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#SVML Sovereign Metals LTD – Lithium-Ion Battery Graphite Program Upscaled
KASIYA LITHIUM-ION BATTERY GRAPHITE PROGRAM SIGNIFICANTLY UPSCALED
· Bulk sampling program underway at Kasiya to extract 100 tonnes of ore to produce over 1,000kg of natural graphite for lithium-ion battery anode testwork and product qualification
· The upscaled graphite qualification program will support upcoming project studies with our strategic partner, Rio Tinto
· Sovereign and Rio Tinto have agreed to collaborate to qualify graphite from Kasiya, with a particular focus on supplying the spherical purified graphite (SPG) segment of the lithium-ion battery anode market
· Previous testwork confirmed Kasiya’s graphite to have near perfect crystallinity and high purity – both key attributes for suitability in lithium-ion battery feedstock
· Kasiya’s recent Pre-Feasibility Study (PFS) confirmed it could be one of the world’s largest natural graphite producers at 244kt per annum with the lowest cash operating costs globally at US$404/t and the lowest CO2-footprint
· As one of the largest known natural graphite deposits globally, close to existing infrastructure connecting it to global markets, Kasiya is set to become a strategic source of long term, secure supply outside of China
· This graphite qualification program coincides with news of China’s curbs on exports of natural graphite, a critical mineral for the US, EU, Japan and Australia
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) is pleased to announce that a bulk sampling program to extract over 100 tonnes of ore from Kasiya is underway. The bulk sampling program is part of the Company’s graphite bulk sample program for qualification, downstream testwork and product development. A major component to graphite sales agreements is customer qualification with graphite produced from this program to be shared with prospective end-users in addition to being used for upscaled downstream test-work.
The Company’s upscaled graphite program comes as China implements curbs on exports of natural graphite under “national security” concerns. Kasiya is one of the world’s largest natural graphite deposits outside of China and has the potential to become a key source of strategic supply to the US, UK, EU, Japan and South Korea. According to industry experts Benchmark Mineral Intelligence, China currently produces 61% of all flake graphite used in the production of lithium-ion battery anodes and accounts for 93% of all graphite anode production globally.
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State
ENQUIRIES
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Frank Eagar (South Africa/Malawi) +61(8) 9322 6322 |
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Tavistock PR |
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The recently released PFS confirmed Kasiya as a potential major critical minerals project with an extremely low CO2-footprint delivering significant long-term volumes of natural rutile (the highest-grade, purest, natural titanium feedstock) and graphite (a key component of an electric vehicle battery) while generating significant economic returns. Both titanium and natural graphite are critical to several of the world’s economies as well as crucial to decarbonisation solutions required to meet “Net-Zero” and other targets set by policymakers.
BULK SAMPLING PROGRAM
The mechanised drill program will use a custom-made 300mm diameter spiral auger to extract over 100 tonnes of material from across Kasiya’s planned future pits with sampling to a maximum 20m depth (Figure 1).
The sampling program forms part of the Company’s program for graphite qualification, downstream testwork and product development, and is designed to produce over 1,000kg each of flake graphite and natural rutile products.
The bulk sample will be processed at the Company’s laboratory in Lilongwe, Malawi. This will be achieved with the newly installed Kwatani 30-inch single and double-deck vibrating separators for sizing and de-sliming (Figure 2). The sand fraction will then be processed over the new Holman Wilfley 2000 wet shaking table to produce a graphite pre-concentrate and a separate heavy mineral concentrate (HMC) containing the rutile (Figure 3). The graphite pre-concentrate is expected to grade 4-5% Ct whilst the HMC is expected to grade ~30% contained rutile.
Figure 1. Mechanised drill with custom-made 300mm diameter spiral auger
Figure 2. Installation of the new Kwatani 30-inch single-deck and double-deck vibrating separators for sizing and de-sliming bulk samples at the Company’s Malawi laboratory and metallurgical facility
Figure 3: Holman-Wilfley 2000 Series shaking table to be installed at Sovereign’s Lilongwe laboratory in Malawi.
