Regulatory Announcement

Recyclus to Supply WMG, University of Warwick with Lithium-ion Battery Shredder

Recyclus to Supply WMG, University of Warwick with Lithium-ion Battery Shredder

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 been selected by WMG, University of Warwick, to supply it with a bespoke lithium-ion (“Li-ion”) battery shredder.

Following a competitive tender process, WMG, University of Warwick has selected Recyclus to design, manufacture, supply, install, commission, and train operators for the use of an industrial grade Li-ion battery shredder. The shredder will be based on Recyclus’ pioneering industrial scale Li-ion battery recycling plant at Wolverhampton and will enable WMG to shred cells and modules in a safe manner to further advance its research in battery recycling technologies and black mass.

Recyclus will receive an immediate initial upfront fee, and additional fees for completing various project milestones. The equipment is to be delivered and commissioned by 31 March 2024. The agreement is a strong endorsement of Recyclus’ innovative technology as well as its leading expertise and capability in this field. Recyclus’ unique recycling plant has a dry front-end process, which uses an inert atmosphere to safely shred and dry end-of-life Li-ion batteries in a safe and environmentally friendly manner. This protects the environment while producing high quality shredded battery materials, which can then be sent on for further treatment, including battery metal recovery.

Recyclus’ first Wolverhampton Li-ion plant is operational and will be steadily building production volumes over the next 12 months. 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.
This agreement further strengthens the relationship between WMG and Recyclus who have worked together for a number of years and recently created a four-year Engineering Doctorate focused on battery recycling technologies. WMG is a leading academic group providing research, education and knowledge transfer in engineering, management, manufacturing and technology.

Anwar Sattar, Principal Engineer in Battery Recycling Re-Use and Remanufacture at WMG, said:

We are delighted to be working alongside Recyclus to further develop and enhance our battery recycling capabilities. As an academic institution, our requirements are unique, and the Recyclus system offers the greatest balance of compactness, to be seamlessly integrated into our laboratory, and robustness to powerfully shred large modules. Upon its delivery, the shredder will provide a significant enhancement to our capabilities.

Robin Brundle, Chairman of Technology Minerals, said:

We are delighted to secure this order to supply a Li-ion battery recycling shredder to WMG using our leading technology and proven recycling process. WMG are a leader in R&D for Li-ion battery recycling so to secure their endorsement speaks volumes for our teams’ capabilities, expertise and innovative technology. Through this partnership with WMG we will continue to lead the way as a pioneer in the battery recycling market.
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