LONDON (dpa-AFX) - Shares of Gelion plc (GELN.L) were gaining nearly 24
percent in the morning trading in London after the Anglo-Australian battery
innovator Wednesday said it has signed a Joint Development Agreement or JDA with
Glencore International AG, a diversified resource company.

The JDA aims to accelerate the commercialisation of Gelion's next generation
battery technologies.

With the deal, the companies will coordinate together to assess the suitability
of Gelion's battery technologies for Glencore's use in its stationary and / or
mobile applications.

Following this coordination, they will initiate a pilot testing programme to
validate opportunities identified.

The companies also plan to 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.

John Wood, Gelion CEO said, '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.'

Gelion also plans 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.

In London, Gelion shares were trading at 23 pence, up 24.32%.



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