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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

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 (0)20 4582 3500

Oberon Investments Limited

Nick Lovering, Adam Pollock

+44 (0)20 3179 0535

Arden Partners Plc

Ruari McGirr

+44 (0)207 614 5900

Gracechurch Group

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   

ASOS #ASC, ECR Minerals #ECR, Technology Minerals #TM1, UK inflation, and Battery Metals with Alan Green – UK Investor Magazine podcast

investorAlan Green joins the UK Investor Magazine Podcast for our weekly instalment of markets and UK equities.

Today, we focus on:

  • ASOS (LON:ASC)
  • ECR Minerals (LON:ECR)
  • Technology Minerals (LON:TM1)

We start by looking at the UK’s 10.1% inflation reading and what it could mean for the FTSE 100 in the short term. The FTSE 100 is trading in a tight range and we look at the potential scenarios that could lead to a breakout.

ASOS shares rose after realising final results but the performance may not be as positive as today’s share price movement suggests. The company is struggling as the cost of living crisis takes hold and have had to seek credit lines.

ECR Minerals updated the market on their progress at the Creswick Project having drill a number of holes finding gold grade up to 0.7m @ 47.75 g/t Au.

Technology Minerals is driving forward with their plans to create a circular economy in battery metals with the proposed acquisition of Recyclus.

ASOS, UK inflation, and Battery Metals with Alan Green

 

Technology Minerals #TM1 – Recyclus – Proposed Acquisition

Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, is pleased to announce that it has signed binding Heads of Terms (“HoTs”) to acquire the remaining issued share capital of Recyclus Group Limited (“Recyclus”) for new shares in the Company (the “Proposed Transaction”). The Company currently holds 48.35% of the issued share capital of Recyclus.

Subject to the completion of due diligence, which is imminent, the Proposed Transaction will be satisfied by the allotment and issue to the shareholders of Recyclus on completion of 921,544,596 new ordinary shares of £0.001 each in the capital of the Company (“Consideration Shares”). For this purpose, the value of each Consideration Share will be 4.32 pence. The Consideration Shares will be allotted to the Sellers in proportion to their respective holdings of Recyclus shares.  Post-acquisition, Recyclus will be accounted for on a consolidated basis.

Overview

· Recyclus is the UK’s first industrial-scale lithium-ion (“Li-ion”) battery recycler leveraging sustainable, next generation, recycling technologies.

· Recyclus is well positioned to take advantage of the growing demand for Li-ion and lead-acid batteries through retrieval, recycling, and repurposing of used batteries.

· The combination of the two businesses offers a differentiated, IP protected exposure to battery processing, aligning the enlarged business with the energy transition taking place and the circular economy.

· The primary revenue stream is expected to be direct sales of recovered materials, driving a cashflow and value chain lock-in to support leadership positioning. Other revenue generating opportunities include finite material extraction and battery reuse.

· The Directors believe there is an estimated US$6bn opportunity from lithium battery recoverable materials by 2030, and US$45bn second-life battery applications market.

· Recyclus plans to open ten battery recycling plants, five Li-ion and five lead-acid, over the next six years, with the first two expected to open in the UK once final EA approval comes through.

· Recyclus’ first Li-ion recycling plant is located in Wolverhampton, West Midlands, and is capable of recycling 8,300 tonnes of Li-ion per year. Using UK manufactured technology and physical separation processes, Recyclus is able to accept the five key lithium-ion chemistries, for recycling and processing into ‘black mass’.

· The first lead-acid plant, located in Tipton, West Midlands, is capable of recycling 16,000 tonnes in the first full year of production. The Environment Agency has awarded Recyclus an environmental permit at the Tipton plant, allowing for on-site treatment and processing of lead-acid batteries, providing the critical legal foundation to complete the sub-licences and enable full scale automated operations to commence.

· In addition, Recyclus recently received a UN-standard certification for its industry-leading Halo battery boxes for the transportation of Li-ion batteries, opening a new revenue stream in domestic and international markets.

· The Proposed Transaction, if completed, will result in the shareholders of Recyclus having a significant minority interest in the enlarged group.

Recyclus summary of operations and rationale for the Proposed Transaction

Recyclus provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus’ 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 Li-ion and lead-acid batteries and is a significant contributor towards the circular economy of battery metals.

 The acquisition strengthens Technology Minerals’ balance sheet and provides early cashflow from recycling operations controlled by Technology Minerals.