Final processing will then be completed at commercial metallurgical laboratories in Canada and Australia. The graphite pre-concentrate will undergo traditional flotation and polishing processes to target >96% Ct product for lithium-ion battery anode feedstock. The HMC will undergo gravity spiral cleaner stages followed by electrostatic and magnetic separation stages to produce a +95% TiO2 natural rutile products.
PLANNED DOWNSTREAM TESTWORK
The 1,000kg of flake graphite product produced will be used for downstream test-work and initial product qualification targeting the battery anode sector. Previously reported initial characterisation testwork on Kasiya’s graphite has indicated excellent suitability for use in lithium-ion batteries with very high purity and very high crystallinity being the key features.
Downstream test-work and qualification on the 1,000kg flake graphite product produced will involve the following stages to be completed at recognised international battery sector laboratories;
– Purification via an optimised HF-free reagent scheme to >99.95% Ct
– Micronisation
– Spheronisation
– Carbon coating
– Anode production
– Electrochemical characterisation
Raw flake graphite products plus final CSPG (coated spheronised graphite product) will be provided to potential offtakers for assessment and pre-qualification. Through Sovereign’s well-established experience in graphite, the Company has built a strong understanding of the product’s market and developed relationships with well-established offtakers and customers.
A major component to graphite sales agreements is customer qualification, and this is a key reason for initiating the graphite bulk sample program and scaling up in-country facilities in order to continuously produce bulk samples. The graphite produced from this program will be shared with prospective end-users and is an important next step for Sovereign to qualify the Kasiya graphite product.
Sovereign’s recent initial graphite characterisation testwork conducted by an independent German industrial minerals specialist demonstrated superior qualities and excellent suitability for its use in lithium-ion batteries. Further downstream testwork is planned that will use the graphite concentrate produced from this current bulk sampling program.
Figures 4 & 5: SEM micrograph of Kasiya graphite flotation concentrate from previous testwork
INDUSTRY DEVELOPMENTS
On 20 October 2023, Reuters reported, effective 1 December 2023, that China would require export permits for some graphite products including natural graphite and natural graphite products critical to EV production. China is the world’s top graphite producer and exporter and also refines more than 90% of the world’s graphite into the material that is used in virtually all EV battery anodes.
China’s commerce ministry said the move on graphite was “conducive to ensuring the security and stability of the global supply chain and industrial chain, and conducive to better safeguarding national security and interests”.
Competent Person Statement
The information in this announcement that relates to Production Targets, Ore Reserves, Processing, Infrastructure and Capital Operating Costs, Metallurgy (rutile and graphite) is extracted from an announcement dated 28 September 2023 entitled ‘Kasiya Pre-Feasibility Study Results’ which is available to view at www.sovereignmetals.com.au. Sovereign confirms that: a) it is not aware of any new information or data that materially affects the information included in the original announcement; b) all material assumptions and technical parameters underpinning the Production Target, and related forecast financial information derived from the Production Target included in the original announcement continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this presentation have not been materially modified from the Announcement.
Forward Looking Statement
This release may include forward-looking statements, which may be identified by words such as “expects”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions. These forward-looking statements are based on Sovereign’s expectations and beliefs concerning future events. Forward looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Sovereign, which could cause actual results to differ materially from such statements. There can be no assurance that forward-looking statements will prove to be correct. Sovereign makes no undertaking to subsequently update or revise the forward-looking statements made in this release, to reflect the circumstances or events after the date of that release.
Technology Minerals Plc #TM1 – EA Approves Lithium-ion Battery Recycling Plant
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”) to commence full operations at its lithium-ion (“Li-ion”) battery recycling plant in Wolverhampton, West Midlands. Recyclus has also been awarded Approved Battery Treatment Operator (“ABTO”) status by the EA, allowing it to commence recycling operations immediately, with on-site treatment and processing of spent Li-ion batteries.
The EA permit allows Recyclus a daily storage limit of 140 m3 (c.100 tonnes) and to process up to 22,000 tonnes of Li-ion batteries per annum. It is expected that 8,300 tonnes will be processed in the first year, utilising a single shift pattern of labour during the standard working week. Applications for licence variations to operate additional shifts will be considered in due course as will the potential to increase processing capability.
