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
November 2024
Technology Minerals
Plc
("Technology Minerals" or the
"Company")
Recyclus to recycle
lithium-ion batteries from Halfords Group plc
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 it
has secured an agreement with Halfords Group plc ("Halfords"), the
UK's leading provider of motoring and cycling services and
products, to recycle waste lithium-ion ("Li-ion") e-mobility
batteries for an initial period of 12 months.
Recyclus will collect spent Li-ion
e-mobility batteries for processing at its Wolverhampton LiBatt
facility, the UK's first and only industrial scale lithium-ion
battery recycling plant, able to address the challenges associated
with increasing volumes of battery waste generated by rising usage
of electric vehicles.
Halfords is the UK's leading
retailer of motoring, cycling and leisure products and services,
for both corporate and consumer customers. Through Halfords
Autocentres, it is also one of the UK's leading independent
operators in vehicle servicing, maintenance and repairs with over
1,750 service locations across the country. As the world shifts
towards electrification, it is well positioned to support UK
customers with the switch to electric forms of transport driven by
regulatory changes and increasing environmental concern.
Robin Brundle, Chairman of Technology Minerals and Director of
Recyclus, said: "We are thrilled to be working with such a
blue-chip household name, who share our aim to accelerate the
transition towards a more sustainable world underpinned by electric
transportation solutions. As the latest of multiple agreements of
this nature made with elite partners, the deal further evidences
the quality of, and demand for, Recyclus' Li-ion battery recycling
solution. We are hugely excited to begin this journey with Halfords
and look forward to a bright future together."
Enquiries
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Technology Minerals Plc
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Robin Brundle, Executive
Chairman
Alex Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582 3500
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Oberon Capital (Broker)
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Nick Lovering, Adam
Pollock
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+44 (0)20 3179 0500
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Gracechurch Group (Financial PR)
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Harry Chathli, Alexis Gore, Rebecca
Scott
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+44 (0)20 4582 3500
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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. 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 acid batteries.
Technology Minerals is focused on
raw material exploration required for lithium-ion batteries, whilst
solving the ecological issue of spent lithium-ion batteries, by
recycling them for re-use by battery manufacturers. Further
information on Technology Minerals is available at
https://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 for
battery metals. Further information on Recyclus Group is available
at https://www.recyclusgroup.com/.
About Halfords
Halfords is the UK's leading
provider of motoring and cycling services and products. Customers
shop at 386 Halfords stores, 3 Performance Cycling stores (trading
as Tredz and Giant), 645 garages (trading as Halfords Autocentres,
McConechy's, Universal, National Tyres and Lodge Tyres) and have
access to 266 mobile service vans (trading as Halfords Mobile
Expert, Tyres on the Drive and National) and 554 Commercial vans.
Customers can also shop at halfords.com and tredz.co.uk for pick up
at their local store or direct home delivery, as well as booking
garage services online at halfords.com.