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#TM1 Technology Minerals Plc- First lead acid batteries recycled at Tipton
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 Recyclus Group Ltd (“Recyclus”), its 49% owned battery recycling business, has processed 19 tonnes of end-of-life batteries at its battery recycling plant in Tipton, West Midlands.
Highlights
· First 19 tonnes of batteries manually processed and recycled into 16.5 tonnes of lead, lead plate and other recovered materials
· Facility is licenced for manual recycling activities while awaiting Environmental Agency (“EA”) approval for automated industrial-scale processing
· Process recycles the entire battery into separate constituent parts to recover lead, acid, and plastic materials, which can then be reused in a wide range of industries
· Recyclus is in discussions with several potential buyers for the recycled materials and will update the market in due course
Recyclus plans to scale up its operations at Tipton while preparing to commence industrial-scale automated processing once it has received the final approval from the Environmental Agency.
As announced in September 2022, Recyclus received Approved Battery Treatment Operator (“ABTO”) status at the Tipton plant, granting approval to begin manual processing of lead-acid batteries at the site. Under ABTO status, Recyclus is authorised to produce up to 15,000MT per annum of lead and store up to 300MT of inbound stock at any one time on-site. This enabled phase one of production to begin, with the second phase set to begin once final approval is granted by the EA.
Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to process the first batch of end-of-life batteries as Recyclus looks to ramp up its operations at the recycling plant in Tipton. Our process enables the recycling of spent batteries to recover lead, acid, and plastic materials to be repurposed back into a range of industries. We have seen strong demand for the recovered materials and look forward to securing first sales and generating cashflow at Tipton. Recyclus is in discussions with multiple parties regarding the sale of the recycled material and will update the market in due course.”
As announced on 19 October 2022, the Company signed binding Heads of Terms to acquire the remaining issued share capital of Recyclus (the “Proposed Transaction”). The Company will update shareholders as to progress made in relation to the Proposed Transaction as and when appropriate.
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 (0)20 4582 3500 |
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Oberon Investments Limited |
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Nick Lovering, Adam Pollock |
+44 (0)20 3179 0535 |
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Arden Partners Plc |
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Ruari McGirr |
+44 (0)207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Amy Stupavsky |
+44 (0)20 4582 3500 |
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 atwww.technologyminerals.co.uk
#TEK Tekcapital Plc – Appointment to the Board of MicroSalt
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF) the UK intellectual property investment group focused on creating valuable products that can improve people’s lives, is pleased to announce that Judith Batchelar OBE has joined the board of MicroSalt.
Judith currently serves as Deputy Chair of the U.K. Environment Agency, sits on UK Research and Innovation’s Natural Environment Research Council and is a Trustee of the Royal Botanic Gardens Kew. She has worked in the food and drink industry for over 35 years. From 2004 to 2021, she worked for Sainsbury’s as Director of Sainsbury’s Brand with responsibility for all aspects of Sainsbury’s product offer.
Prior to Sainsbury’s, Judith held a similar role at Safeway, spent twelve years in the Food Division at Marks & Spencer, and prior to this worked in manufacturing for Mars and Bass.
Judith is a biochemist and a nutritionist, has an Honorary Doctorate in Agriculture from Harper Adams University, and is a Fellow of the Institute of Food Science and Technology (IFST), and the Royal Society of Arts and Manufactures (RSA).
Judith was awarded an OBE in 2015 for services to Farming and the Food Industry, and serves on the Food, Farming and Countryside Commission.
“We are very excited to have Judith join our team. Her deep industry experience in improving the nutritional profile of foods will be enormously helpful with our go-to-market efforts in the U.K.,” said Rick Guiney, CEO of MicroSalt®.
Commenting on her appointment Judith Batchelar said, “I’m really excited to join the board of MicroSalt, I am passionate about their mission to help combat cardiovascular disease by reducing sodium levels in the foods we eat, and I know we can make a difference. “
About MicroSalt®
MicroSalt, is the developer and manufacturer of a proprietary low-sodium salt called MicroSalt®. We are passionate about improving peoples’ lives with better-for-you seasonings and snacks by taking the lead in the industry by providing the best low-sodium salt solution, based on the mechanical transformation of the salt particle itself. This solution is the only one that delivers real salt flavour because it is salt. Our new patented technology produces salt crystals that are approximately one hundred times smaller than typical table salt, delivering a powerful saltiness as the micro-grains dissolve in the mouth, with approximately 50% less sodium consumption. Additionally, the ultra-small particle size enhances product adhesion, which reduces waste and provides improved flavor consistency. MicroSalt® and SaltMe® are registered trademarks of MicroSalt Inc.