The approval from the EA for the Wolverhampton plant is a major milestone for Recyclus, making it the first industrial scale plant in the UK with the capability to recycle Li-ion batteries. Operations will commence on completion of the fire prevention systems installation which is expected shortly. This will be followed immediately by a plant commissioning phase, which is expected to commence in June this year.
Following commencement of operations, Recyclus anticipates the receipt of gate fees for collection and storage of Li-ion batteries, and from the sale of black mass, produced from the recycling process. Black mass contains critical battery metals that can be sold back into the battery supply chain.
Recyclus owns the IP for both the process and the plant which is designed to process most Li-ion battery types. Recyclus will manufacture all plants, including those designed specifically for OEM clients, here in the UK. Recyclus’s aim is to increase the UK processing capability to c.50,000 tonnes per annum through the construction of five more Li-ion recycling plants.
BIS Research latest study, Black Mass Recycling Market – A Global and Regional Analysis, states the global black mass recycling market, valued at $9.22bn in 2022, is projected to reach $53 bn by 2031.
Robin Brundle, Chairman of Technology Minerals, said: “We are pleased to announce that we have received final EA approval to commence full automated operations at our Li-ion battery recycling plant in Wolverhampton. This is a significant moment for the Company and the UK. The Wolverhampton plant has become the first facility in the UK with the capability to recycle Li-ion batteries on an industrial scale.
“Given the global shift towards electrification and the growing demand for Li-ion batteries, we believe we have a compelling first mover advantage in this burgeoning market. Our aim is to establish enduring partnerships with businesses and organisations, both in the UK and internationally, offering them an environmentally friendly solution for their end-of-life batteries. With feedstock stored and ready to be processed, everything is in place to ramp up operations at the facility and start generating revenues.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
c/o +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 |
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 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. As with the increasing global demand for battery metals to supply electrification increases, 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 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 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
#ECR ECR Minerals PLC – ECR Adding Significant Gold and Battery Metals to Its Portfolio
Today Andrew Haythorpe talks to Thomas Warner at Proactive about the ECR Minerals Plc (AIM: ECR) #ECR asset portfolio, covering the company’s Queensland assets at Lolworth and Blue Mountain plus the ongoing work at Creswick. They discuss the options package and the portfolio opportunities for gold and battery metals.
ECR Minerals PLC adding significant gold and battery metals opportunity to its portfolio – YouTube
#TM1 Technology Minerals PLC – Innovate UK awards £1.96m for recycling system
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that its 48.25% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), in collaboration with the University of Birmingham (“UoB”), has been awarded funding of £1.96m from the UK Government’s Innovate UK, to create a mobile battery recycling system capable of safely handling any type of lithium-ion (“Li-ion”) battery.
Recyclus will lead the project and design and build a compact prototype Universal Battery Recycling System (“UBRS”), a mobile recycling truck that handles a complete range of Li-ion battery modules from all areas of industry. The main unit will be designed to accept batteries on an individual or batch-load basis and will implement a new industry standard that can benefit the UK and global recycling sectors. The Advanced Materials & Processing Laboratory (“AMPLab”) at the UoB will support the project providing leading edge 3D printing techniques, incorporating additive manufacturing for the required cutting tools.
The innovative recycling trucks will be based on Recyclus’ existing technology for industrial-scale Li-ion battery recycling, capable of safely dealing with the 5+ types of Li-ion battery chemistry, in any combination. Recyclus plans to operate the recycling trucks with three size options ranging from 7.5 to 16 tonnes which will be capable of processing between 500 and 2,000 kilogrammes per hour of Li-ion batteries.
