Recycling secures Phase 2 Grant & Booster Funding

Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces that its UK subsidiary, Battery Minerals Ltd ("Battery Minerals"), has successfully completed Phase 1 of the Advanced Propulsion Centre UK's (APC) Technology Developer Accelerator Programme (TDAP) and has subsequently secured £100,000 of Phase 2 grant-funding along with an additional £75,000 booster grant from the UK's Department for Business and Trade (DBT) as part of the programme to accelerate commercialisation of its recycling technology. Battery Minerals is developing Lithium-Ion ("Li-Ion") recycling, a subset of the package of battery related technologies that Gelion acquired from Johnson Matthey in 2023.

The focus of TDAP Phase 1 was to demonstrate commercial traction by engaging prospective customers and partners to support the scale-up and commercial deployment of the technology, which has been achieved.

During Phase 1, Battery Minerals successfully demonstrated:

• commercial demand for its recycling technology offering;
• the technology design concept for a modular unit that:

o integrates with existing black mass producers, enabling lithium extraction with significantly lower capital investment requirements;

o enables localised processing to reduce dependence on external supply chains;

o aims to provide a cost-effective operation, even at smaller scales.

These milestones reinforce the potential of Gelion's technology to drive sustainable, efficient, and economically viable battery recycling solutions.

The technology would circumvent the need for large-scale refineries, which are significantly higher cost and have a longer build time and allow localised processing of battery waste. It is timely given the EU's minimum recycled content targets for batteries (minimum 6% lithium from recycled sources in 2031)[1] and shift by battery makers and OEMs to increase recycled content in their cells.

Progression to Phase 2 of the programme indicates the validation from the APC and partners for Battery Minerals technology's potential and the commercial traction achieved.

Phase 2 of TDAP, running between February 2025 and November 2025, focuses on 'Technology Validation' and will involve the further development of the recycling process with partners to increase the technology-readiness level ("TRL") and potentially support a feasibility study for a larger scale pilot plant. The booster grant was awarded to selected participants moving into Phase 2 and will enable Battery Minerals to accelerate research by establishing a dedicated laboratory facility and expanding the research team.

The growing volume of battery waste presents an environmental challenge, an economic opportunity (projected to be worth $30-40 billion globally by 2030[2]) and a strategic opportunity (self-sufficient minerals supply).

Gelion CEO John Wood said: "We are excited to be progressing to Phase 2 of TDAP to accelerate our Lithium-Ion recycling technology suite to be investment and market-ready and to have received support with additional grant funding. The development of this cutting-edge, advanced recycling process is critical to the future of the European battery industry, and APC's support is helping us advance toward bringing our solution to market."

Lithium Sulfur

Advantages of Gelion's GEN 3 Lithium Sulfur

• High energy density - Energy density > 400 Wh/kg, when using a 10+ Ah pouch cell.

Glossary

Zinc

Recycling

Integration

About the Advanced Propulsion Centre UK

The Advanced Propulsion Centre UK (APC) collaborates with UK government, the automotive industry and academia to facilitate funding and accelerate the industrialisation of technologies, supporting the transition to a net-zero automotive supply chain in the UK.

Since its foundation in 2013, APC, with the backing of the UK Government's Department for Business and Trade (DBT), has funded 264 low-carbon and zero emission projects involving 492 partners, working with companies of all sizes, and will have helped to create or safeguard over 58,000 jobs in the UK. The technologies developed in these projects are projected to save over 410 million tonnes of CO2.

With its deep sector expertise and cutting-edge knowledge of new propulsion technologies, APC's role in building and advising project consortia helps projects start more quickly and deliver increased value. In the longer term, its work to drive innovation and encourage collaboration is building the foundations for a successful and sustainable UK automotive industry.

In 2020 UK Government established the Automotive Transformation Fund (ATF) to accelerate the development of a net-zero vehicle supply chain, enabling UK-based manufacturers to serve global markets. ATF investments are accessed through the APC and awarded by DBT to support strategically important UK capital and R&D investments that will enable companies involved in batteries, motors and drives, power electronics, fuel cells, and associated supply chains to anchor their future.

For more information go to www.apcuk.co.uk or follow us @theapcuk on X and Advanced Propulsion Centre UK on LinkedIn.

[1] https://www.iea.org/policies/16763-eu-sustainable-batteries-regulation

[2] https://www.statista.com/statistics/1103263/li-ion-battery-recycling-market-size/