REG - Technology Minerals - Recyclus signs agreement with Halfords Group plc

Technology MineralsAnnouncement

19/11/2024 07:00

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RNS Number : 7004M  Technology Minerals PLC  19 November 2024

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Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
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now considered to be in the public domain.

 

 

19 November 2024

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Recyclus to recycle lithium-ion batteries from Halfords Group plc

 

 

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 it has secured an agreement with Halfords Group plc
("Halfords"), the UK's leading provider of motoring and cycling services and
products, to recycle waste lithium-ion ("Li-ion") e-mobility batteries for an
initial period of 12 months.

 

Recyclus will collect spent Li-ion e-mobility batteries for processing at its
Wolverhampton LiBatt facility, the UK's first and only industrial scale
lithium-ion battery recycling plant, able to address the challenges associated
with increasing volumes of battery waste generated by rising usage of electric
vehicles.

 

Halfords is the UK's leading retailer of motoring, cycling and leisure
products and services, for both corporate and consumer customers. Through
Halfords Autocentres, it is also one of the UK's leading independent operators
in vehicle servicing, maintenance and repairs with over 1,750 service
locations across the country. As the world shifts towards electrification, it
is well positioned to support UK customers with the switch to electric forms
of transport driven by regulatory changes and increasing environmental
concern.

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said:
"We are thrilled to be working with such a blue-chip household name, who share
our aim to accelerate the transition towards a more sustainable world
underpinned by electric transportation solutions. As the latest of multiple
agreements of this nature made with elite partners, the deal further evidences
the quality of, and demand for, Recyclus' Li-ion battery recycling solution.
We are hugely excited to begin this journey with Halfords and look forward to
a bright future together."

 

Enquiries

 

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

 Alex Stanbury, Chief Executive Officer

 Oberon Capital (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. 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 acid
batteries.

 

Technology Minerals is focused on raw material exploration required for
lithium-ion batteries, whilst solving the ecological issue of spent
lithium-ion batteries, by recycling them for re-use by battery manufacturers.
Further information on Technology Minerals is available at
https://www.technologyminerals.co.uk/ (https://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/) .

 

About Halfords

 

Halfords is the UK's leading provider of motoring and cycling services and
products. Customers shop at 386 Halfords stores, 3 Performance Cycling stores
(trading as Tredz and Giant), 645 garages (trading as Halfords Autocentres,
McConechy's, Universal, National Tyres and Lodge Tyres) and have access to 266
mobile service vans (trading as Halfords Mobile Expert, Tyres on the Drive and
National) and 554 Commercial vans. Customers can also shop at halfords.com and
tredz.co.uk for pick up at their local store or direct home delivery, as well
as booking garage services online at halfords.com.

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