24th May 2022 20:51
Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Says Environment Agency has awarded its 49% owned battery recycling business, Recyclus Group Ltd, an environmental permit for its recycling plant in Wolverhampton, West Midlands.
The EA permit at its Wolverhampton plant will provide the critical legal foundation from which Recyclus can receive the variation of licence required to enable the Wolverhampton site to be fully operational. This variation of licence is required due to the novelty of recycling lithium-ion batteries within the UK, it adds.
Chair Robin Brundle says: "Receiving the EA permit for our Wolverhampton plant is a critical step for the recycling facility to become fully operational which, for the first time, will bring industrial scale recycling capability for lithium-ion batteries in the UK. To be awarded priority status and be categorised as an organisation critical for environmental protection is fantastic. This high-level of recognition from the EA is reflective of the importance of Recyclus' ambition to recycle batteries and establish a circular economy for battery metals in the UK. With the increasing demand for critical battery metals, we are pleased to be seen as integral to ensuring a domestic supply through recycling."
Current stock price: 3.25 pence
By Arvind Bhunjun; [email protected]
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