Jump to:

Altilium Metals hero image

Altilium Metals

Follow

Supporting the energy sector’s transition to zero carbon by supplying rare technology metals to EVs.

109%
 - 
Funded 5 Dec 2022
£714,006 target
£781,492 from 410 investors
More
Less

Business overview

Location Colchester, United Kingdom
Social media
Website altilium-metals.com/
Sectors Energy Non-Digital B2B
Company number 12863419
Incorporation date 7 Sep 2020
More
Less

Investment summary

Type Equity
Valuation (pre-money) £77.2M
Equity offered 1.00%
Tax relief N/A
More
Less

Business highlights

  • Recovering +95% of critical battery metals through our process
  • Awarded £3m+ government funding to scale recycling tech
  • 38% carbon saving compared to virgin mining
  • Exploring large scale EV battery recycling plants in UK & EU
More
Less

Key features

  • Secondary Market
  • Nominee investment min. £16.44 +

Idea

Introduction

Altilium Metals is a UK green technology group on a mission to support the transformation of the global energy sector from fossil-based to zero-carbon. Until recently end-of-life electric vehicle batteries were regarded as hazardous waste, but they can actually serve as valuable sources of critical metals such as lithium, nickel and cobalt the UK does not have. China currently controls the processing of these vital metals needed for the energy transition.

We are developing recycling technologies to return critical metals to the supply chain from spent EV batteries in an environmentally friendly way to save natural resources, bring energy security to the UK and reduce its dependency on raw materials from countries with poor human rights.

Our proprietary recycling process can recover + 95% of the critical metals at a quality for reuse in new batteries. Recycling results in a 38% carbon saving compared to mining. Our technology is being scaled up with over £3 million in UK Government Innovation awards.

We already have a hydrometallurgical plant in Europe for the recycling of copper mine waste and we have completed a scoping study to use the existing facility for the recycling of EV battery waste. We will adopt a hybrid approach to feed supplementing battery waste supplies with raw materials from Altilium Metals owned nickel and manganese mines in Indonesia.

Substantial accomplishments to date

• A 20-month technology verification program of our proprietary battery recycling process was undertaken at the University of Plymouth showing over 95 % recovery of critical metals from end of life batteries. The study provided essential third party confirmation that our process is not only fit for purpose but provides substantial enhancements on established critical metal recycling methods.

• In 2022 awarded over £3 million in UK Government Innovation awards to scale up the recycling process to enable a circular economy for the battery value chain, significantly improving the product carbon footprint in the manufacture of electric vehicle batteries in the UK.

• In July 2022 opened an electric vehicle battery recycling technology Centre in Devon. At this innovation centre we will develop materials technologies and perform testing, analysis and product optimisation on end-of-life lithium ion batteries. Work will include using natural bacterial or bio-leaching to recover critical metals.

• A 12 month research program with Imperial College, London will start Q4 2022 to characterise the performance of our recycled material compared to virgin raw materials.

• Under support of the UK Government Automotive Transformation Fund we have commenced a Bankable Feasibility Study for a Mega-Recycling Plant transforming battery waste from over 150,000 electric vehicles, currently the largest planned plant for the UK. This study will be completed in February 2023.

• Signed NDA with large German automotive OEM for technology investigation.

Monetisation strategy

Currently the UK recycling section of the business is funded by over £3 million UK Government Innovation awards, with funds provided in instalments until March 2024.

Altilium plans to generate revenue from:

a. Licencing of the Altilium recycling process to partners such as automotive OEMs for end of life battery recycling and cell manufacturers/gigafactories to recycle scrap. Recycling plants will be built in countries with significant adoption of Electric Vehicles and EV gigafactories.

b. Building UK and European battery-scrap recycling plants.

We anticipate huge demand for critical metals for manufacture of electric vehicle batteries once the UK bans the sale of petrol and diesel cars in 2030, as well as a tsunami wave of end-of-life batteries expected later this decade.

Use of proceeds

Altilium Metals is in receipt of an award from the UK Government's Automotive Transformation Fund for a Bankable Feasibility Study for a Mega-Recycling Plant transforming battery waste from over 150,000 electric vehicles - to our knowledge, the largest planned plant for the UK.

Press release:

https://www.gov.uk/government/news/electric-mot...

The 6 month study will be completed in February 2023 and will support the investment decision for our first UK plant, enabling a circular economy for the battery value chain. The plant would produce material in a format to be directly reused in the manufacture of new cells in battery gigafactories, supporting the electrification of a UK automotive supply chain.

The plant engineering design is being completed by technical consultant Hatch. Funds being raised will be used for match funding to the UK Government award and technical reports to complete the feasibility study.

Open an account to get access to the team members of Altilium Metals

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Altilium Metals has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 21 October 2022 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £77,196,313

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Seedrs.

Pitch type

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

Find out more

Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

Find out more

Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

Find out more

Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

Warning

You are following a link outside of europe.republic.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

ContinueCancel