The information contained within
this announcement is deemed to constitute inside information as
stipulated under the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with the Company's
obligations under Article 17 of the UK MAR. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
13 January 2025
Technology Minerals Plc
("Technology Minerals" or the "Company")
Contract
to recycle lithium-ion batteries from global automotive
company
Technology Minerals Plc (LSE: TM1),
the first UK listed company focused on creating a sustainable
circular economy for battery metals, is pleased to announce that
its 48.35% owned battery recycling business, Recyclus Group Ltd
("Recyclus"), has signed an agreement to recycle lithium-ion
("Li-ion") battery packs from a global automotive company (the
"Customer").
Under the terms of the contract,
Recyclus will process hundreds of electric vehicle Li-ion battery
packs at its Wolverhampton industrial scale Li-ion battery
recycling facility. The batteries will be sourced both domestically
and internationally following a battery recall programme by the
Customer and represents Recyclus' first contract for recycling
batteries from overseas. The contract demonstrates Recyclus' global
reach and growing reputation in the Li-ion battery recycling
sector, and the increasing demand for its cradle-to-cradle
solution.
Robin Brundle, Chairman of Technology Minerals and Director of
Recyclus, said: "We are thrilled to
collaborate with a globally renowned company that shares our
commitment to driving sustainability in the automotive sector. The
multinational scope of the partnership highlights the
industry-leading nature of Recyclus' solutions, building further
momentum for the company and reinforcing our position as a trusted
service provider for Li-ion battery recycling."
Enquiries
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Technology Minerals Plc
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Robin Brundle, Executive
Chairman
Alex Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582 3500
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Oberon Investments Limited (Broker)
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Nick Lovering, Adam
Pollock
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+44 (0)20 3179 0500
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Gracechurch Group (Financial PR)
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Harry Chathli, Alexis Gore, Rebecca
Scott
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+44 (0)20 4582 3500
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Technology Minerals Plc
Technology Minerals is developing
the UK's first listed, sustainable circular economy for battery
metals, using cutting-edge technology to recycle, recover, and
re-use battery technologies for a renewable energy future.
Technology Minerals is focused on raw material exploration required
for Li-ion batteries, whilst solving the ecological issue of spent
Li-ion batteries, by recycling them for re-use by battery
manufacturers. Further information on Technology Minerals is
available at www.technologyminerals.co.uk.
Recyclus Group Ltd
The demand for the raw materials
used in battery manufacturing is anticipated to increase
substantially. Recyclus Group provides a national recycling
initiative that supports the transition to carbon neutrality.
Recyclus Group's battery recycling capacity will prove essential in
the shift from fossil fuels to electric transportation. Through its
strategic support from Technology Minerals, Recyclus is an integral
component to the recycling of lithium-ion batteries and is a
significant contributor towards the circular economy for battery
metals. Further information on Recyclus Group is available
at https://www.recyclusgroup.com/.