Technology Minerals (LSE:TM1) shares jumped, rising 16.1% to 0.09p after its 48.35%-owned Recyclus Group said it had won grant funding to pilot a UK battery recycling system converting lithium-ion black mass into reusable cathode material.
The consortium with Watercycle Technologies, the UK Battery Industrialisation Centre and Polaron will deploy a pilot‑scale ReCAM unit at Recyclus' industrial recycling plant in Wolverhampton capable of processing 250kg per hour and Recyclus will receive approximately £400,000 of the grant, the company said, and Technology Minerals is the first UK listed company focused on creating national resource and manufacturing resilience through a sustainable circular economy for battery metals.
"By enabling black mass to be processed locally, ReCAM will allow for a great deal more of a waste battery's value to be kept within the UK economy whilst significantly strengthening the UK's circular battery supply chain," Robin Brundle said.
ReCAM uses a single‑step, zero‑waste, modular on‑site approach designed to cut exports, reduce emissions and deliver cost and time savings while Polaron will apply its AI‑driven optimisation platform to help bring recycled output to battery‑grade use as quickly as possible.
The project is delivered by Innovate UK with support from the Department for Business and Trade and sits within the UK's wider £452 million Battery Innovation Programme running from 2026 to 2030.
