first industrial-scale battery recycling facilities - processing both lithium-ion and lead-acid batteries into black mass for recovery of critical metals. Key products include the LiBox proprietary battery storage solution. The exploration and recycling operations are designed to address the full mineral life cycle from extraction through end-of-life recycling.

Differentiator

Problem solved

Functional benefit

Brands

• Recyclus: Battery recycling subsidiary operating UK's first industrial-scale lithium-ion battery recycling facility in Wolverhampton, processing end-of-life Li-ion batteries to produce black mass for sale to battery supply chain.
• LiBox
• Halo Battery Boxes

Products and services

• Recyclus Battery Recycling Services Industrial-scale lithium-ion and lead-acid battery recycling services that process end-of-life batteries into black mass for recovery of critical battery metals, operated at facilities in Wolverhampton (Li-ion) and Tipton (lead-acid) in the UK. Targeted at automotive OEMs, industrial fleet operators, retailers, and e-mobility operators.
• LiBox Battery Storage Solution

Quantifiable outcome

• Recyclus achieved first monthly positive cash flow in July 2025
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core, important and minor.

• Glencore plccoreStrategic or Co-development Partner · 17 December 2024Offtake agreement for black mass (recovered battery metals) from Recyclus recycling operations. First shipment of black mass delivered to Europe under this agreement. TFS licence secured for transportation.
• Watercycle Technologies, UK Battery Industrialisation Centre, PolaronimportantStrategic or Co-development Partner · 1 January 2024Collaboration under Battery Innovation Programme for Li-ion battery recycling project funding.
• LOHUM CleantechcoreStrategic or Co-development PartnerBlack mass offtake agreement with LOHUM, India's leading producer of sustainable energy transition materials.
• European Lithium LimitedcoreStrategic or Co-development PartnerSale of LRH Resources Limited (wholly-owned subsidiary) including Leinster lithium project in Ireland. Completed sale announced.
• Global Battery Metals Ltd (GBML)coreStrategic or Co-development PartnerExclusive Option and Earn-in agreement for Leinster Lithium Property. GBML has exercised second option, acquiring 55% equity. Project operated by GBML with no expenditure required by Technology Minerals.
• AA Battery RecyclingcoreChannel Partner/ Reseller/ DistributorAA Battery Recycling sends Li-ion batteries to Recyclus' Wolverhampton plant for processing and recycling.
• ServicesurecoreChannel Partner/ Reseller/ DistributorServicesure sends Li-ion batteries to Recyclus for recycling.
• BerylcoreChannel Partner/ Reseller/ DistributorUK-based shared sustainable transport operator, Beryl, recycles waste Li-ion batteries from e-bikes and e-scooters through Recyclus.
• WMG, University of WarwickimportantStrategic or Co-development PartnerRecyclus supplies lithium-ion battery shredder to WMG, University of Warwick for research purposes. Engineering Doctorate programme planned.
• DG Resource Management LimitedcoreStrategic or Co-development PartnerLetter of Intent signed in March 2021 to acquire 100% interest in Blackbird Creek Property in Idaho Cobalt Belt.
• Neville RegistrarsminorOthersRegistrar for shareholder enquiries including name changes, address distribution, payment changes and shareholder certificates. Contact: 0121 585 1131
• Explorers33 Consulting GroupminorImplementation/ SI/ Consulting PartnerLocal Cameroon geological consulting firm engaged to place beacons on licence boundaries and engage with local communities.

Scale indicators16 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Umicore: Belgian global materials technology and recycling group with closed-loop battery materials and precious metals recycling. Larger established player operating broadly in the same battery materials/critical minerals space.
• Fortum: Nordic energy group with a battery recycling business operating hydrometallurgical recovery in Finland. Larger incumbent offering overlapping recycling capability as part of a broader energy portfolio.

Direct peers

• Cirba Solutions: North American battery and e-waste materials management company operating recycling facilities for Li-ion and lead-acid batteries. Comparable to Recyclus' combination of Li-ion and lead-acid recycling at industrial scale.
• Li-Cycle Holdings: Toronto-listed Li-ion battery recycler operating the Spoke & Hub network across North America and Europe. Comparable to Recyclus in producing black mass for sale to chemical processors and targeting OEM/manufacturer scrap streams.
• Redwood Materials: US-based battery recycling and cathode-active material producer founded by former Tesla CTO JB Straubel. Most prominent Li-ion battery recycler globally with large-scale operations targeting automotive OEMs — directly comparable to Recyclus' Li-ion recycling model and off-take approach.
• Ecobat: World's largest producer of recycled lead and lead alloys, operating lead-acid battery recycling facilities across Europe and North America. Directly comparable to Recyclus' Tipton lead-acid recycling operations and battery collection network.
• Ascend Elements: US-based Li-ion battery recycler with Hydro-to-Cathode™ direct recycling technology, producing black mass and cathode precursor materials. Closely comparable to Recyclus' chemistry-flexible, multi-step recycling approach.
• Hydrovolt: Joint venture between Norsk Hydro and Northvolt operating Europe's largest Li-ion battery recycling plant in Norway. Closely comparable European industrial-scale Li-ion recycler competing in the same end-markets as Recyclus.

Regional players

• European Lithium: ASX-listed lithium exploration and development company that acquired Technology Minerals' Leinster Project in Ireland. Regional peer in battery metal exploration, particularly lithium, sharing project history with Technology Minerals.

Emerging players

• Duesenfeld: German Li-ion battery recycler using low-temperature recycling process to recover Li, Ni, Co, Mn. Comparable niche European Li-ion recycler with overlapping black-mass output and EU customer focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/technologymineralsplc
• LinkedInlinkedin.com/company/technology-minerals
• Instagraminstagram.com/technologymineralsplc
• Xx.com/TechMinerals

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technology Minerals