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.

3 July 2023

Technology Minerals Plc

("Technology Minerals" or the "Company") 

 Recyclus appoints renowned industry experts

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 48.25% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has appointed Andrew Goss and Phil Hodgkinson as consultants to Recyclus with effect from 1 July 2023. Andrew and Phil will act as advisers for Recyclus, utilising their extensive experience and global network across the automotive and gigafactory sectors.

Andrew has significant experience in the automotive sector, covering leadership roles in which he achieved business, operational and sales transformation for global manufacturers across Europe and the United States. He has held highly senior positions across a variety of organisations, including CEO of Porsche for the UK and Ireland and Jaguar Land Rover Automotive PLC's ("JLR") overall lead at Board level for Global Markets. He has received numerous industry awards and picked up the Queens Award for Exports on behalf of JLR in 2017. Currently, Andrew is Chairman of Vertu Motors in addition to his specialist consultancy which provides strategic business advice to stakeholders within the UK automotive industry, Blue Moon Advisory.

Phil has more than four decades of experience working in the automotive industry, with a proven track record of delivering large and complex projects, including leading the delivery of over 100 car programmes such as Range Rover and Jaguar XF. His leadership and management expertise has led to the success of various carline, profitability and restructuring projects including JLR's global expansion initiative to begin manufacturing operations in India, China, Brazil and Slovakia. His global experience and strong business awareness has allowed him to be responsible for multi £Bn projects across the automotive industry. Currently, he operates his own consultancy business providing support to automotive OEMs and suppliers on a range of vehicle and business endeavours.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: "We are thrilled to appoint Andrew and Phil as advisers to the Recyclus team. To bring on board such high calibre, well respected people within the industry is an endorsement of Recyclus' technology and growth strategy. Their elite sector knowledge and experience will prove invaluable as Recyclus embarks on the next phase of its development and our goal to be a leader for the UK in the circular economy for batteries, accelerating the transition towards a green, low carbon economy."

Enquiries

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. To meet 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 

Demand for the raw materials used in battery manufacturing is expected to increase substantially. 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 integral 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