 Recyclus has developed a proprietary Li-ion battery processing plant and has a patent application in progress for de-sulphurising lead paste.

 With battery recycling expertise ahead of competitors which provides Technology Minerals with first mover advantage in the UK.

 Positions Technology Minerals to expand recycling operations in Europe and the USA.

Recyclus Group Structure

Recyclus Group Limited

Recyclus is focusing on the delivery of national end-to-end recycling of Li-ion and lead-acid batteries, to drive the move towards electrification, and more environmentally friendly consumption. Recyclus has two subsidiaries, Libatt Recycling Ltd and Halo Battery Recycling Ltd.

Libatt Recycling Ltd

LiBatt, a Recyclus group company, is the UK’s first industrial-scale Li-ion battery recycler. LiBatt’s ambition is to support the circular economy, increase efficiencies, and reduce the carbon footprint within the Li-ion battery industry.

Halo Battery Recycling Ltd

Halo, a Recyclus group company, is committed to increasing efficiencies within the lead-acid recycling industry, to enable resources to be kept in use for longer to minimise waste and reduce environmental impacts of spent batteries. As part of the Recyclus group service, Halo manufacture cutting-edge, ADR compliant storage and transportation boxes for the safe and secure movement of hazardous spent Li-ion batteries.

James Cable, Chief Financial Officer of Technology Minerals, said: “The acquisition of Recyclus marks an important strategic move for the business with the potential to deliver significant shareholder value to both sets of shareholders. The combination of the two businesses offers a differentiated, IP protected exposure to battery processing, aligning the enlarged business with the energy transition taking place and the circular economy. Our plan is to expand its commercial footprint in the UK and also the EU and US markets where we see the prospect for growth in line with the exponential growth in the electric vehicle markets and other battery-based sectors.

We are excited by the opportunity to acquire Recyclus, taking a significant step in the next stage of Technology Minerals’ development and its circular economy strategy for battery metals. Our confidence in Recyclus is clear from our 48.35% stake in the business and this transaction is a logical progression that aligns perfectly with our twin-track strategy to create a circular economy for battery metals through both the raw material supply, and the reprocessing and re-use of end-of-life batteries.

We believe the industrial scale opportunity for Recyclus is immense as the world transitions from fossil fuels to electrification. Recyclus aims to become a leading player in the recycling of Li-ion and lead-acid batteries to help overcome a critical lack of domestic industrial scale recycling. The business is well placed to ramp up its growth with cutting-edge technology, a first mover advantage, and two plants ready to come online when final approval from the Environment Agency comes through, with eight more planned over the next six years to meet the bourgeoning demand.”

Further details on the Proposed Transaction

The Company and Recyclus have agreed to proceed as quickly as possible with the Proposed Transaction and to negotiate in good faith with a view to signing and exchanging a detailed and legally binding share purchase agreement incorporating all the terms of the Proposed Transaction as soon as practicable.

Upon completion, a listing application will be made for the 921,544,596 Consideration Shares, which will rank pari passu in all respects with the existing ordinary shares of the Company, to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc (“Listing”). Upon Listing, the total number of issued shares and the total number of voting rights in the Company will be 2,192,968,189.

Expected Timetable and Conditions

The Proposed Transaction is subject, inter alia, to the completion of due diligence, documentation and compliance with all regulatory requirements, including the Listing and Prospectus Rules (the “Conditions”). The Company will update shareholders as to progress made in relation to the Proposed Transaction, as and when appropriate.

The Proposed Acquisition is subject to formal shareholder approval by the Company’s shareholders at a General Meeting to be held in due course, as well as the successful listing of the Consideration Shares onto the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc. The Company currently expects the Proposed Transaction to complete at the December AGM.

The UK MAR offers, by way of exception to the immediate disclosure of inside information, the possibility on a case-by-case basis to delay such disclosure under certain conditions. In accordance with Article 17(4) of UK MAR, any issuer may thus delay, under its own responsibility, the public disclosure of inside information so as not to prejudice its legitimate interests provided that such omission is not likely to mislead the public and the issuer is able to ensure the confidentiality of the information. The Company relied on Article 17(4) of UK MAR and delayed the release of information in respect of the negotiation of the Heads of Terms. In the opinion of the board of directors of the Company, the delay of the publication of information on the decision to commence negotiations on the Proposed Transaction was in the Company’s legitimate interest as its disclosure was likely to affect the outcome of those negotiations or their normal pattern. The decision to commence negotiations only showed the intention and the final success of those negotiations depended on many factors. In the opinion of the board of directors of the Company, the delay was not likely to mislead the public and they could ensure the confidentiality of the information.