To learn more about MicroSalt please visit https://www.microsaltinc.com
Tekcapital owns 97.2% of the share capital of MicroSalt Ltd. and 73% of MicroSalt Inc. its U.S. subsidiary.
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff IR |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison / Charlie Bouverat (Corporate Finance) Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications +44 (0)207 129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
#POW Power Metal Resources Plc- Golden Metal Resources – Golconda Gold Anomalies
Power Metal Resources PLC (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an update from Golden Metal Resources PLC (“Golden Metal” or “GMT”), the Company’s 83.13% owned subsidiary, which is planning to list on the London capital markets this quarter.
The most recent update from Golden Metal was released on 26 August 2022 and can be found at the link below:
HIGHLIGHTS:
-Recently obtained historical dataset from a high-resolution geochemical soil survey covering the entirety of the Golconda Summit Project (“Golconda Summit” or the “Project”), has highlighted three zones of strongly anomalous arsenic and gold mineralisation for further investigation.
-Rock sample assay results from a geological mapping and sampling programme over Golconda Summit, undertaken by Golden Metal’s in-country senior geological consultant, have confirmed strong arsenic (pathfinder for Carlin-type gold mineralisation) and gold anomalism.
-At the Garfield Project assay results are pending for the recently completed soil geochemical survey.
-At the Pilot Mountain Project three-dimensional (“3D”) modelling of the high-resolution induced polarisation (“IP”) geophysics survey data collected over Golden Metal’s flagship project has been commissioned, with results eagerly awaited.
Oliver Friesen, Chief Executive Officer of Golden Metal Resources PLC, commented:
“Our 100% owned flagship Pilot Mountain Project has been a source of particular focus for GMT and our investors, with good reason, as we continue to engage in various discussions regarding possible technical and financial engagement at a project level.
Work has continued in parallel across GMT’S other Nevada interests and today’s update is focused on significant gold anomalism confirmed across the Golconda Summit Project where we are targeting a Carlin-type gold discovery.
Review of newly acquired historical datasets, together with recently completed detailed geological mapping and rock sampling at Golconda Summit have delivered clear evidence of gold and arsenic anomalism. These results, in GMT’s technical view, further underpin the strong value proposition associated with bringing this compelling gold opportunity to UK investors alongside the rest of our exciting Nevada focused project portfolio.
We are seeing a steady improvement of market conditions, and particularly those surrounding junior mining and exploration companies. As a result, we are seeking to secure the UK listing of Golden Metal Resources as soon as possible.
Paul Johnson, Chief Executive Officer of Power Metal Resources PLC, commented:
“The news from Golconda Summit today is the first key set of exploration results, and they have ratified our belief in the potential of the Project to host a Carlin-type gold deposit. As a result, Golconda has been designated as a priority Project for follow-on exploration and subsequent drilling.
The combination of the strategically significant Pilot Mountain Project combined with the blue-sky exploration upside offered by Golconda Summit, as confirmed today, makes Golden Metal, in our view, a unique investment proposition focused on Nevada, USA and we look forward to the planned listing in London.“
Further Information: Golconda Summit
Within Carlin-type gold deposits, which are found almost exclusively within northern Nevada, there are multiple alteration minerals that are typically found proximal and near to Carlin-type gold deposits. The most notable of these is arsenic, so as a result arsenic anomalism is often one of the best proxies when looking for Carlin-type gold deposits. Additionally, arsenic is considered to be highly mobile (compared to gold) and therefore arsenic can more easily be remobilised along fluid conduits away from Carlin-type mineralised systems.
