Battery boxes receive UN-standard certification

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. 3 August 2022

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Recyclus 'Halo' battery boxes receive UN-standard safety certification

· Boxes adhere to UN standard for the transportation of lithium-ion ("Li-ion") batteries, opening a new revenue stream for Recyclus in domestic and international markets

· British-engineered design is modular and repairable to deliver value and longevity

· Unique 'battery pillow' technology provides a safer, more environmentally friendly solution by preventing battery fires from emitting toxic gases

Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, announces that Recyclus Group, a 49% Technology Minerals-owned company, has been granted a UN-standard safety certification for its industry-leading battery boxes. The battery boxes, under the brand name Halo, provide a secure solution to the challenges of safely storing and transporting Li-ion batteries, as well as a mechanism for Recyclus' strategy for UK-wide collections of Li-ion batteries and other dangerous goods.

The battery boxes meet rigorous safety standards and have received the ADR certification P911(1), a requirement for transporting hazardous substances by road within Europe. The certification confirms that the boxes adhere to UN standards (UN nos. 3090, 3091, 3480 and 3481) for the transport of damaged or defective cells and batteries liable to rapidly disassemble, dangerously react, produce a flame, a dangerous evolution of heat, or a dangerous emission of toxic, corrosive, or flammable gases or vapours under normal conditions of transport.

Receiving the certification opens new logistical market opportunities for Recyclus in the batteries sector, as the Company has demonstrated it can safely store and move batteries to UN standards. The battery boxes will be sold both in the UK market and internationally, and will also be available for short-term leasing options. It also highlights the importance of security and safety in the battery supply chain, especially with potentially hazardous Li-ion batteries.

Lithium batteries can pose a serious fire risk if mishandled. If punctured, even small ones could explode. Recent research from Eunomia Research and Consulting found that Li-ion batteries are currently responsible for around 48% of all waste fires in the UK each year, causing around £158 million in damages annually.

Should a fire occur during storage or transportation, the Halo boxes contain the event and, as a secondary measure, the boxes' proprietary fire-smothering 'battery pillows' extinguish any fires and prevent the build-up of poisonous gases. In the event of a fire, the pillows are designed to fail at the source, releasing 'pyrobubbles,' which melt and smother the flame. This solution is safer and more environmentally friendly because it stops battery fires from releasing toxic gases.

The boxes are also designed with value and longevity in mind. The modular approach means any damaged components can be easily swapped out for ease of repair and lower costs.

Robin Brundle, Chairman of Technology Minerals, said: "It is imperative that lithium-ion batteries are handled, stored, and transported with the highest standards of safety, and we are proud to achieve this UN-standard certification demonstrating the quality and safety of our Halo box technological solution.

"As the world embraces the era of electrification, there is set to be a huge increase in demand for the logistical capability to safely store, move, and recycle batteries, and this certification opens up another revenue stream to Recyclus, both domestically and abroad, at an opportune time. Discussions with potential customers have demonstrated the level of demand for the Halo boxes and we expect to see revenues during August."

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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. Technology Minerals is focused on extracting raw materials required for lithium-ion batteries, whilst solving the ecological issue of spent batteries by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the group will explore, mine, and recycle metals from spent batteries. 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 substantially increase. 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, Recyclus is an integral component to the recycling of lithium-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.