RCS - Technology Minerals - Recyclus to recycle LIBs from Servicesure

Technology MineralsAnnouncement

20/02/2024 07:00

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RNS Number : 6797D  Technology Minerals PLC  20 February 2024

 

20 February 2024

 

Technology Minerals Plc

("Technology Minerals" or the "Company")

 

Recyclus to recycle lithium-ion batteries from Servicesure

 

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"), will receive lithium-ion ("Li-ion") batteries for recycling from
Servicesure Autocentres ("Servicesure"), a prominent network of more than 600
independent autocentres in the UK.

Under Recyclus' partnership with Slicker Recycling Limited ("Slicker
Recycling"), Servicesure will send its waste Li-ion batteries to Recyclus for
processing and recycling. The Li-ion batteries will be provided by
Servicesure's EVSure member businesses. EVSure is a scheme launched by
Servicesure to provide support and trusted traders for the growing electric
vehicle ("EV") and hybrid aftermarket.

Recyclus' LiBoxes, which are UN-certified, ADR compliant - the highest global
standard for transporting hazardous goods, will be deployed for the safe
transport and storage of the Li-ion batteries. This sustainable and secure
approach minimises risks related to the transportation of EV batteries.
Simultaneously, it offers a vital storage solution for EV batteries within the
Servicesure network's garages.

The transportation of these batteries to Recyclus' cutting-edge recycling
facility in Wolverhampton, the only industrial-scale Li-ion recycling plant in
the UK, will be provided by Slicker Recycling, the designated logistics
partner. This strategic partnership establishes a foundation for a sustainable
circular economy, ensuring responsible usage, transportation and recycling of
Li-ion batteries within the EVSure network.

Robin Brundle, Director and Co-Founder of Recyclus Group, said: "As the first
UK-based battery lithium-ion recycler at industrial scale, it is our mission
to create a cradle-to-cradle sustainable circular economy for battery metals,
assuring the supply of battery materials for future generations. We are
delighted to now be working with EVSure through our trusted partner, Slicker
Recycling."

Paul Dineen, GSF Car Parts Head of Servicesure Autocentres, said: "Our
priority is to provide the best value for our network members. Through our
partnership with Slicker Recycling, and in turn Recyclus, we have found what
we believe to be the best solution for our members' waste lithium-ion
batteries. Through our partnership, we will help reduce members' carbon
emissions, improve their sustainability, and minimise waste management spend.

 

"This aligns with GSF Car Parts' wider aims to find innovative new solutions
to apply sustainable practices to our part in the automotive aftermarket."

 

Laura Carter, Managing Director at Slicker Recycling, commented: "Long has
sustainability and the circular economy been at the centre of the
Slicker-Servicesure partnership, as we continue to provide a 'closed loop'
solution for members' used oil and other workshop waste.

 

"Now, thanks to our alignment with lithium-ion recycling specialist, Recyclus,
we are pleased to offer a sustainable solution for the growing needs of
Servicesure's EVSure members."

 

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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