Appointment of Broker

The Company is pleased to announce the appointment of Oberon Capital (a trading name of Oberon Investments Limited) as its joint broker with immediate effect.

Recyclus Financial Information

Financial information for Recyclus is located in the Appendix below. While the financials are not audited, the Company does not expect any material changes to the information provided.

Related Party Transactions

Robin Brundle, Executive Chairman, and Alexander Stanbury, Chief Executive Officer, each hold shares in Recyclus and Lester Kemp, Chief Operating Officer holds share options in Recyclus; therefore, the Proposed Transaction is a related party transaction under Disclosure and Transparency Rule 7 (‘RTP’). The Board has established procedures to ensure that RTPs are approved by independent board members. Accordingly, the directors of the Company, other than Robin Brundle, Alexander Stanbury and Lester Kemp (the “Independent Directors”) have approved the Proposed Transaction and have appointed a committee comprising three Independent Directors to oversee the Proposed Transaction. 

Enquiries:

Technology Minerals Plc

James Cable, Chief Financial Officer

+44 (0)203 488 7510

Oberon Investments Limited

Nick Lovering, Adam Pollock

+44 (0)20 3179 0535

Arden Partners Plc

Ruari McGirr, George Morgan

+44 (0)207 614 5900

Gracechurch Group

Harry Chathli, Alexis Gore, John Bick

+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 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 Limited 

The demand for the raw materials used in battery manufacturing is anticipated to substantially increase . Recyclus provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus’ 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 Li-ion and lead-acid batteries and is a significant contributor towards the circular economy of battery metals. Further information on Recyclus is available at www.recyclusgroup.com. 

The Directors of the Company accept responsibility for this announcement. 

FORWARD-LOOKING STATEMENTS 

This announcement contains forward-looking statements which reflect the Company’s or, as appropriate, the Directors’ current views, interpretations, beliefs or expectations with respect to the Company’s financial performance, business strategy and plans and objectives of management for future operations. These statements include forward-looking statements both with respect to the Company and the sector and industry in which the Company proposes to operate. Statements which include the words “expects”, “intends”, “plans”, “believes”, “projects”, “anticipates”, “will”, “targets”, “aims”, “may”, “would”, “could”, “continue”, “estimate”, “future”, “opportunity”, “potential” or, in each case, their negatives, and similar statements of a future or forward-looking nature identify forward-looking statements. 

All forward-looking statements address matters that involve risks and uncertainties because they relate to events that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. Accordingly, there are or will be important factors that could cause the Company’s actual results, prospects and performance to differ materially from those indicated in these statements. In addition, even if the Company’s actual results, prospects and performance are consistent with the forward-looking statements contained in this announcement, those results may not be indicative of results in subsequent periods. 

These forward-looking statements speak only as of the date of this announcement. Subject to any obligations under the Prospectus Rules, the Market Abuse Regulation, the Listing Rules and the Disclosure and Transparency Rules and except as required by the FCA, the London Stock Exchange, the City Code or applicable law and regulations, the Company undertakes no obligation publicly to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. All subsequent written and oral forward-looking statements attributable to the Company or individuals acting on behalf of the Company are expressly qualified in their entirety by this paragraph. 

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

Technology Minerals #TM1 – Recyclus ‘Halo’ battery boxes receive UN-standard safety certification

Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, announces that Recyclus Group, a 49% Technology Minerals-owned company, has been granted a UN-standard safety certification for its industry-leading battery boxes. The battery boxes, under the brand name Halo, provide a secure solution to the challenges of safely storing and transporting Li-ion batteries, as well as a mechanism for Recyclus’ strategy for UK-wide collections of Li-ion batteries and other dangerous goods.

