REG - Technology Minerals - EA Approves Lead Acid Battery Recycling Plant

Technology MineralsAnnouncement

19/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231019:nRSS5919Qa&default-theme=true

RNS Number : 5919Q  Technology Minerals PLC  19 October 2023

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.

 

19 October 2023

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

EA Issues Final Approval for Lead Acid Battery Recycling Plant

 

Recyclus' Tipton facility ready to commence fully automated operations this
month

 

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 48.25% owned battery recycling business, Recyclus Group Ltd
("Recyclus"), has received final clearance from the Environment Agency ("EA")
for the variation licence to commence full automated operations at its lead
acid battery recycling plant in Tipton, West Midlands.

 

The EA permit allows Recyclus to enter the commissioning phase at the plant,
gradually increasing the monthly volumes being processed over a period of
approximately four months.

 

This final EA licence is a significant milestone as it represents the last
required licence for the company at both its Wolverhampton and Tipton plants,
allowing full automated operations, and paving the way for eight additional
plants Recyclus plans to build in the coming years.

 

The Tipton plant is the first among Recyclus' planned five lead acid plants to
be located in the UK. The facility has the capacity to recycle up to 15,000
tonnes of lead acid materials during the first full year of operations. Over
the coming years, Recyclus are committed to scaling up its efforts, with a
target of processing a cumulative total of 80,000 tonnes across the subsequent
four lead acid plants.

 

Robin Brundle, Chairman of Technology Minerals, said: "We are delighted to
announce that Recyclus has received final approval from the Environment Agency
to initiate full automated operations at its lead acid recycling facility in
Tipton. This is a significant milestone for Recyclus and represents the first
of five lead acid battery recycling facilities the company aims to establish
in the UK."

 

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 company, providing a
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 (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/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFLTIELTLIV