Recyclus Approved to Recycle Batteries at Tipton

RNS Number : 1900Y

Technology Minerals PLC

05 September 2022

 

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. 

5 September 2022

Technology Minerals Plc  

("Technology Minerals" or the "Company")  

Recyclus Receives Approval to Recycle Batteries at Tipton Recycling Plant

· Approval allows for immediate commencement of on site manual lead-acid battery recycling processes in Tipton

· Approved Battery Treatment Operator (ABTO) status authorises Recyclus to produce up to 15,000 metric tonnes (MT) of lead per year from the recycling of lead-acid batteries

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that Recyclus Group Ltd ("Recyclus"), its 49%-owned battery recycling business, has received ABTO status from the Environmental Agency for its recycling site in Tipton, West Midlands. The approval means that Recyclus can immediately commence manual recycling operations at its lead-acid facility.

Under ABTO status, Recyclus is authorised to produce up to 15,000MT per annum of lead and store up to 300MT of inbound stock at any one time on site . The new authorisation marks the beginning of phase one of the recycling operations, which will move to a fully automated recycling process in phase two later this year following receipt of the variation of licence. The Recyclus system recycles the entire battery into separate constituent parts, to ensure recovery of lead, acid, and plastic materials, which are then reused to support a wide range of industries. For example, the hard lead can be used in grids and terminals, the soft lead for battery paste, and the sulphuric acid into fertilisers for agricultural use.

Robin Brundle, Chairman of Technology Minerals, said: "We are delighted to have our ABTO status confirmed by the Environmental Agency, so we can kick-start recycling operations, close deals in the pipeline, and start generating revenues from this site. Once fully operational, the Tipton plant positions us to become one of the leading accredited battery recyclers internationally.

"The lead-acid battery recycling industry is currently a major polluter, with over 18,000 tonnes of spent batteries incinerated or sent to landfill each year in the UK alone. It is vital that companies look to strip back 'greenwashing' and promote homegrown waste management solutions if the UK is to achieve its COP26 net zero targets.

"Our operations will help to divert waste from landfill, enabling key resources to be kept in use for longer, minimising waste and reducing the environmental impacts of spent batteries. These efforts underscore our commitment to developing a truly circular economy for battery metals that will help propel the green transition and meet the net zero 2050 targets. We look forward to reporting on our progress in the coming weeks and months."

Enquiries

Technology Minerals Plc
Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer	[phone]
Arden Partners Plc
Ruari McGirr, George Morgan	[phone]
Gracechurch Group
Harry Chathli, Amy Stupavsky, Alexis Gore	[phone]

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 substantially increase . 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, 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    

 

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