The aim is to develop a consistent battery recycling channel which creates safe and environmentally friendly recycling of Li-ion batteries across the UK. The whole system will be completely sealed, emission free, with a gated infeed chamber and a series of sealed outfeed chutes which feeds separated materials into collection containers. The system will reduce Li-ion batteries to five recyclable products:
· Black mass, which contains lithium, manganese, cobalt and nickel
· Electrolyte
· Ferrous (steel)
· Non-ferrous (aluminium & copper)
· Light mixed fraction (plastic, rubber & paper)
According to analysis from McKinsey & Company, ‘Battery 2030: Resilient, sustainable, and circular’, global demand for Li-ion batteries could grow 30 per cent annually from 700 GWh in 2022 to around 4,700 GWh by 2030.
Kate Jermey, Business Engagement Manager (KTP) at the University of Birmingham, said: “This project will enable Recyclus Group and The University of Birmingham to respond to the current challenges around battery recycling infrastructure, and provide a viable and desperately needed solution to the issue of waste batteries, through the usage of Industry 4.0/ Additive Manufacturing Solutions to speed up systems design and deployment.”
Robin Brundle, Chairman of Technology Minerals, said: “Securing this grant from Innovate UK is a strong endorsement for Recyclus and we look forward to working with the University of Birmingham on this programme which could be the catalyst for future collaboration.
“The rapid development of consumer goods such as vapes, handhelds, e-Bikes and the general transition to electric transport is already causing serious environmental issues. The build-up of end-of-life Li-ion batteries over the coming years will create a battery waste tsunami that we need to prepare for by investing in the capabilities and capacity for large-scale battery recycling.
“The Recyclus mobile unit takes the recycling solution to the problem and will provide a reliable, cost-effective and automated process for safe and environmentally friendly recycling of Li-ion batteries across the UK. This will accelerate the recovery of the critical raw materials essential to the transition to electrification and significantly reduce the use of landfill. This innovative mobile battery recycling system will implement a new industry standard that can benefit not just the UK, but around the world.”
Innovate UK
Innovate UK, the UK’s innovation agency, drives productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. It funds business and research collaborations to accelerate innovation and drive business investment into R&D. Its support is available to businesses across all economic sectors, value chains and UK regions. They help businesses grow through the development and commercialisation of new products, processes, and services.
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
c/o +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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Tim Dainton, Louisa Waddell |
+44 (0)20 3829 5000 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Rebecca Scott |
+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 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
#TM1 Technology Minerals Plc – Certification of ISO Standards
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 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has been certified as compliant with ISO standards for Quality Management (ISO 9001), Environmental Management (ISO 14001) and Health & Safety Management (ISO 45001).
The International Organization for Standardization (“ISO”) is one of the world’s leading standards-settings bodies. The Organization develops standards to ensure the quality, safety and efficiency of products, services and systems; those standards are recognised globally as the benchmark for operational excellence among leading manufacturing companies.
ISO 9001
ISO 9001 sets out the criteria for an organisation’s quality management system (QMS) and is based on foundational quality management principles, including a strong customer focus, the engagement and responsibility of senior management, process orientation and continual improvement. Recyclus demonstrates this through its procedures and processes and receipt of ISO 9001 is confirmation that customers will receive high-quality products and services.
ISO 14001
To achieve the ISO 14001 certification, defined as an environmental management system (EMS), Recyclus had to successfully demonstrate its systematic framework to ensure the immediate and long-term environmental impacts of the Company’s products and activities are measured, managed, and minimised. This certification demonstrates that Recyclus is committed to its environmental obligations and that its operations generate the lowest possible environmental impact.
ISO 45001
ISO 45001 is the world’s international standard for occupational health and safety and seeks to manage and minimise any health and safety risks associated with Recyclus operations for all stakeholders. Implemented alongside regional, national and industry-specific rules regarding workplace safety, ISO 45001 standards will help Recyclus formalise procedures to proactively improve health and safety performance, provide a safe and healthy workplace and further reduce any risk of causing irreparable harm to personnel or the business as a whole.
Recyclus are committed to creating a circular economy for battery recycling across multiple licensed plants, and these certifications are evidence of the company’s efforts to providing that. It demonstrates the growth of creating a system that is environmentally responsible, which will be upheld through its future developments.
