REG - Technology Minerals - Response to incident at Recyclus Group facility

Technology MineralsAnnouncement

02/10/2024 08:45

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RNS Number : 6380G  Technology Minerals PLC  02 October 2024

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
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now considered to be in the public domain.

 

2 October 2024

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Response to incident at Recyclus Group facility

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on
creating a sustainable circular economy for battery metals, provides an update
on an incident at its 48.35% owned battery recycling business, Recyclus Group
Ltd ("Recyclus").

 

At 12.08am on 2 October 2024, there was an isolated fire at Recyclus' LiBatt
plant in Wolverhampton. Fire engines arrived promptly on the scene and the
fire was quickly contained. The company's fire safety management protocols
worked successfully as confirmed by the emergency services and the plant will
reopen today after consultation with all the appropriate agencies.

 

The fire broke out in a goods inward building and was contained within one of
seven bays which is used to store batteries prior to processing, and is
separate to the recycling plant. There was no damage to the other six bays. No
one was hurt and no other buildings or plant were affected. The burnt material
will be processed through Recyclus' system so that no materials are wasted or
sent to landfill.

 

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, 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.

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