REG - Technology Minerals - Largest contract win for Recyclus

Technology MineralsAnnouncement

09/04/2025 07:00

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RNS Number : 2106E  Technology Minerals PLC  09 April 2025

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9 April 2025

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Largest contract win for Recyclus

 

12-month contract with global industrial group

 

Technology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a
circular economy for battery metals, is pleased to announce that its 48.35%
owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has signed
a 12-month contract with a global industrial group to recycle lithium-ion
("Li-ion") batteries.

 

Under the terms of the agreement, end-of-life Li-ion batteries will be
recycled at Recyclus' industrial scale battery recycling plant in
Wolverhampton. Recyclus will receive gate fees for receiving the Li-ion
batteries and revenues from the sale of recovered material including black
mass.

 

This contract is the latest in a series of new customer wins, reinforcing the
strength of Recyclus' cradle-to-cradle Li-ion battery recycling solution and
its growing reputation within the industry.  Recyclus will build on this
success to strengthen its position as a leading provider of recycling
solutions for the growing challenge of battery waste from the increasing use
of industrial and consumer Li-ion batteries.

 

Alex Stanbury, CEO of Technology Minerals and Director of Recyclus, said:
"Securing a 12-month contract with a global major which has the potential to
generate revenues of up to £2 million is a significant milestone for
Recyclus. This is our largest contract win to date and further highlights the
strong momentum and commercial traction achieved in recent months.

"Following a steady stream of agreements for Recyclus, this contract
illustrates the confidence leading manufacturers place in our solutions,
reinforcing our position as a recycler of choice and ability to meet
increasing demand as the world continues to move towards electrification."

 

Enquiries

 

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

 Alex Stanbury, Chief Executive Officer

 Oberon Investments Limited (Broker)
 Nick Lovering, Adam Pollock                +44 (0)20 3179 0500

 Gracechurch Group (Financial PR)
 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. 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 lithium-ion
and lead acid 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/ (https://www.recyclusgroup.com/) .

 

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