Robin Brundle, Chairman of Technology Minerals, said: “We are delighted to have achieved ISO 9001, ISO 14001 and ISO 45001, which positions Recyclus as an industrial scale, environmentally friendly certified recycling facility for spent battery metals. These certification opens up Recyclus’ business to many companies and organisations who demand these standards from their supply chain.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
c/o +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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Tim, Dainton, Louisa Waddell |
+44 (0)20 3829 5000 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, William Dobinson |
+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 at www.technologyminerals.co.uk
#TM1 Technology Minerals Plc – Update on EA Licence for Wolverhampton Plant
Technology Minerals Plc
(“Technology Minerals” or the “Company”)
Update on EA Licence for Wolverhampton Lithium-ion Battery Recycling Plant
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 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has been provided with a Schedule 5 Notice by the Environment Agency (“EA”) for its variation of environmental licence application for its Lithium-ion recycling plant in Wolverhampton, West Midlands.
The Schedule 5 Notice is the final stage before a licence is determined which if successful will enable the plant to commence recycling operations. Under paragraph 4 of Part 1 of Schedule 5 of The Environmental Permitting (England & Wales) Regulations 2016, the EA has asked Recyclus to provide clarification regarding its fire/disaster planning and minor questions around the processes of the plant. The company is in the process of responding to the information requested, after which it expects the licence determination to be received shortly thereafter.
Once the site is fully operational, the Wolverhampton plant will be the first in the UK with the capacity to recycle lithium-ion batteries on an industrial scale and will be a key foundation of Recyclus’ ambition to increase its lithium-ion battery recycling capacity from an estimated 8,300 tonnes in the first full year of operations, to circa 41,500 tonnes by 2027.
Robin Brundle, Chairman of Technology Minerals, said: “We are pleased to have received the Schedule 5 from the EA, as it gives us a clear indication that the process of grant of licence is in its final stages. Upon receipt of the licence, for the first time, the UK will have an industrial scale recycling capability for lithium-ion batteries. Over the past few months, interest in our plant has increased significantly and we are in advanced discussions with companies and organisations from UK and across the globe. We look forward to progressing these once we have received the licence.”
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
c/o +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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Tim Dainton, Louisa Waddell |
+44 (0)207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, William Dobinson |
+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 at www.technologyminerals.co.uk
#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
#TEK Tekcapital Plc – Guident Update
Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to present the technology update for Guident Corp, the US based subsidiary of Guident Ltd.
As part of our enhanced investor relations communications, we intend to release a series of newsletters focused on the technology of each portfolio company. We believe most shareholders understand the value proposition behind the product of each portfolio company, however the product roadmap has been progressing rapidly and we think it’s helpful to Keep everyone up to date on key developments.
Our initial discussion will cover Guident’s unique technology offerings:
1. Vehicle Remote Monitoring and Control Centre (RMCC)
Guident’s teleoperations solutions consist of two main components. A small footprint communications device and the RMCC (remote monitoring and control centre) software solution.
The communications device connects to several miniature high-definition video cameras and includes connectivity to both public (4G & 5G) wireless and private Long Term Evolution (LTE) networks.
The RMCC consists of a cloud-based software solution connected to the Autonomous Vehicle (AV) fleets and to Guident’s RMCC. Guident’s solution is AV agnostic and can interact with any vehicle’s drive-by-wire system via ROS (robot operating system) or Application Programming Interface (API) integration.
The remote-control centre consists of multiple RCO (remote-control operator) stations equipped with vehicle controls including steering wheel, accelerator, and stop pedals as well as high-definition curved monitor displays. Large dashboard video wall-type displays provide real-time status of the AV fleets being controlled. RCOs continuously monitor their assigned AV fleet which is displayed with green labels, except when the AV encounters an edge case, at which point it stops and requests human assistance while changing its label from green to red. At that point, the RCO through the HD video cameras gains situational awareness to inspect the specific edge case. The RCO then takes control of the vehicle and remotely drives it around the obstruction or situation, and then returns control to the AV system to continue its mission path, at this point the vehicle is displayed with a green label.
