Technology Minerals PLC Recyclus - UK Battery Strategy Taskforce
November 28 2023 - 5:14AM
RNS Non-Regulatory
TIDMTM1
Technology Minerals PLC
28 November 2023
28 November 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus - UK Battery Strategy Taskforce
Technology Minerals Plc (LSE: TM1), the UK's pioneering firm in
establishing a circular economy for battery metals, is pleased to
announce that its 48.35% owned battery recycling business, Recyclus
Group Ltd ("Recyclus"), notes the publication of the Department for
Business & Trade's UK battery strategy - which brings together
government activity to achieve a globally competitive battery
supply chain by 2030, that supports economic prosperity and the net
zero transition.
UK Battery Strategy
The strategy was developed with the UK battery strategy
taskforce, drawing on the call for evidence and engagement with
businesses and stakeholders across UK industry groups.
As a member of the taskforce, Recyclus is cited in the report
as: " The country's first and only industrial-scale recycling
facility. It is licenced to turn 22,000 tonnes of spent lithium-ion
batteries, taken from a range of sources including electric cars,
each year into black mass without using water, and has a low carbon
footprint." Link to UK Battery Strategy:
https://www.gov.uk/government/publications/uk-battery-strategy.
In summary, the government's vision is for the UK to continue to
grow a thriving battery innovation ecosystem and become a world
leader in sustainable design, manufacture, and use. The UK battery
strategy is based around a design-build-sustain approach. Through
this strategy, the UK will:
-- design and develop batteries of the future
-- strengthen the resilience of UK manufacturing supply chains
-- enable the development of a sustainable battery industry.
Robin Brundle, Chairman of Technology Minerals and Director of
Recyclus, said: "We welcome the purpose and positive direction of
the UK battery strategy and its key relevance to the future
development and investment into the UK's battery ecosystem. We
continue to work alongside the government team and taskforce
members as we all seek to build upon the UK's capabilities to build
a thriving battery supply chain to support industry sectors in the
UK."
Recyclus' first UK li-ion plant is operational and is receiving
a steady influx of li-ion battery waste from various commercial
sources for which it has already achieved up to 45% net black mass
yield. It is the first industrial scale li-ion battery recycling
plant in the UK and is permitted to process up to 22,000 tonnes of
batteries per year with the aim to process 8,300 in its first full
year of production.
Enquiries
Technology Minerals Plc
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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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,
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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