Technology Minerals PLC EA Approves Lead Acid Battery Recycling Plant (5919Q)
October 19 2023 - 1:00AM
UK Regulatory
TIDMTM1
RNS Number : 5919Q
Technology Minerals PLC
19 October 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
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now considered to be in the public domain.
19 October 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
EA Issues Final Approval for Lead Acid Battery Recycling
Plant
Recyclus' Tipton facility ready to commence fully automated
operations this month
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 48.25% owned battery
recycling business, Recyclus Group Ltd ("Recyclus"), has received
final clearance from the Environment Agency ("EA") for the
variation licence to commence full automated operations at its lead
acid battery recycling plant in Tipton, West Midlands.
The EA permit allows Recyclus to enter the commissioning phase
at the plant, gradually increasing the monthly volumes being
processed over a period of approximately four months.
This final EA licence is a significant milestone as it
represents the last required licence for the company at both its
Wolverhampton and Tipton plants, allowing full automated
operations, and paving the way for eight additional plants Recyclus
plans to build in the coming years.
The Tipton plant is the first among Recyclus' planned five lead
acid plants to be located in the UK. The facility has the capacity
to recycle up to 15,000 tonnes of lead acid materials during the
first full year of operations. Over the coming years, Recyclus are
committed to scaling up its efforts, with a target of processing a
cumulative total of 80,000 tonnes across the subsequent four lead
acid plants.
Robin Brundle, Chairman of Technology Minerals, said: "We are
delighted to announce that Recyclus has received final approval
from the Environment Agency to initiate full automated operations
at its lead acid recycling facility in Tipton. This is a
significant milestone for Recyclus and represents the first of five
lead acid battery recycling facilities the company aims to
establish in the UK."
Enquiries
Technology Minerals Plc
Robin Brundle, Executive Chairman c/o +44 (0) 20 4582 3500
Alexander Stanbury, Chief Executive
Officer
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Oberon Investments Limited
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Nick Lovering, Adam Pollock +44 (0)20 3179 0535
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Gracechurch Group
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Harry Chathli, Alexis Gore, Rebecca
Scott +44 (0) 20 4582 3500
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Technology Minerals Plc
Technology Minerals is developing the UK's first listed company,
providing a 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
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
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