Besides the green and red IRL (incident risk levels), Guident provides a yellow label through its patented Artificial Intelligence-based IRL predictive module. This module interacts with multiple data sources to analyze and predict the situations that may possibly disrupt the AV mission path. Data sources include vehicle sensor data, AV performance analysis, scene understanding, real-time traffic, work zone, weather, and other information. The assigned RCO is able to focus on the yellow IRL-level vehicles to attempt to anticipate the situation that may interrupt the mission path and turn the AV IRL to green status.
Current autonomy trends and concerns, and why this technology is needed.
The current state of technology in the automotive industry is experiencing a shift to driverless vehicles. For this reason, automated supervision or safety driver roles will be critical for decades to come for all levels of automation before reaching full autonomy SAE level 5.
We believe human supervised RMCC services enhances the safety and provides redundancy whilst implementing remote driverless solutions for various field use cases, including military applications.
Infrastructure requirements for implementation (e.g., hardware, software, facilities and network connections
There are three (3) components required for human supervised RMCC services for driverless or autonomous vehicles:
1. RMCC – Remote Monitor and Control Centre
· Remote-control operator stations include vehicle controls (steering wheel, pedals, other vehicle functions, etc.)
· Control centre monitoring display dashboards.
2. In-vehicle equipment
· For vehicle location, a GPS device in autonomous vehicles, with RTK capabilities for precise location.
· For remote teleoperation:
GUIDENT RMCC communication in-vehicle equipment.
Public/Private/Military mobile 5G/4G/LTE wireless network.
3. Cloud service – private or private software telecom services, including AWS, Azure, Google, etc.
Benefits
The main benefits of human-supervised remote monitoring and control of driverless and autonomous vehicles include providing an additional layer of safety via remote operations to address edge cases and protection of humans from dangerous or unforeseen activities including but not limited to:
· deadlock situations
· navigation errors
· accidents
· allowing vehicle passengers to ask for information or assistance.
Based on ongoing conversations with potential customers, the company identified more potential applications including:
· remote operation of material handling (teleoperation services of remote forklifts and other material handling equipment for warehouses)
· remote operation of agricultural equipment
· remote operation of mining equipment
· remote operation of unmanned vehicles for military
The solution also creates cost savings achieved by proactive and predictive vehicle maintenance and support.
Guident is uniquely positioned to provide its teleoperation software stack protected by an intellectual property portfolio that includes seven (7) teleoperation-specific patents (5 granted & 2 pending) and copywritten software code for what we believe to be amongst the lowest glass-to-glass latency in the industry. In addition, we believe that Guident is the leading US-based teleoperation software solution providers that delivers a unique approach to teleoperations with its proprietary custom prediction module based on vehicle telemetry and field conditions data.
The business case for Guident has never been stronger and it includes following data points:
– low latency connectivity and teleoperation is necessary for safer and cost-effective adoption of AVs. Guident’s methods and systems will help increase safety and help bridge the gap from Level 3 to Level 5 autonomy.
– RMCC is fast becoming a legal requirement in numerous states in the US and other countries
See demonstration here: https://www.youtube.com/watch?v=ZRTgMRvv6wQ
2. Regenerative Shock Absorbers (RSA)
RSA continuously recover the vehicle’s vibration energy that is otherwise dissipated as heat and friction. RSA’s convert the wasted heat energy into power, generating additional energy for recharging the vehicle battery to extend the vehicle’s range, or to provide energy to power other vehicle components. Anticipated benefits include:
– Enhanced Sustainability for all vehicles in the fleet, including traditionally powered Internal Combustion Engine, hybrid and electric vehicles
– Increased Energy Harvesting Efficiency by approximately 70% compared to current energy-harvesting shock absorbers
– Increase range of EVs by up to 6-12 miles per charge
– It can be tuned to match existing shock absorber damping characteristics and form factors
Recently the company evaluated a series of real-world RSA use conditions in their testing laboratory in Boca Raton, Florida. With precise force and displacement measurements, they are seeking to rigorously evaluate and quantify the advantages of their proprietary energy-harvesting shock absorbers over traditional oil-filled shock absorbers.