Geochemical Sampling
Golden Metal have obtained the dataset for a high-resolution (60m x 60m sample spacing) soil geochemical survey completed across the entire Golconda Summit Project in 2006. This historical geochemical dataset includes 741 multi-element assay results from which three discrete anomalous zones have been identified: ‘Trench’, ‘Thrust’, and ‘Ridge’ zones. These zones are defined by the arsenic and gold results, of which there is a strong correlation noted. The ‘Trench’ zone is coincident with historical trenching completed within the Project, while little historical work is known to have been completed within the ‘Thrust’ and ‘Ridge’ zones (see Figure 1).
‘Trench Zone’ – Strong arsenic and gold anomalism was identified with individual results up to 929ppm As and 1846ppb Au (1.846g/t; Sample GS-358).
‘Thrust Zone’ – Strong arsenic and gold anomalism was identified with results up to 338ppm As and 402ppb Au (Sample GS-134).
‘Ridge Zone’ – Strong arsenic and gold anomalism was identified with results up to 110ppm As and 782ppm Au (Sample GS-679).
Rock Sampling/Mapping
Detailed mapping and rock sampling was recently completed across Golconda Summit by Golden Metals’ in-country senior geological consultant. A total of 41 individual rock samples were taken, and detailed mapping of the easterly dipping iron-point thrust fault was completed. Most of the sampling was done within or near to the ‘Thrust Zone’. Strong arsenic and gold anomalism was identified within multiple samples, and in particular within five samples that are within the mapped iron-point thrust fault.
As with the geochemical results, a strong correlation between arsenic and gold results was noted. Of the 41 samples collected, 9 samples returned >250ppm As, with 6 samples returning >500ppm As (500ppb represents upper limits of analysis technique used). The three top gold results from the rock sampling completed were all from samples that returned >250ppm As (838, 335, and 280ppb Au).
Geological Model
At Golconda Summit, GMT’s geological consultant has completed several weeks of detailed mapping and has identified the presence of the Iron Point thrust fault. This thrust fault has controlled the emplacement of non-reactive ‘upper plate’ rocks, over top of reactive ‘lower plate’ rocks. Encouragingly (see Figure 2), a very strong arsenic anomalism within rock and soil sample results is coincident with the surface expression of the Iron Point thrust fault. The postulation is that there has been remobilisation of Carlin-type fluids up along the Iron Point thrust fault – with the view that one would need to drill test east of this thrust fault. Interestingly, the ‘Trench Zone’ is located with this drill target zone, and here, historical trenching completed by Nerco Mining Company in 1989 returned up to 7.6m of 19.7g/t Au within non-reactive ‘upper plate’ rocks. Secondary sub-vertical faults have been mapped across this trench area which could have controlled the remobilisation of Carlin-type gold from reactive ‘lower-plate’ rocks below.
Trenching as well as follow-up reverse circulation (“RC”) drilling is planned post the planned listing of Golden Metal. Golden Metal will be the first company to ever drill test at Golconda multiple prospective ‘lower plate’ units including the Antler Peak limestone, Edna Mountain and Preble Formations, all of which host Carlin-type gold deposits elsewhere in Northern Nevada.
Figure 1 – Golconda Summit: A plan map of the Project area including the recently obtained 2006 geochemical results as well as 2022 rock sampling results. Arsenic is a strong pathfinder for gold within Carlin-type gold deposits.
Figure 2 – Golconda Summit: A plan map of the Project showing the location of the ‘Ridge’, ‘Thrust’ and ‘Trench’ zones in relation to the major iron-point thrust fault which has been mapped across the Project.
The diagrams and images presented above may be viewed on GMT’s website and may be reached through the following link:
https://www.goldenmetalresources.com/project/the-golconda-summit-project/
Further photographs and videos from the drill programme are and will be available on the Company’s website gallery section, through the following link:
https://www.goldenmetalresources.com/investors/gallery/golconda-summit-project/
QUALIFIED PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O’Reilly (MSc, DIC, MIMMM, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules – Note for Mining and Oil & Gas Companies. Mr O’Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Power Metal Resources PLC to provide technical support.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information please visit https://www.powermetalresources.com/ or contact:
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Power Metal Resources plc |
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Paul Johnson (Chief Executive Officer) |
+44 (0) 7766 465 617 |
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SP Angel Corporate Finance (Nomad and Joint Broker) |
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Ewan Leggat/Charlie Bouverat |
+44 (0) 20 3470 0470 |
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SI Capital Limited (Joint Broker) |
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Nick Emerson |
+44 (0) 1483 413 500 |
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First Equity Limited (Joint Broker) |
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David Cockbill/Jason Robertson |
+44 (0) 20 7330 1883 |
#TEK Tekcapital Plc – Guident Update
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to present the technology update for Guident Corp, the US based subsidiary of Guident Ltd.
