First 19 tonnes of lead acid batteries recycled at Tipton
ecyclus in discussions with multiple parties to sell recycled battery material processed at battery recycling plant.
First 19 tonnes of batteries manually processed and recycled into 16.5 tonnes of lead, lead plate and other recovered materials
Facility is licenced for manual recycling activities while awaiting Environmental Agency (“EA”) approval for automated industrial-scale processing
Process recycles the entire battery into separate constituent parts to recover lead, acid, and plastic materials, which can then be reused in a wide range of industries
Recyclus is in discussions with several potential buyers for the recycled materials and will update the market in due course
Recyclus plans to scale up its operations at Tipton while preparing to commence industrial-scale automated processing once it has received the final approval from the Environmental Agency.
As announced in September 2022, Recyclus received Approved Battery Treatment Operator (ABTO) status at the Tipton plant, granting approval to begin manual processing of lead-acid batteries at the site. Under ABTO status, Recyclus is authorised to produce up to 15,000MT per annum of lead and store up to 300MT of inbound stock at any one time on-site. This enabled phase one of production to begin, with the second phase set to begin once final approval is granted by the EA.
Robin Brundle, Chairman of Technology Minerals, said:
We are delighted to process the first batch of end-of-life batteries as Recyclus looks to ramp up its operations at the recycling plant in Tipton. Our process enables the recycling of spent batteries to recover lead, acid, and plastic materials to be repurposed back into a range of industries. We have seen strong demand for the recovered materials and look forward to securing first sales and generating cashflow at Tipton. Recyclus is in discussions with multiple parties regarding the sale of the recycled material and will update the market in due course.
As announced on 19 October 2022, the Company signed binding Heads of Terms to acquire the remaining issued share capital of Recyclus (the "Proposed Transaction"). The Company will update shareholders as to progress made in relation to the Proposed Transaction as and when appropriate.
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