EA Approves Lead Acid Battery Recycling Plant

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

19 October 2023

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

EA Issues Final Approval for Lead Acid Battery Recycling Plant

Recyclus' Tipton facility ready to commence fully automated operations this month

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 48.25% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has received final clearance from the Environment Agency ("EA") for the variation licence to commence full automated operations at its lead acid battery recycling plant in Tipton, West Midlands.

The EA permit allows Recyclus to enter the commissioning phase at the plant, gradually increasing the monthly volumes being processed over a period of approximately four months.

This final EA licence is a significant milestone as it represents the last required licence for the company at both its Wolverhampton and Tipton plants, allowing full automated operations, and paving the way for eight additional plants Recyclus plans to build in the coming years.

The Tipton plant is the first among Recyclus' planned five lead acid plants to be located in the UK. The facility has the capacity to recycle up to 15,000 tonnes of lead acid materials during the first full year of operations. Over the coming years, Recyclus are committed to scaling up its efforts, with a target of processing a cumulative total of 80,000 tonnes across the subsequent four lead acid plants.

Robin Brundle, Chairman of Technology Minerals, said: "We are delighted to announce that Recyclus has received final approval from the Environment Agency to initiate full automated operations at its lead acid recycling facility in Tipton. This is a significant milestone for Recyclus and represents the first of five lead acid battery recycling facilities the company aims to establish in the UK."

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Technology Minerals Plc 

Technology Minerals is developing the UK's first listed company, providing a sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at www.technologyminerals.co.uk  

Recyclus Group Ltd  

The demand for the raw materials used in battery manufacturing is anticipated to increase substantially. Recyclus Group provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus Group's battery recycling capacity will prove essential in the shift from fossil fuels to electric transportation. Through its strategic support from Technology Minerals, Recyclus is an integral component to the recycling of Li-ion and lead acid batteries and is a significant contributor towards the circular economy of battery metals. Further information on Recyclus Group is available at www.recyclusgroup.com