28 November 2023

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Recyclus - UK Battery Strategy Taskforce

Technology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a circular economy for battery metals, is pleased to announce that its 48.35% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), notes the publication of the Department for Business & Trade's UK battery strategy - which brings together government activity to achieve a globally competitive battery supply chain by 2030, that supports economic prosperity and the net zero transition.

UK Battery Strategy

The strategy was developed with the UK battery strategy taskforce, drawing on the call for evidence and engagement with businesses and stakeholders across UK industry groups.

As a member of the taskforce, Recyclus is cited in the report as: "The country's first and only industrial-scale recycling facility. It is licenced to turn 22,000 tonnes of spent lithium-ion batteries, taken from a range of sources including electric cars, each year into black mass without using water, and has a low carbon footprint." Link to UK Battery Strategy: https://www.gov.uk/government/publications/uk-battery-strategy.

In summary, the government's vision is for the UK to continue to grow a thriving battery innovation ecosystem and become a world leader in sustainable design, manufacture, and use. The UK battery strategy is based around a design-build-sustain approach. Through this strategy, the UK will: 

·      design and develop batteries of the future

·      strengthen the resilience of UK manufacturing supply chains

·      enable the development of a sustainable battery industry.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: "We welcome the purpose and positive direction of the UK battery strategy and its key relevance to the future development and investment into the UK's battery ecosystem. We continue to work alongside the government team and taskforce members as we all seek to build upon the UK's capabilities to build a thriving battery supply chain to support industry sectors in the UK."

Recyclus' first UK li-ion plant is operational and is receiving a steady influx of li-ion battery waste from various commercial sources for which it has already achieved up to 45% net black mass yield. It is the first industrial scale li-ion battery recycling plant in the UK and is permitted to process up to 22,000 tonnes of batteries per year with the aim to process 8,300 in its first full year of production.

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Technology Minerals Plc 

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

Recyclus Group Ltd  

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