27 March 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus
to recycle lithium-ion batteries from AA Battery
Recycling
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 begun receipt of lithium-ion ("Li-ion") batteries for recycling from AA Battery
Recycling Limited ("AA Battery Recycling"), an Approved Battery
Treatment Operator ("ABTO") specialising in the full range of
battery chemistries from household to industrial.
AA Battery Recycling will send Li-ion
batteries to Recyclus' Wolverhampton plant for processing and
recycling. Recyclus' cutting-edge facility is the only industrial
scale Li-ion battery recycling plant in the UK, able to address the
challenges associated with rising volumes of waste Li-ion batteries
created by the global shift towards electrification.
The agreement enables AA Battery
Recycling to recycle its Li-ion waste in the UK, rather than
exporting the waste materials abroad for treatment, thereby
reducing the cost and complexity of its operations, and removing
the risks associated with storing hazardous spent battery material
awaiting export on site.
Recyclus will receive gate fees for
receiving the Li-ion batteries, as well as any sales of black mass
and other recoverable materials produced from the recycling
process.
Robin Brundle, Chairman of
Technology Minerals and Director of Recyclus, said:
"The agreement
with AA Battery Recycling is a clear demonstration of the pressing
need for Recyclus' industrial scale lithium-ion battery recycling
solution. AA Battery Recycling can now process battery waste
right here in the UK, that would otherwise have been exported for
treatment. Their focus on sustainability is strongly aligned with
our own, making them an ideal partner for Recyclus, and we look
forward to building a strong relationship as we continue to scale
up operations at the Wolverhampton facility."
Anne Bishop, Commercial Director of AA
Battery Recycling, said: "We are
thrilled to partner with Recyclus, which provides a safe and
effective solution for the disposal of Li-ion batteries on an
industrial scale in the UK. As a provider of waste management
solutions to conserve resources, we are delighted to work with a UK
partner who is also committed to driving sustainability in the
battery sector."
Enquiries
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Technology
Minerals Plc
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Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582
3500
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Oberon
Investments Limited (Broker)
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 5300
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Gracechurch
Group (Financial PR)
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Harry Chathli, Alexis Gore,
Anysia Virdi
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+44 (0)20
4582 3500
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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 batteries.
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.
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
Li-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.
About AA Battery
Recycling
With over 25 years experience in the
hazardous waste and recycling industries, AA Battery Recycling
provides specialist recycling services of batteries. AA Battery
Recycling have been an Approved Battery Treatment Operator (ABTO)
and Approved Battery Exporter (ABE), since 2018. It is also an
Approved Treatment Facility (ATF) for WEEE specialising in
electrical and electronic devices containing batteries that require
dismantling. AA Battery Recycling are committed to working with
development and recycling companies such as Recyclus Group to
provide a more sustainable future, minimising our impact on both
the local and global environment. For further information please
visit, www.aabatteryrecycling.co.uk