THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR"). UPON PUBLICATION OF THIS
ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC.
26 June 2024
Gelion plc
("Gelion" or the
"Company" or the "Group")
Glencore and Gelion Joint Development
Agreement Announcement
Gelion (AIM: GELN), the Anglo-Australian
battery innovator, has signed a Joint Development Agreement
("JDA") with Glencore
International AG ("Glencore"), one of the
world's largest globally diversified resource companies. This JDA
aims to accelerate the commercialisation of Gelion's
next generation battery technologies by leveraging Glencore's
expertise in battery materials and recycling alongside Gelion's IP
and battery technology innovation expertise.
Objectives:
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Coordinate together assess the suitability of
Gelion's battery technologies for Glencore's use in its stationary
and / or mobile applications.
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Following this coordination initiate a pilot
testing programme to validate opportunity identified.
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Conduct a review of the supply chain input
materials necessary for manufacturing Gelion's battery technologies
identifying synergies for Glencore's strategic supply of materials
to Gelion.
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Explore synergies regarding future recycling of
batteries.
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There is also scope within the JDA to consider
possible future commercial arrangements, which may
include:
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Gelion supply of batteries to Glencore with
preferential terms.
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Glencore or its affiliates supply of battery
input materials to Gelion.
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Cooperation between the parties with respect to
battery recycling.
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Commenting on
the Announcement, John Wood, Gelion CEO said:
"We are delighted to sign a JDA alongside global
industry leader Glencore. This JDA provides opportunity to assess
alongside Glencore the scope of opportunity to potentially
introduce Gelion's next-generation battery technologies to the
global mining sector.
The objective is to combine the
strength of Glencore's operational application knowledge and raw
materials supply with Gelion's next-generation battery technology
innovation understanding to investigate the match of performance to
mining applications. We are also excited to explore any potential
synergies with Glencore in the field of lithium-ion battery
recycling by leveraging the IP recycling patent portfolio Gelion
acquired from Johnson Matthey in 2023".
CONTACTS
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Gelion plc
John Wood, CEO
Amit Gupta, CFO
Thomas Maschmeyer, Founder and
Principal Technology Advisor
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via
Alma
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Cavendish Capital Markets Limited (Nominated Adviser and Broker)
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+44
207 220 0500
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Corporate Finance
Neil McDonald
Seamus Fricker
Fergus Sullivan
ECM
Leif Powis
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Alma Strategic Communications (Financial PR Adviser)
Justine James
Hannah Campbell
Will Ellis Hancock
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+44
20 3405 0205
gelion@almastrategic.com
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About
Gelion
Gelion ("gel: ion") is a global -energy storage
innovator, supporting the transition to a more sustainable economy
by commercialising two globally important next generation
technologies: Lithium-Sulfur (Li-S) and Zinc-based (Zn) hybrid
cells to electrify mobile and stationary applications. Gelion plc
(the Group) is listed on the London Stock Exchange's AIM market and
wholly owns Australia based Gelion Technologies Pty Ltd and UK
based OXLiD Ltd and Battery Minerals Ltd. Gelion is designing and
delivering innovative battery technologies to enable that
transition and return value for its customers and investors.
Lithium
Sulfur
Gelion's effort is directed at the potential for the
Li-S chemistry to deliver double the gravimetric energy density of
standard Lithium-ion chemistries whilst concurrently reducing cost
and increasing safety, targeting the EV and e-aviation market,
helping to make global transport, energy consumption and storage
more sustainable.
Gelion is developing a product for its high energy
density sulfur cathode at its expanded R&D facilities in
Sydney, enabling it to integrate with a variety of anodes ranging
from graphite to silicon to lithium metal, depending on the
targeted application.
Gelion recently also expanded in the UK by acquiring
OXLiD Ltd, significantly increasing its capability in cathode
improvement thereby accelerating path to commercial partners and
commercialisation.
Zinc
Gelion is adapting its zinc technology to comprise an
alternate cathode technology, a zinc hybrid cell to develop
complementary next-generation batteries for the lead-acid
eco-system. Early testing indicates that this solution has the
potential to maintain good energy density levels with enhanced cost
and safety aspects. Once fully developed, Gelion intends for its
zinc technology to provide a durable and sustainable market
extension within the ecosystem that supports lead-acid
batteries.