Technology Minerals (LSE:TM1) said new separation equipment at its 48.35%‑owned Recyclus Group's Wolverhampton facility is now operational and will enable copper and aluminium to be recovered as discrete commercial outputs alongside black mass in a single continuous process.
Technology Minerals, the first UK‑listed company focused on the sustainable circular economy for battery metals, has provided a short‑term £100,000 Bridge Facility to Recyclus to accelerate deployment, with repayment expected from processing proceeds by 20 July.
"This capability unlocks copper and aluminium as new commercial revenue streams and enables the simultaneous recovery of black mass, copper and aluminium in a single continuous process," said Alex Stanbury, CEO of Technology Minerals and Director of Recyclus.
The company said expected net payable values based on current LME pricing and charges are approximately £8,000 per tonne for copper and approximately £1,300 per tonne for aluminium, and that the recoveries should materially increase revenue per tonne and improve black mass recovery.
Recyclus has begun reprocessing a discrete stockpile of roughly 180 tonnes of previously processed material at Wolverhampton, expects to complete this work within approximately 12 weeks, and intends the proceeds to repay the Bridge Facility in full.
The Board said primary processing at the Wolverhampton site has continued throughout, with the 180‑tonne stockpile described as distinct from ongoing incoming feedstock. It added the equipment forms part of a programme to extract more value from existing capacity and said it will provide a further update as the reprocessing programme progresses.