As part of our enhanced investor relations communications, we intend to release a series of newsletters focused on the technology of each portfolio company. We believe most shareholders understand the value proposition behind the product of each portfolio company, however the product roadmap has been progressing rapidly and we think it’s helpful to Keep everyone up to date on key developments.
Our initial discussion will cover Guident’s unique technology offerings:
1. Vehicle Remote Monitoring and Control Centre (RMCC)
Guident’s teleoperations solutions consist of two main components. A small footprint communications device and the RMCC (remote monitoring and control centre) software solution.
The communications device connects to several miniature high-definition video cameras and includes connectivity to both public (4G & 5G) wireless and private Long Term Evolution (LTE) networks.
The RMCC consists of a cloud-based software solution connected to the Autonomous Vehicle (AV) fleets and to Guident’s RMCC. Guident’s solution is AV agnostic and can interact with any vehicle’s drive-by-wire system via ROS (robot operating system) or Application Programming Interface (API) integration.
The remote-control centre consists of multiple RCO (remote-control operator) stations equipped with vehicle controls including steering wheel, accelerator, and stop pedals as well as high-definition curved monitor displays. Large dashboard video wall-type displays provide real-time status of the AV fleets being controlled. RCOs continuously monitor their assigned AV fleet which is displayed with green labels, except when the AV encounters an edge case, at which point it stops and requests human assistance while changing its label from green to red. At that point, the RCO through the HD video cameras gains situational awareness to inspect the specific edge case. The RCO then takes control of the vehicle and remotely drives it around the obstruction or situation, and then returns control to the AV system to continue its mission path, at this point the vehicle is displayed with a green label.
Besides the green and red IRL (incident risk levels), Guident provides a yellow label through its patented Artificial Intelligence-based IRL predictive module. This module interacts with multiple data sources to analyze and predict the situations that may possibly disrupt the AV mission path. Data sources include vehicle sensor data, AV performance analysis, scene understanding, real-time traffic, work zone, weather, and other information. The assigned RCO is able to focus on the yellow IRL-level vehicles to attempt to anticipate the situation that may interrupt the mission path and turn the AV IRL to green status.
Current autonomy trends and concerns, and why this technology is needed.
The current state of technology in the automotive industry is experiencing a shift to driverless vehicles. For this reason, automated supervision or safety driver roles will be critical for decades to come for all levels of automation before reaching full autonomy SAE level 5.
We believe human supervised RMCC services enhances the safety and provides redundancy whilst implementing remote driverless solutions for various field use cases, including military applications.
Infrastructure requirements for implementation (e.g., hardware, software, facilities and network connections
There are three (3) components required for human supervised RMCC services for driverless or autonomous vehicles:
1. RMCC – Remote Monitor and Control Centre
· Remote-control operator stations include vehicle controls (steering wheel, pedals, other vehicle functions, etc.)
· Control centre monitoring display dashboards.
2. In-vehicle equipment
· For vehicle location, a GPS device in autonomous vehicles, with RTK capabilities for precise location.
· For remote teleoperation:
GUIDENT RMCC communication in-vehicle equipment.
Public/Private/Military mobile 5G/4G/LTE wireless network.
3. Cloud service – private or private software telecom services, including AWS, Azure, Google, etc.
Benefits
The main benefits of human-supervised remote monitoring and control of driverless and autonomous vehicles include providing an additional layer of safety via remote operations to address edge cases and protection of humans from dangerous or unforeseen activities including but not limited to:
· deadlock situations
· navigation errors
· accidents
· allowing vehicle passengers to ask for information or assistance.
Based on ongoing conversations with potential customers, the company identified more potential applications including:
· remote operation of material handling (teleoperation services of remote forklifts and other material handling equipment for warehouses)
· remote operation of agricultural equipment
· remote operation of mining equipment
· remote operation of unmanned vehicles for military
The solution also creates cost savings achieved by proactive and predictive vehicle maintenance and support.
