REG - Technology Minerals - Project to recycle 4000 Li-ion battery modules

Technology MineralsAnnouncement

25/09/2024 07:00

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RNS Number : 5124F  Technology Minerals PLC  25 September 2024

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25 September 2024

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Project to recycle 4,000 lithium-ion battery modules

 

Completed recycling programme for 4,000 spent Li-ion battery modules from
electric vehicles, which were stored and transported using LiBox containers

 

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 completed a 10-week programme with a leading engineering
services and technology company, successfully recycling 4,000 end-of-life
lithium-ion ("Li-ion") battery modules sourced from electric vehicles.

 

Under the terms of the agreement, the Li-ion battery modules were sent to
Recyclus' industrial-scale Li-ion recycling facility over an initial ten-week
project. The battery modules were safely stored and transported using
Recyclus' UN-certified and ADR compliant proprietary LiBox containers,
providing an end-to-end solution for their end-of-life Li-ion batteries.
Recyclus leased its LiBox boxes to the partner and received gate fees for the
processing of the battery modules.

 

Recyclus offers a 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. The Wolverhampton industrial scale
recycling facility is the first of its kind in the UK, while the proprietary
Li-ion battery storage boxes, LiBox, ensure the safe transportation and
storage of Li-ion batteries.

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said:
"We are proud to help tackle the increasing volumes of end-of-life Li-ion
batteries that have emerged in the transition to electrification. Successfully
delivering this project to recycle 4,000 Li-ion battery modules from a major
player in this field is a testament to our ability to become the go-to
provider to store, transport and recycle Li-ion batteries on an industrial
scale."

 

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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