RCS - Technology Minerals - Recyclus joins UK & Indian Government ITES scheme

Technology MineralsAnnouncement

12/03/2024 07:15

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RNS Number : 4223G  Technology Minerals PLC  12 March 2024

 

12 March 2024

 

Technology Minerals Plc

("Technology Minerals" or the "Company")

 

Recyclus selected to join UK and Indian Governments' Innovating for Transport
and Energy Systems scheme to achieve net zero

 

Technology Minerals Plc (LSE: TM1), the first listed UK 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 successfully secured a place on the Governments' Innovating
for Transport and Energy Systems ("ITES") scheme to boost research, innovation
and investment between the UK and India to accelerate the path towards Net
Zero.

 

ITES nurtures partnerships amongst key players in the UK and India's journey
towards achieving cleaner transport systems, ranging from high-impact
innovators, researchers, policymakers, businesses and investors. The programme
is designed to accelerate the development of technologies and solutions needed
to decarbonise transportation in both countries and is backed by the UK and
Indian Governments, UK government agency Innovate UK and led by Net Zero
research and technology organisation Energy Systems Catapult, in partnership
with the Indian Institute of Science (IISc).

 

The programme will allow Recyclus direct access to India's burgeoning
lithium-ion ("Li-ion") electric battery sector, to explore a range of possible
commercial opportunities for both its Li-ion recycling plant, the first
industrial scale Li-ion recycling facility in the UK, along with its
award-winning mobile solution, in collaboration with The University of
Birmingham. Recyclus' cutting-edge Li-ion recycling solutions are well placed
to address the pressing need for Li-ion battery processing in India's cities,
with its mobile offering providing solutions for the provinces.

 

Robin Brundle, Co-Founder and Director of Recyclus, said: "We are honoured to
be selected to join the Governments' ITES scheme in collaboration with the
Indian Government. With a population of c1.5bn with c1.3bn of those owning one
or more handheld devices India is in need of a solution to address rising
volumes of discarded Li-ion batteries, and our selection evidences the UK
government's view of Recyclus as a trusted company in establishing a
cradle-to-cradle sustainable circular economy for battery metals supporting
the drive to electrification."

 

Enquiries

 

 Technology Minerals Plc
 Robin Brundle, Executive Chairman             c/o +44 (0)20 4582 3500

 Alexander Stanbury, Chief Executive Officer

 Oberon Investments Limited
 Nick Lovering, Adam Pollock                   +44 (0)20 3179 0535

 Gracechurch Group
 Harry Chathli, Alexis Gore, Rebecca Scott     +44 (0)20 4582 3500

 

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. The Company
currently holds 48.35% of the issued share capital of Recyclus Group Ltd, the
UK's first industrial-scale recycler of both lithium-ion and lead batteries.

 

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
(http://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 Li-ion and
lead acid batteries and is a significant contributor towards the circular
economy of battery metals. Further information on Recyclus Group is available
at www.recyclusgroup.com (http://www.recyclusgroup.com/) .

 

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