Guident is uniquely positioned to provide its teleoperation software stack protected by an intellectual property portfolio that includes seven (7) teleoperation-specific patents (5 granted & 2 pending) and copywritten software code for what we believe to be amongst the lowest glass-to-glass latency in the industry. In addition, we believe that Guident is the leading US-based teleoperation software solution providers that delivers a unique approach to teleoperations with its proprietary custom prediction module based on vehicle telemetry and field conditions data.
The business case for Guident has never been stronger and it includes following data points:
– low latency connectivity and teleoperation is necessary for safer and cost-effective adoption of AVs. Guident’s methods and systems will help increase safety and help bridge the gap from Level 3 to Level 5 autonomy.
– RMCC is fast becoming a legal requirement in numerous states in the US and other countries
See demonstration here: https://www.youtube.com/watch?v=ZRTgMRvv6wQ
2. Regenerative Shock Absorbers (RSA)
RSA continuously recover the vehicle’s vibration energy that is otherwise dissipated as heat and friction. RSA’s convert the wasted heat energy into power, generating additional energy for recharging the vehicle battery to extend the vehicle’s range, or to provide energy to power other vehicle components. Anticipated benefits include:
– Enhanced Sustainability for all vehicles in the fleet, including traditionally powered Internal Combustion Engine, hybrid and electric vehicles
– Increased Energy Harvesting Efficiency by approximately 70% compared to current energy-harvesting shock absorbers
– Increase range of EVs by up to 6-12 miles per charge
– It can be tuned to match existing shock absorber damping characteristics and form factors
Recently the company evaluated a series of real-world RSA use conditions in their testing laboratory in Boca Raton, Florida. With precise force and displacement measurements, they are seeking to rigorously evaluate and quantify the advantages of their proprietary energy-harvesting shock absorbers over traditional oil-filled shock absorbers.
Watch more here: https://www.youtube.com/watch?v=oc21clEuJbM
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
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Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
#MNRG MetalNRG PLC – Further Litigation Update
MetalNRG plc (“the Company”) announces that further to the High Court’s written judgements in the Company’s application for summary judgement against BritEnergy Holdings LLP and BritNRG Ltd, the first and third defendants (together the “Defendants”), in its action for recission of certain contracts and restitution, the deadline for the Defendants to make payment to the Company in the sum of £1,122,961.85 (which includes interest awarded and interim costs recovery) was 4.00pm yesterday (26th October 2022) (the “Payment Deadline”).
The Company has this morning received the second payment of £250,000 mentioned in the previous release and therefore a total of £500,001 has been received, the Defendants are currently in default in the sum of £622,960.85.
As previously announced the Company will today issue statutory demands for the unpaid balance, as a measure to protect its and its shareholders interests, and if such balance is not paid in full by the Defendants (with such additional interest as may accrue), will proceed to petition for the winding up of, or administrators appointed over, the Defendants on grounds of insolvency.
END
Contact details:
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MetalNRG plc Rolf Gerritsen |
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Corporate Broker |
+44 (0) 20 7469 0930 |
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Corporate Broker |
+44 (0) 1483 413500 |
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#TM1 Technology Minerals plc – Exploration update on the Leinster project
First work programme confirms high-grade lithium (2.95% Li2O) in spodumene pegmatite float on newly awarded exploration licence in Ireland
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce the results of the first work programme on new Prospecting Licence Area (PLA 1597) in County Wexford, Republic of Ireland, has yielded high-grade spodumene pegmatite samples in float ranging up to 2.95% Li2O.
The licence, which was awarded to Technology Minerals’ wholly owned subsidiary, LRH Resources Limited (“LRH”) on 22 March 2022, will form part of the Company’s Leinster Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Global Battery Metals Ltd (“GBML”), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ) with no project expenditure required by the Company.
Highlights
· The Company has been issued a new licence PLA 1597 by the GeoScience Regulation Office of the Department for the Environment, Climate and Communications of Ireland to add to the 15 licences already held bringing the total area of tenure to 526km2.
