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. 

22 February 2024

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Comment on Media Reports

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, notes media reports regarding Chris Cleverly's involvement in the Company or its 48.35% owned subsidiary, Recyclus Group ("Recyclus") and makes the following comment.

Robin Brundle, Chairman of Technology Minerals, states: "I can confirm that Chris Cleverly or any of his associated businesses are not involved in the day-to-day operations of the Company or Recyclus. Additionally, Mr Cleverly and any of his associated businesses do not hold any shares in either Technology Minerals or Recyclus.

"Chris Cleverly was a director and a shareholder of Onshore Energy Limited ("OEL") which was acquired by the Company at the time of Admission to the Standard List in November 2021 and ceased to be a director of OEL on 17 November 2021. Mr Cleverly stepped down as director of Recyclus on 20 May 2021 and has had no involvement in the business since then."

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. The Company currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the UK's first industrial-scale recycler of both lithium-ion and lead batteries.

Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. 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 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 from Technology Minerals, Recyclus is an integral component to the recycling of Li-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.