12 March 2024
Technology Minerals Plc
("Technology Minerals" or the "Company")
Recyclus selected to join UK and Indian
Governments' Innovating for Transport and Energy Systems scheme to
achieve net zero
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"), has successfully secured a place on the Governments'
Innovating for Transport and Energy Systems ("ITES") scheme to
boost research, innovation and investment between the UK and India
to accelerate the path towards Net Zero.
ITES nurtures partnerships amongst
key players in the UK and India's journey towards achieving cleaner
transport systems, ranging from high-impact innovators,
researchers, policymakers, businesses and investors. The programme
is designed to accelerate the development of technologies and
solutions needed to decarbonise transportation in both countries
and is backed by the UK and Indian Governments, UK government
agency Innovate UK and led by Net Zero research and technology
organisation Energy Systems Catapult, in partnership with the
Indian Institute of Science (IISc).
The programme will allow Recyclus
direct access to India's burgeoning lithium-ion ("Li-ion") electric
battery sector, to explore a range of possible commercial
opportunities for both its Li-ion recycling plant, the first
industrial scale Li-ion recycling facility in the UK, along with
its award-winning mobile solution, in collaboration with The
University of Birmingham. Recyclus' cutting-edge Li-ion recycling
solutions are well placed to address the pressing need for Li-ion
battery processing in India's cities, with its mobile offering
providing solutions for the provinces.
Robin Brundle,
Co-Founder and Director of Recyclus, said:
"We are honoured to be
selected to join the Governments' ITES scheme in collaboration with
the Indian Government. With a population
of c1.5bn
with c1.3bn of those owning one or more handheld devices India is
in need of a solution to address rising volumes of discarded Li-ion
batteries, and our selection evidences the UK government's view of
Recyclus as a trusted company in establishing a
cradle-to-cradle sustainable circular economy for battery metals
supporting the drive to electrification."
Enquiries
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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
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 0535
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Gracechurch
Group
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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 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.