· Preliminary ground truthing and prospecting on PLA 1597 at two localities Knockeen and Carriglead have yielded high-grade spodumene pegmatite samples in float ranging up to 2.95% Li2O.
· Work programme due to commence to include detailed mapping, prospecting and deep overburden sampling at the Knockeen and Carriglead targets.
· Five previously identified target areas on the northern block are also to be targeted with follow up prospecting and sampling.
· Field exploration programmes to commence in October 2022 with a view to identifying specific areas for follow up drilling.
New licence PLA 1597 and initial prospecting results
PLA 1597 was identified as prospective for lithium pegmatite potential by the Company’s exploration consultants, Aurum Exploration Services (“Aurum”), following detailed desktop studies which outlined two proximal areas of spodumene-bearing pegmatite, reported by previous operators in the mid 1970s as part of their exploration programmes. The lithium pegmatite boulder trains at Knockeen and Carriglead are separated by a north-south valley and form an initial area of interest covering approximately 2km east-west and 1km north-south. An historical exploration map and report also described a trench excavated at Knockeen as having uncovered a 1.8m wide bedrock spodumene-bearing pegmatite vein. However, no detailed laboratory assays or geological maps of the trench were reported at that time.
LRH completed an initial one day reconnaissance site visit to the Knockeen – Carriglead prospects, with Aurum geologists visually confirming the presence of spodumene in float and collecting six samples which were submitted for analysis to ALS Laboratories, Loughrea, Co. Galway, Ireland and which returned values between 0.70% Li2O to 2.95% Li2O (Table 1).
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Sample ID |
Licence |
Prospect |
Li ppm |
Li2O %* |
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210724CL02 |
PL 1597 |
Knockeen |
3240 |
0.70 |
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210724CL03 |
PL 1597 |
Knockeen |
11200 |
2.41 |
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210724CL04 |
PL 1597 |
Knockeen |
11000 |
2.37 |
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210724CL05 |
PL 1597 |
Knockeen |
13700 |
2.95 |
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AES61137 |
PL 1597 |
Carriglead |
3550 |
0.76 |
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AES61138 |
PL 1597 |
Carriglead |
7470 |
1.61 |
Table 1: Results from prospecting at Knockeen and Carriglead Prospects PL 1597
*Li2O % = Li ppm % (x 2.153)
Dry stone field walls in the immediate vicinity of the historical Knockeen trench revealed abundant, spodumene-rich pegmatite float, with three of the four samples collected returning values of between 2.37% Li2O and 2.95% Li2O (Figure 1 & Photo 1).
Photo 1: Map showing spodumene pegmatite samples from Knockeen and Carriglead
A & B Spodumene pegmatite field samples Knockeen, C Spodumene pegmatite Knockeen Sample 210724CL05 (Li2O = 2.95% Li2O), D Spodumene pegmatite Carriglead Sample AES61138 (Li2O = 1.61% Li2O)
Further detailed exploration work on PLA 1597 by LRH, funded by its partner, GBML, has been agreed and is expected to commence in late October 2022, in the form of prospecting, mapping and deep overburden sampling surveys, which are aimed at defining targets for drilling.
The Leinster Property
The Leinster Property, located in the counties of Wicklow, Dublin and Wexford is focused on the exploration for lithium mineralisation within spodumene-bearing pegmatites. The Property consists of 15 prospecting licences, termed ‘the North-west Leinster Block’, which cover a total area of approximately 477km2, and a new Prospecting Licence Area (“PLA”), PLA 1597 48.32km2, in County Wexford which was awarded on 22 March 2022. All of the Property prospecting licences were granted to LRH.
The Property lies along a 135km long regional structural trend of known lithium-bearing pegmatites, along the south-eastern margin of the Leinster Massif, centred on the Aclare and Moylisha occurrences, which were discovered during 1960s and 1970s and are currently being explored under the Ganfeng – International Lithium joint venture.
