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#TM1 Technology Minerals Plc- First lead acid batteries recycled at Tipton
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 Recyclus Group Ltd (“Recyclus”), its 49% owned battery recycling business, has processed 19 tonnes of end-of-life batteries at its battery recycling plant in Tipton, West Midlands.
Highlights
· First 19 tonnes of batteries manually processed and recycled into 16.5 tonnes of lead, lead plate and other recovered materials
· Facility is licenced for manual recycling activities while awaiting Environmental Agency (“EA”) approval for automated industrial-scale processing
· Process recycles the entire battery into separate constituent parts to recover lead, acid, and plastic materials, which can then be reused in a wide range of industries
· Recyclus is in discussions with several potential buyers for the recycled materials and will update the market in due course
Recyclus plans to scale up its operations at Tipton while preparing to commence industrial-scale automated processing once it has received the final approval from the Environmental Agency.
As announced in September 2022, Recyclus received Approved Battery Treatment Operator (“ABTO”) status at the Tipton plant, granting approval to begin manual processing of lead-acid batteries at the site. 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. This enabled phase one of production to begin, with the second phase set to begin once final approval is granted by the EA.
Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to process the first batch of end-of-life batteries as Recyclus looks to ramp up its operations at the recycling plant in Tipton. Our process enables the recycling of spent batteries to recover lead, acid, and plastic materials to be repurposed back into a range of industries. We have seen strong demand for the recovered materials and look forward to securing first sales and generating cashflow at Tipton. Recyclus is in discussions with multiple parties regarding the sale of the recycled material and will update the market in due course.”
As announced on 19 October 2022, the Company signed binding Heads of Terms to acquire the remaining issued share capital of Recyclus (the “Proposed Transaction”). The Company will update shareholders as to progress made in relation to the Proposed Transaction as and when appropriate.
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 (0)20 4582 3500 |
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Oberon Investments Limited |
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Nick Lovering, Adam Pollock |
+44 (0)20 3179 0535 |
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Arden Partners Plc |
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Ruari McGirr |
+44 (0)207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Amy Stupavsky |
+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 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 atwww.technologyminerals.co.uk
Technology Minerals #TM1 – Recyclus Receives Environmental Permit at Tipton Recycling Site
Issue of permit allows for treatment and processing of lead-acid batteries on-site and is a key step towards commencement of operations
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 the Environment Agency (“EA”) has awarded its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), an environmental permit at its lead-acid battery recycling plant in Tipton, West Midlands for a hazardous waste installation, primarily involved in the treatment and processing of lead-acid batteries.
The EA permit allows for the treatment and processing of lead-acid batteries on-site and provides the critical legal foundation to complete the sub-licences that will enable operations to commence at Tipton.
The Tipton plant aims to support Recyclus’ ambition to increase the Company’s total lead-acid battery recycling production capacity from an estimated 16,000 tonnes in the first full year of production, to circa 80,000 tonnes by 2027. The Tipton plant is designed to process up to 12 tonnes an hour of lead-acid batteries and has a fully automated system.
In addition, Recyclus has successfully completed stage one of the audit process for ISO 9001, 14001 and 45001 certifications, a global standard for Quality, Environmental and Occupational Health and Safety Management Systems. Recyclus will now proceed to the final stage and, subject to successfully completing the audit process, will be certified.
Robin Brundle, Chairman of Technology Minerals, said: “The granting of the EA permit is a crucial step forward and will enable Recyclus to proceed with obtaining the required sub-licences to commence operations at the Tipton site. The team has been preparing to ensure that we are positioned to ramp up production when the site becomes fully operational. The opening of this plant at Tipton is a key milestone for us at Recyclus and our strategy to open ten plants over the next six years.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 20 7618 9100
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Arden Partners Plc |
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Ruari McGirr, George Morgan |
+44 207 614 5900 |
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Luther Pendragon |
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Harry Chathli, Alexis Gore, John Bick |
+44 20 7618 9100 |
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