REG - Technology Minerals - Leading online retailer adopts Recyclus solution

Technology MineralsAnnouncement

06/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250106:nRSF1903Sa&default-theme=true

RNS Number : 1903S  Technology Minerals PLC  06 January 2025

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.

 

6 January 2025

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Leading online retailer adopts Recyclus solution

 

Recyclus to deploy combined solution to recycle lithium-ion batteries and
utilise its LiBox safe transportation and storage boxes

 

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 recycle end-of-life lithium-ion ("Li-ion") batteries for a
leading online retailer as part of their ongoing maintenance programme.

 

The online retailer will send end-of-life Li-ion battery packs to Recyclus'
industrial scale Li-ion battery recycling facility for processing. Having
already successfully recycled several thousand end-of-life Li-ion batteries
from the company, Recyclus will continue as a service provider to process
battery waste for their ongoing maintenance programme. In addition, to store
and transport the batteries, they will use Recyclus' proprietary Li-ion
battery storage boxes, LiBox, which are UN-certified and ADR compliant - the
highest global standard for transporting hazardous goods.

 

By providing industrial-scale Li-ion battery recycling and ensuring safe
storage and transportation, the programme significantly mitigates the
environmental hazards associated with Li-ion battery disposal. Recyclus offers
a crucial cradle-to-cradle solution, addressing the challenges posed by the
increasing volumes of end-of-life Li-ion batteries resulting from the global
shift towards electrification.

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said:
"It is a pleasure to partner with a company that shares our dedication to
delivering sustainable energy-related solutions. The materials recovered from
recycling Li-ion batteries will support our mission to establish a
cradle-to-cradle circular economy returning recovered critical battery metals
back into the industrial supply chain. This builds on the momentum of other
recently announced partnerships, further solidifying Recyclus' growing
commercial traction."

 

 

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/) .

 

 

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  UPDFZGGMMKDGKZZ