Highlights:

  • Recyclus ‘Halo’ battery boxes receive UN-standard safety certification
  • Boxes adhere to UN standard for the transportation of lithium-ion (“Li-ion”) batteries, opening a new revenue stream for Recyclus in domestic and international markets
  • British-engineered design is modular and repairable to deliver value and longevity
  • Unique ‘battery pillow’ technology provides a safer, more environmentally friendly solution by preventing battery fires from emitting toxic gases

The battery boxes meet rigorous safety standards and have received the ADR certification P911(1), a requirement for transporting hazardous substances by road within Europe. The certification confirms that the boxes adhere to UN standards (UN nos. 3090, 3091, 3480 and 3481) for the transport of damaged or defective cells and batteries liable to rapidly disassemble, dangerously react, produce a flame, a dangerous evolution of heat, or a dangerous emission of toxic, corrosive, or flammable gases or vapours under normal conditions of transport. 

Receiving the certification opens new logistical market opportunities for Recyclus in the batteries sector, as the Company has demonstrated it can safely store and move batteries to UN standards. The battery boxes will be sold both in the UK market and internationally, and will also be available for short-term leasing options. It also highlights the importance of security and safety in the battery supply chain, especially with potentially hazardous Li-ion batteries.

Lithium batteries can pose a serious fire risk if mishandled. If punctured, even small ones could explode. Recent research fromEunomia Research and Consulting found that Li-ion batteries are currently responsible for around 48% of all waste fires in the UK each year, causing around £158 million in damages annually. 

Should a fire occur during storage or transportation, the Halo boxes contain the event and, as a secondary measure, the boxes’ proprietary fire-smothering ‘battery pillows’ extinguish any fires and prevent the build-up of poisonous gases. In the event of a fire, the pillows are designed to fail at the source, releasing ‘pyrobubbles,’ which melt and smother the flame. This solution is safer and more environmentally friendly because it stops battery fires from releasing toxic gases.

The boxes are also designed with value and longevity in mind. The modular approach means any damaged components can be easily swapped out for ease of repair and lower costs.

Robin Brundle, Chairman of Technology Minerals, said: “It is imperative that lithium-ion batteries are handled, stored, and transported with the highest standards of safety, and we are proud to achieve this UN-standard certification demonstrating the quality and safety of our Halo box technological solution.

“As the world embraces the era of electrification, there is set to be a huge increase in demand for the logistical capability to safely store, move, and recycle batteries, and this certification opens up another revenue stream to Recyclus, both domestically and abroad, at an opportune time. Discussions with potential customers have demonstrated the level of demand for the Halo boxes and we expect to see revenues during August.”

Enquiries

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, Amy Stupavsky

+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 lithium-ion batteries, whilst solving the ecological issue of spent 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 .    

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 .    

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

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

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  

Technology Minerals – Recycling Blueprint for the EV and Battery Industry a Racing Certainty?

By Arjun Thakkar and Alan Green

Along with Christmas parties, the most oft discussed topic in 2021 was almost certainly the COP26 conference, net zero carbon neutrality, sustainability, climate change and other aspirational matters pointing to an internal combustion engine free world. There’s plenty of awareness of the issues surrounding climate change and the environment, but the simple facts are that the leading economies around the world (never mind the developing nations) are woefully underprepared to tackle these issues and create the circular economy required to support sustainability.

(more…)

Technology Minerals #TM1 and Recyclus Group open UK laboratory

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce it has opened its first laboratory suite at its new battery processing facility in Wolverhampton, UK.  

The new laboratory enables Recyclus Group, a 49% Technology Minerals owned company, to carry out its own in-house testing for both lead acid and lithium-ion (“Li-ion”) battery recycling processes.  

The testing facility comprises specialised equipment including an X-ray fluorescence machine (“XRF”) used for measuring the elemental composition of the various battery products. This technology is especially important for examining the lead content of the lead oxide paste and the levels of sulphur which, in turn, ensures the quality of the end product.

The laboratory also houses a Gas Chromatograph with an auto sampler which – when used in conjunction with wet chemical analysis – is crucial in establishing lithium levels and monitoring the in-process products to avoid any potential contamination. The facility has fire-safe, lockable cabinets for housing all the essential analytical chemicals used in the close monitoring of both the lead and lithium recycling processes. 

Robin Brundle, Chairman of Technology Minerals, said: “The opening of a new specialised laboratory at our battery processing facility in Wolverhampton is in line with our strategy and development programme for commissioning the first of our lithium-ion plants. It is another step towards our goal to significantly increase our recycling capacity in 2022 for lead-acid and lithium-ion batteries and ultimately help enhance the UK’s capabilities for battery recycling.”