In addition to the work on PLA 1597, five target areas on the North Leinster Block (Figure 2) will be followed-up, with detailed prospecting work by Aurum during Q4 2022. Exploration on these areas to-date has identified lithium-rich aplite and spodumene pegmatite float boulders within broader zones of Geological Survey of Ireland lithium anomalism in drainage stream sediment samples. This work has been previously reported by LRH and a summary of the prospecting is presented below:
1. Aghavannagh (1.78% Li2O equivalent in large angular blocks of spodumene-beating pegmatite float);
2. Sorrel (1.6% Li2O equivalent in spodumene-beating pegmatite float);
3. Tonygarrow (1.0% Li2O equivalent in spodumene-beating pegmatite float);
4. Scurlocks (0.65% Li2O equivalent in aplite float);
5. Knocknaboley (anomalous lithium, 820 ppm Lithium in aplite float).
As part of an on-going workflow, the Company continues to identify, fully assess and apply for new prospective areas for spodumene-pegmatite exploration opportunities along the district-scale Irish lithium pegmatite belt.
Figure 1: Map showing location of prospecting samples at Knockeen and Carriglead
Figure 2: Target map showing location of Northern Block and PL 1597
Alex Stanbury, CEO of Technology Minerals, said: “We are very pleased by the results of our first work programme at the Leinster Property which has confirmed the presence of high-grade lithium in spodumene-pegmatites and further strengthens our confidence in the potential of our prospects in the Irish pegmatite belt. Exploration programmes are expected to commence later this month to identify specific areas for follow up drilling and we are continuing to add to our portfolio of projects in Ireland with new applications focused on lithium exploration, a critical mineral needed to power the transition to a carbon neutral economy.”
Competent Person
All scientific and technical information in this announcement has been prepared under the supervision of EuroGeol Vaughan Williams M.Sc. P.Geo (a Principal of Aurum Exploration Services who currently provides exploration services to TM and to LRH), and a “qualified person” within the meaning of National Instrument 43-101. Vaughan Williams is also company secretary of LRH and a Director of the LRH Spanish subsidiary Asturmet Recursos S.L.
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 20 4582 3500 |
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Global Battery Metals Ltd. |
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Michael Murphy BA, MBA, MSc., ICD, President & CEO |
+1 604-649-2350 |
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Oberon Investments Limited |
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Nick Lovering, Adam Pollock |
+44 (0)20 3179 0535 |
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Arden Partners Plc |
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Ruari McGirr, George Morgan |
+44 (0)207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Amy Stupavsky |
+44 20 4582 3500 |
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
#ORPH Open Orphan PLC – Director dealings
Open Orphan plc (AIM: ORPH), (to be renamed hVIVO plc (AIM: HVO) effective 26 October 2022), a rapidly growing specialist contract research organisation (CRO) and world leader in testing infectious and respiratory disease products using human challenge clinical trials, announces that it has received notification that on 29 September 2022, Yamin ‘Mo’ Khan, Chief Executive Officer of the Company, purchased 510,204 ordinary shares of 0.1 pence each in the capital of the Company (“Shares”) at a price of 9.8 pence per Share. Following the purchase of shares Mo holds 510,204 ordinary shares representing approximately 0.08 per cent of the Company’s issued ordinary capital.
Yamin ‘Mo’ Khan, Chief Executive Officer of Open Orphan plc, said: “The purchase of shares in the Company demonstrates both my commitment and my confidence in our long-term growth strategy. Since my appointment as CEO in February 2022, we have made significant progress, delivering continued growth and a record orderbook valued at c.£80m as of 1 September, which provides excellent forward visibility into H2 2022 and 2023.”
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (as implemented into English law) (“MAR”). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information please contact:
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Open Orphan plc |
+44 (0) 20 7756 1300 |
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Yamin Khan, Chief Executive Officer |
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Liberum Capital (Nominated Adviser and Joint Broker) |
+44 (0) 20 3100 2000 |
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Ben Cryer/ Edward Mansfield/ Phil Walker/ Will King |
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finnCap plc (Joint Broker) |
+44 (0) 20 7220 0500 |
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Geoff Nash / James Thompson / Richard Chambers |
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Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0) 1 679 6363 |
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Anthony Farrell |
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Walbrook PR (Financial PR & IR) Stephanie Cuthbert / Phillip Marriage / |
+44 (0)20 7933 8780 or openorphan@walbrookpr.com +44 (0) 7796 794 663 / +44 (0) 7867 984 082 / |
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#TM1 Technology Minerals – Recyclus Approved to Recycle Batteries at Tipton
HIGHLIGHTS
· Approval allows for immediate commencement of on site manual lead-acid battery recycling processes in Tipton
· Approved Battery Treatment Operator (ABTO) status authorises Recyclus to produce up to 15,000 metric tonnes (MT) of lead per year from the recycling of lead-acid batteries
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that Recyclus Group Ltd (“Recyclus”), its 49%-owned battery recycling business, has received ABTO status from the Environmental Agency for its recycling site in Tipton, West Midlands. The approval means that Recyclus can immediately commence manual recycling operations at its lead-acid facility.
