5th Sep 2022 12:43
Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Says UK Environmental Agency has awarded its 49% owned battery recycling business, Recyclus Group Ltd, an 'approved battery treatment operator' status for its recycling plant in Wolverhampton, West Midlands. This means that Recyclus can immediately begin manual recycling operations at its lead-acid facility.
Under ABTO status, Recyclus is authorised to produce up to 15,000 metric tonnes per annum of lead and store up to 300 metric tonnes of inbound stock at any one time on site. The company says this marks the beginning of phase one of the recycling operations, which will move to a fully automated recycling process in phase two later this year, following receipt of the variation of licence.
Technology Minerals Chair Robin Brundle comments: "We are delighted to have our ABTO status confirmed by the Environmental Agency, so we can kick-start recycling operations, close deals in the pipeline, and start generating revenues from this site. Once fully operational, the Tipton plant positions us to become one of the leading accredited battery recyclers internationally."
Current stock price: 2.17 pence, up 3.5% on Monday in London
12-month change: down 33%
By Sophie Rose; [email protected]
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