RCS - Technology Minerals - Recyclus signs agreement with AA Battery Recycling

Technology MineralsAnnouncement

27/03/2024 07:00

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RNS Number : 4223I  Technology Minerals PLC  27 March 2024

 

27 March 2024

 

Technology Minerals Plc

("Technology Minerals" or the "Company")

 

Recyclus to recycle lithium-ion batteries from AA Battery Recycling

 

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 begun receipt of lithium-ion ("Li-ion") batteries for
recycling from AA Battery Recycling Limited ("AA Battery Recycling"), an
Approved Battery Treatment Operator ("ABTO") specialising in the full range of
battery chemistries from household to industrial.

AA Battery Recycling will send Li-ion batteries to Recyclus' Wolverhampton
plant for processing and recycling. Recyclus' cutting-edge facility is the
only industrial scale Li-ion battery recycling plant in the UK, able to
address the challenges associated with rising volumes of waste Li-ion
batteries created by the global shift towards electrification.

The agreement enables AA Battery Recycling to recycle its Li-ion waste in the
UK, rather than exporting the waste materials abroad for treatment, thereby
reducing the cost and complexity of its operations, and removing the risks
associated with storing hazardous spent battery material awaiting export on
site.

Recyclus will receive gate fees for receiving the Li-ion batteries, as well as
any sales of black mass and other recoverable materials produced from the
recycling process.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said:
"The agreement with AA Battery Recycling is a clear demonstration of the
pressing need for Recyclus' industrial scale lithium-ion battery recycling
solution.  AA Battery Recycling can now process battery waste right here in
the UK, that would otherwise have been exported for treatment. Their focus on
sustainability is strongly aligned with our own, making them an ideal partner
for Recyclus, and we look forward to building a strong relationship as we
continue to scale up operations at the Wolverhampton facility."

Anne Bishop, Commercial Director of AA Battery Recycling, said: "We are
thrilled to partner with Recyclus, which provides a safe and effective
solution for the disposal of Li-ion batteries on an industrial scale in the
UK. As a provider of waste management solutions to conserve resources, we are
delighted to work with a UK partner who is also committed to driving
sustainability in the battery sector."

 

Enquiries

 

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

 Alexander Stanbury, Chief Executive Officer

 Oberon Investments Limited (Broker)
 Nick Lovering, Adam Pollock                   +44 (0)20 3179 5300

 Gracechurch Group (Financial PR)
 Harry Chathli, Alexis Gore, Anysia Virdi      +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/) .

 

About AA Battery Recycling

 

With over 25 years experience in the hazardous waste and recycling industries,
AA Battery Recycling provides specialist recycling services of batteries. AA
Battery Recycling have been an Approved Battery Treatment Operator (ABTO) and
Approved Battery Exporter (ABE), since 2018. It is also an Approved Treatment
Facility (ATF) for WEEE specialising in electrical and electronic devices
containing batteries that require dismantling. AA Battery Recycling are
committed to working with development and recycling companies such as Recyclus
Group to provide a more sustainable future, minimising our impact on both the
local and global environment. For further information please visit,
www.aabatteryrecycling.co.uk

 

 

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