Under ABTO status, Recyclus is authorised to produce up to 15,000MT per annum of lead and store up to 300MT of inbound stock at any one time on site . The new authorisation marks the beginning of phase one of the recycling operations, which will move to a fully automated recycling process in phase two later this year following receipt of the variation of licence. The Recyclus system recycles the entire battery into separate constituent parts, to ensure recovery of lead, acid, and plastic materials, which are then reused to support a wide range of industries. For example, the hard lead can be used in grids and terminals, the soft lead for battery paste, and the sulphuric acid into fertilisers for agricultural use.
Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to have our ABTO status confirmed by the Environmental Agency, so we can kick-start recycling operations, close deals in the pipeline, and start generating revenues from this site. Once fully operational, the Tipton plant positions us to become one of the leading accredited battery recyclers internationally.
“The lead-acid battery recycling industry is currently a major polluter, with over 18,000 tonnes of spent batteries incinerated or sent to landfill each year in the UK alone. It is vital that companies look to strip back ‘greenwashing’ and promote homegrown waste management solutions if the UK is to achieve its COP26 net zero targets.
“Our operations will help to divert waste from landfill, enabling key resources to be kept in use for longer, minimising waste and reducing the environmental impacts of spent batteries. These efforts underscore our commitment to developing a truly circular economy for battery metals that will help propel the green transition and meet the net zero 2050 targets. We look forward to reporting on our progress in the coming weeks and months.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 20 7618 9100
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Arden Partners Plc |
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Ruari McGirr, George Morgan |
+44 207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Amy Stupavsky, Alexis Gore |
+44 (0)203 488 7510 |
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
On the Vox Market Podcast, Alan Green discusses #OTMP OnTheMarket, #ROO Deliveroo and #TM1 Technology Minerals
On the Vox Market Podcast, Alan Green discusses #OTMP OnTheMarket, #ROO Deliveroo and #TM1 Technology Minerals
Listen to the podcast here
#BVC BATM Advanced Comms – Trading Update and Notice of Results
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, gives notice that the Group will be announcing its results for the year ended 31 December 2021 on Monday 28 February 2022.
The Group is delighted to announce that it expects to report full year revenue and EBITDA for 2021 slightly ahead of market expectations (which were raised during the year on 23 August 2021) reflecting strong growth from ongoing operations* with increased revenue in both divisions. In particular, this has been driven by significant growth in the Group’s Diagnostics unit of the Bio-Medical division.
Looking ahead, the Group entered the new year with a substantially higher backlog from ongoing operations than at the same point of the prior year and the strong momentum of 2021 has continued. Accordingly, the Group remains on track to deliver significant growth for full year 2022 in line with market expectations.
Further detail will be provided in the Group’s full year results announcement on 28 February 2022.
Presentations to analysts and investors
Dr Zvi Marom, Chief Executive Officer, and Moti Nagar, Chief Financial Officer, will be holding presentations in London on the day of the results for:
· analysts at 9.00am GMT; and for
· private shareholders at 5.30pm GMT.
To register to attend either presentation, please contact laraapstein@luther.co.uk .
* Excluding the contribution to 2021 and 2020 from NGSoft, a non-core subsidiary that the Group sold in March 2021, and the contribution to 2020 from a significant contract to supply critical care ventilators, which was exceptional in nature.
Enquiries:
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BATM Advanced Communications |
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Dr Zvi Marom, Chief Executive Officer |
+972 9866 2525 |
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Moti Nagar, Chief Financial Officer |
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Shore Capital |
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Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)
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+44 20 7408 4050 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury |
+44 20 7618 9100 |