Tech Minerals Regulatory News (TM1)

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. 

21 September 2022

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Recyclus Appoints Group Managing Director

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 49% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has appointed Jo Dennis as Group Managing Director with effect from 10 October 2022. Jo replaces Matthew Taylor, who will step down as Group Managing Director and will be retiring on 6 October 2022.

Currently, Jo acts as Non-Executive Director at Recyclus and has extensive experience working across the industrial sector in manufacturing, engineering, distribution, logistics material handling and waste management. Within the waste and recycling space, Jo has successfully driven businesses through the stages of innovation, scale-up, growth and continuous improvement, with a focus on doing so in a sustainable manner while supporting the circular economy.

Jo's diverse career has covered leadership roles, operations, sales, project management and engineering, working with a range of corporations, from SMEs to global manufacturers across the UK and the EMEA region. He has held senior positions across a variety of organisations, including roles as Business Development Manager, and later Director, at Flowstore Systems Ltd.

Most recently, Jo held the position of Managing Director at Pyrenergy Ltd, a UK-based energy-from-waste and recycling business that recovers energy and materials from hydrocarbon waste that would otherwise be destined for landfill, incineration or export.

The Company would like to thank Matthew for his significant contribution to the business during his time as Group Managing Director.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: "We are delighted to announce Jo as Recyclus Group's new Managing Director. An existing member of the wider Recyclus team, Jo is well-acquainted with our operations and strategic growth plans, and well-practised in expanding and developing transformational businesses across the industrial sector. He assumes the position at an important time for Recyclus as we begin battery recycling processes at our Tipton plant.

"On behalf of the Board, I'd like to offer my thanks to Matthew for coming out of retirement and providing such invaluable help and guidance to the entire team. We wish him every happiness in his retirement."

Jo Dennis, incoming Group Managing Director of Recyclus, said: "I am excited to be appointed Group Managing Director of Recyclus and particularly at such a significant stage in the company's evolution. I look forward to supporting the further scale-up of operations and driving the development of Recyclus' end-of-life battery logistics and recycling solutions, as it establishes the UK's first industrial-scale circular economy for battery metals."

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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. Technology Minerals is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the group will explore, mine, and recycle metals from spent batteries. 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 substantially increase. 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, Recyclus is an integral component to the recycling of lithium-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