Technology Minerals PLC Patent for new lead paste desulphurisation process (1743H)
26 July 2023 - 4:00PM
UK Regulatory
TIDMTM1
RNS Number : 1743H
Technology Minerals PLC
26 July 2023
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.
26 July 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus receives patent pending status for new lead paste
desulphurisation process
Technology Minerals Plc (LSE: TM1), the first listed UK company
focused on creating a sustainable circular economy for battery
metals, is pleased to announce its 48.25% owned battery recycling
business, Recyclus Group Ltd ("Recyclus"), has received patent
pending status from the European Patent Office ("EPO") for its lead
paste desulphurisation process which has been developed from its
recycling facility in Tipton, West Midlands.
The receipt of the International Patent Application from the EPO
is a significant step for Recyclus in the patent processing of its
lead paste desulphurisation process, with the next stage being the
receipt of the International Search Report.
Recyclus has developed an innovative process which significantly
reduces the sulphur content in the recycled lead paste, resulting
in the production of what is termed 'alpha' paste, which when
smelted, produces lower levels of hazardous sulphur oxide (SOx) and
in turn requires lower levels of energy through the smelting
process, reducing smelting costs. In addition, Recyclus' process
assists the filtration rate during smelting, which reduces water
consumption.
Robin Brundle, Chairman of Technology Minerals, said: "We are
delighted with the results generated by our innovative new approach
to the lead paste desulphurisation process, which we have
successfully developed to deliver improvements to our end
customers, both in terms of processing costs and reduced levels of
hazardous waste gases, which ultimately supports the global push
towards NetZero. We are eagerly working towards achieving patent
status and will update the market on our progress in due
course."
Enquiries
Technology Minerals Plc
Robin Brundle, Executive Chairman c/o +44 (0) 20 4582
Alexander Stanbury, Chief Executive Officer 3500
--------------------
Oberon Investments Limited
--------------------
Nick Lovering, Adam Pollock +44 (0)20 3179 0535
--------------------
Gracechurch Group
--------------------
+44 (0) 20 4582
Harry Chathli, Alexis Gore, Rebecca Scott 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
extracting raw materials required for Li-ion batteries, whilst
solving the ecological issue of spent Li-ion batteries, by
recycling them for re-use by battery manufacturers. With the
increasing global demand for battery metals to supply
electrification, the group will explore, mine, and recycle metals
from spent batteries. Further information on Technology Minerals is
available at 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 of battery metals. Further
information on Recyclus Group is available at
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 or visit 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.
END
MSCEAPXSALNDEFA
(END) Dow Jones Newswires
July 26, 2023 02:00 ET (06:00 GMT)
Technology Minerals (LSE:TM1)
Historical Stock Chart
From Jul 2024 to Aug 2024
Technology Minerals (LSE:TM1)
Historical Stock Chart
From Aug 2023 to Aug 2024