Watch more here: https://www.youtube.com/watch?v=oc21clEuJbM
For further information, please contact:
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Tekcapital Plc |
Via Flagstaff |
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Clifford M. Gross, Ph.D. |
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) |
+44 (0) 20 3470 0470 |
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Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
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Flagstaff Strategic and Investor Communications |
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+44 (0) 20 7129 1474 |
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Tim Thompson/Andrea Seymour/Fergus Mellon |
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About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
#TM1 Technology Minerals plc – Exploration update on the Leinster project
First work programme confirms high-grade lithium (2.95% Li2O) in spodumene pegmatite float on newly awarded exploration licence in Ireland
Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce the results of the first work programme on new Prospecting Licence Area (PLA 1597) in County Wexford, Republic of Ireland, has yielded high-grade spodumene pegmatite samples in float ranging up to 2.95% Li2O.
The licence, which was awarded to Technology Minerals’ wholly owned subsidiary, LRH Resources Limited (“LRH”) on 22 March 2022, will form part of the Company’s Leinster Property exploration block, which is operated under an exclusive Option and Earn-in agreement with Global Battery Metals Ltd (“GBML”), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ) with no project expenditure required by the Company.
Highlights
· The Company has been issued a new licence PLA 1597 by the GeoScience Regulation Office of the Department for the Environment, Climate and Communications of Ireland to add to the 15 licences already held bringing the total area of tenure to 526km2.
· Preliminary ground truthing and prospecting on PLA 1597 at two localities Knockeen and Carriglead have yielded high-grade spodumene pegmatite samples in float ranging up to 2.95% Li2O.
· Work programme due to commence to include detailed mapping, prospecting and deep overburden sampling at the Knockeen and Carriglead targets.
· Five previously identified target areas on the northern block are also to be targeted with follow up prospecting and sampling.
· Field exploration programmes to commence in October 2022 with a view to identifying specific areas for follow up drilling.
New licence PLA 1597 and initial prospecting results
PLA 1597 was identified as prospective for lithium pegmatite potential by the Company’s exploration consultants, Aurum Exploration Services (“Aurum”), following detailed desktop studies which outlined two proximal areas of spodumene-bearing pegmatite, reported by previous operators in the mid 1970s as part of their exploration programmes. The lithium pegmatite boulder trains at Knockeen and Carriglead are separated by a north-south valley and form an initial area of interest covering approximately 2km east-west and 1km north-south. An historical exploration map and report also described a trench excavated at Knockeen as having uncovered a 1.8m wide bedrock spodumene-bearing pegmatite vein. However, no detailed laboratory assays or geological maps of the trench were reported at that time.
LRH completed an initial one day reconnaissance site visit to the Knockeen – Carriglead prospects, with Aurum geologists visually confirming the presence of spodumene in float and collecting six samples which were submitted for analysis to ALS Laboratories, Loughrea, Co. Galway, Ireland and which returned values between 0.70% Li2O to 2.95% Li2O (Table 1).
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Sample ID |
Licence |
Prospect |
Li ppm |
Li2O %* |
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210724CL02 |
PL 1597 |
Knockeen |
3240 |
0.70 |
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210724CL03 |
PL 1597 |
Knockeen |
11200 |
2.41 |
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210724CL04 |
PL 1597 |
Knockeen |
11000 |
2.37 |
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210724CL05 |
PL 1597 |
Knockeen |
13700 |
2.95 |
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AES61137 |
PL 1597 |
Carriglead |
3550 |
0.76 |
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AES61138 |
PL 1597 |
Carriglead |
7470 |
1.61 |
Table 1: Results from prospecting at Knockeen and Carriglead Prospects PL 1597
*Li2O % = Li ppm % (x 2.153)
Dry stone field walls in the immediate vicinity of the historical Knockeen trench revealed abundant, spodumene-rich pegmatite float, with three of the four samples collected returning values of between 2.37% Li2O and 2.95% Li2O (Figure 1 & Photo 1).