Enquiries

 

Technology Minerals Limited

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

 

Alfred Henry Corporate Finance Limited

Nick Michaels

+44 203 772 0021

Arden Partners Plc

Ruari McGirr

+44 207 614 5900

Luther Pendragon

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. TM 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 Limited 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  

Technology Minerals #TM1 and the Recyclus team in attendance at this weeks London EV Show

Technology Minerals and the Recyclus team in attendance at this weeks London EV Show @londonevshow

The event offers an exclusive platform for companies in the EV industry to showcase the latest products, services and innovations.

Visit Technology Minerals #TM1 at Stand G5 at the London EV Show

Come and meet the Technology Minerals #TM1 team on Stand G5 at the London EV Show. The show runs from today (Dec 14) to Thurs Dec 16 at the Business Design Centre, 52 Upper St, Islington, London N1 0QH.

      

Technology Minerals #TM1 – Recyclus and WMG Partnership

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, a 49% Technology Minerals owned company, has agreed an engineering development partnership with WMG at the University of Warwick, a leading academic group providing research, education and knowledge transfer in engineering, management, manufacturing and technology. 

WMG and Recyclus have created an Engineering Doctorate (“EngD”) focused on battery recycling technologies and a transfer of current and future applications. The EngD encompasses a four-year programme supporting talented individuals at varying career stages to develop new critical skills sets in this sector and will also focus on addressing contemporary industrial and technical challenges across the battery recycling sector.

Recyclus has developed the first industrial scale process that can work across all of the key Lithium-ion (“Li-ion”) battery technologies and Recyclus and WMG will be sharing this important technology through the research programmes at WMG, working across a range of development areas.

Professor David Greenwood, WMG Director for Industrial Engagement and CEO of the WMG centre High Value Manufacturing Catapult said: 

“Whilst the UK industry has been remarkable in building a world class ecosystem supporting the development of our battery manufacturing capability, we must continue to innovate to capitalise on that success. 

In our September 2020 report, WMG highlighted that by 2040, UK automotive lithium-ion battery cell production alone will require 131,000 tonnes of cathodic metals. With the right infrastructure, recycling can supply 22% of this demand. This represents not only a positive environmental impact, but large savings for manufacturers that build the business case for increased battery recycling capabilities in the UK. 

The Recyclus Group Investment was needed to create suitable recycling facilities in the UK, and their process allows economic recovery of a large percentage of battery material. The process will help protect the environment, secure valuable raw materials, reduce the cost of transport and support the UK with its COP26 commitments. 

Our joint EngD programme will help drive the development of the skills base that will support the circular economy that we will see develop around battery materials as we accelerate the transition towards an electrified future” 

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “The Recyclus team have been working with WMG for nearly two years now, both sharing our respective expertise as we have been developing our proprietary processes across the five battery chemistries, and learning from WMG’s world-class research programmes. These are critical to achieving a leadership position for the UK, particularly developing proprietary technology for the processing of black mass into the key metals that can go back into the UK battery gigafactories supply chain and therefore significantly reduce the supply-side pressures.

There is a clear demand building as a result of the quantum shift to transport electrification, and that is now extending into key UK sectors, including energy storage, freight and aerospace. Working with WMG we will remain at the forefront of our sector, focused on extracting raw materials required for lithium-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers.” 

With the shortage forecast for key battery minerals in the near-immediate future, there is a concern that the road to the rollout of more electric vehicles will be congested. According to the Copper Development Association (CDA), the average copper content of an ICE vehicle is around 23kg, and this will increase to 60kg for plug-in hybrid electric vehicles and to 83kg for pure EVs. Also, full electric buses can use between 224kg to 369kg of copper. According to a report released in February 2021 by the World Bureau of Metals Statistics ((WBMS)), the global copper market had a supply shortage of 1.391 million tons from January to December 2020, up from 383000 tons for the whole of 2019.

 According to an article published in Nature (Future Material Demand for Automotive Lithium-based Batteries, 9 Dec 2020), the increased demand between 2020-2050 for EVs will require a drastic expansion of lithium, cobalt, and nickel supply chains and likely additional resource discovery. The Directors believe that recycling of battery materials could play an important role in reducing the pressures on supply.  

Enquiries 

Technology Minerals Limited

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

 

Alfred Henry Corporate Finance Limited

Nick Michaels

+44 203 772 0021

Arden Partners Plc

Ruari McGirr

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

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