20 February 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus
to recycle lithium-ion batteries from Servicesure
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 48.35% owned battery recycling business, Recyclus Group Ltd
("Recyclus"), will receive lithium-ion
("Li-ion") batteries for recycling from Servicesure Autocentres
("Servicesure"), a prominent network of more than 600 independent
autocentres in the UK.
Under Recyclus' partnership with
Slicker Recycling Limited ("Slicker Recycling"), Servicesure will
send its waste Li-ion batteries to Recyclus for processing and
recycling. The Li-ion batteries will be provided by Servicesure's
EVSure member businesses. EVSure is a scheme launched by
Servicesure to provide support and trusted traders for the growing
electric vehicle ("EV") and hybrid aftermarket.
Recyclus' LiBoxes, which are
UN-certified, ADR compliant - the highest global standard for
transporting hazardous goods, will be
deployed for the safe transport and storage of the Li-ion
batteries. This sustainable and secure approach minimises risks
related to the transportation of EV batteries. Simultaneously, it
offers a vital storage solution for EV batteries within the
Servicesure network's garages.
The transportation of these
batteries to Recyclus' cutting-edge recycling facility in
Wolverhampton, the only industrial-scale Li-ion recycling plant in
the UK, will be provided by Slicker Recycling, the designated
logistics partner. This strategic partnership establishes a
foundation for a sustainable circular economy, ensuring responsible
usage, transportation and recycling of Li-ion batteries within the
EVSure network.
Robin Brundle,
Director and Co-Founder of Recyclus Group,
said: "As the first UK-based battery lithium-ion recycler at
industrial scale, it is our mission to create a cradle-to-cradle
sustainable circular economy for battery metals, assuring the
supply of battery materials for future generations. We are
delighted to now be working with EVSure through our trusted
partner, Slicker Recycling."
Paul Dineen,
GSF Car Parts Head of Servicesure Autocentres,
said: "Our
priority is to provide the best value for our network members.
Through our partnership with Slicker Recycling, and in turn
Recyclus, we have found what we believe to be the best solution for
our members' waste lithium-ion batteries. Through our partnership,
we will help reduce members' carbon emissions, improve their
sustainability, and minimise waste management
spend.
"This aligns
with GSF Car Parts' wider aims to find innovative new solutions to
apply sustainable practices to our part in the automotive
aftermarket."
Laura Carter,
Managing Director at Slicker Recycling, commented:
"Long has sustainability
and the circular economy been at the centre of the
Slicker-Servicesure partnership, as we continue to provide a
'closed loop' solution for members' used oil and other workshop
waste.
"Now, thanks
to our alignment with lithium-ion recycling specialist, Recyclus,
we are pleased to offer a sustainable solution for the growing
needs of Servicesure's EVSure members."
Enquiries
Technology
Minerals Plc
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Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582
3500
|
|
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Oberon
Investments Limited
|
|
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, sustainable circular economy for battery metals,
using cutting-edge technology to recycle, recover, and re-use
battery technologies for a renewable energy future.
The Company currently holds 48.35% of the issued share capital of Recyclus
Group Ltd, the UK's first industrial-scale recycler of both
lithium-ion and lead batteries.
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.