Photo 1: Map showing spodumene pegmatite samples from Knockeen and Carriglead
A & B Spodumene pegmatite field samples Knockeen, C Spodumene pegmatite Knockeen Sample 210724CL05 (Li2O = 2.95% Li2O), D Spodumene pegmatite Carriglead Sample AES61138 (Li2O = 1.61% Li2O)
Further detailed exploration work on PLA 1597 by LRH, funded by its partner, GBML, has been agreed and is expected to commence in late October 2022, in the form of prospecting, mapping and deep overburden sampling surveys, which are aimed at defining targets for drilling.
The Leinster Property
The Leinster Property, located in the counties of Wicklow, Dublin and Wexford is focused on the exploration for lithium mineralisation within spodumene-bearing pegmatites. The Property consists of 15 prospecting licences, termed ‘the North-west Leinster Block’, which cover a total area of approximately 477km2, and a new Prospecting Licence Area (“PLA”), PLA 1597 48.32km2, in County Wexford which was awarded on 22 March 2022. All of the Property prospecting licences were granted to LRH.
The Property lies along a 135km long regional structural trend of known lithium-bearing pegmatites, along the south-eastern margin of the Leinster Massif, centred on the Aclare and Moylisha occurrences, which were discovered during 1960s and 1970s and are currently being explored under the Ganfeng – International Lithium joint venture.
In addition to the work on PLA 1597, five target areas on the North Leinster Block (Figure 2) will be followed-up, with detailed prospecting work by Aurum during Q4 2022. Exploration on these areas to-date has identified lithium-rich aplite and spodumene pegmatite float boulders within broader zones of Geological Survey of Ireland lithium anomalism in drainage stream sediment samples. This work has been previously reported by LRH and a summary of the prospecting is presented below:
1. Aghavannagh (1.78% Li2O equivalent in large angular blocks of spodumene-beating pegmatite float);
2. Sorrel (1.6% Li2O equivalent in spodumene-beating pegmatite float);
3. Tonygarrow (1.0% Li2O equivalent in spodumene-beating pegmatite float);
4. Scurlocks (0.65% Li2O equivalent in aplite float);
5. Knocknaboley (anomalous lithium, 820 ppm Lithium in aplite float).
As part of an on-going workflow, the Company continues to identify, fully assess and apply for new prospective areas for spodumene-pegmatite exploration opportunities along the district-scale Irish lithium pegmatite belt.
Figure 1: Map showing location of prospecting samples at Knockeen and Carriglead
Figure 2: Target map showing location of Northern Block and PL 1597
Alex Stanbury, CEO of Technology Minerals, said: “We are very pleased by the results of our first work programme at the Leinster Property which has confirmed the presence of high-grade lithium in spodumene-pegmatites and further strengthens our confidence in the potential of our prospects in the Irish pegmatite belt. Exploration programmes are expected to commence later this month to identify specific areas for follow up drilling and we are continuing to add to our portfolio of projects in Ireland with new applications focused on lithium exploration, a critical mineral needed to power the transition to a carbon neutral economy.”
Competent Person
All scientific and technical information in this announcement has been prepared under the supervision of EuroGeol Vaughan Williams M.Sc. P.Geo (a Principal of Aurum Exploration Services who currently provides exploration services to TM and to LRH), and a “qualified person” within the meaning of National Instrument 43-101. Vaughan Williams is also company secretary of LRH and a Director of the LRH Spanish subsidiary Asturmet Recursos S.L.
Enquiries
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Technology Minerals Plc |
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Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer |
+44 20 4582 3500 |
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Global Battery Metals Ltd. |
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Michael Murphy BA, MBA, MSc., ICD, President & CEO |
+1 604-649-2350 |
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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, George Morgan |
+44 (0)207 614 5900 |
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Gracechurch Group |
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Harry Chathli, Alexis Gore, Amy Stupavsky |
+44 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 at www.technologyminerals.co.uk
#TM1 Technology Minerals – Recyclus Approved to Recycle Batteries at Tipton
HIGHLIGHTS
· 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
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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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Gracechurch Group |
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Harry Chathli, Amy Stupavsky, Alexis Gore |
+44 (0)203 488 7510 |
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