Business
Commissioning Phase Progressing on Schedule
Commissioning Phase Progressing on Schedule.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n\nThe 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. \n \n24 July 2023\n \nTechnology Minerals Plc \n \n(\"Technology Minerals\" or the \"Company\") \n \nCommissioning Phase Progressing on Schedule\n \nTechnology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce its 48.25% owned battery recycling business, Recyclus Group Ltd (\"Recyclus\"), continues to make good progress through the commissioning phase at the UK's first industrial scale lithium-ion (\"Li-ion\") battery recycling facility in Wolverhampton, West Midlands.\n \nThe commissioning phase is advancing on schedule with the plant steadily increasing its hours of operation as it builds up to continuous operations. Furthermore, the facility has passed comprehensive inspections conducted by all relevant agencies, ensuring the uninterrupted continuation of operations without any delays.\n \nThe plant has a permit to process up to 22,000 tonnes of Li-ion batteries per annum and Recyclus expects that 8,300 tonnes will be processed in the first year, utilising a single shift pattern of labour during the standard working week. The plant processes end-of-life Li-ion batteries to produce black mass, which contains critical battery metals that can be reprocessed and sold back into the battery supply chain.\n \nRobin Brundle, Chairman of Technology Minerals, said: \"The commissioning phase at the Li-ion battery recycling site is performing well and on schedule. We are steadily increasing the hours of operation as we gear up to full continuous operations and we look forward to updating the market as we continue our progress.\"\n \nEnquiries\n \n\n\n\nTechnology Minerals Plc\n\n\n\n\n\n\n\nRobin Brundle, Executive Chairman\nAlexander Stanbury, Chief Executive Officer\n\n\nc/o +...