Business
Partnership with Slicker Recycling
Partnership with Slicker Recycling.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3436T\n Technology Minerals PLC\n 24 November 2021\n \n \n \n 24 November 2021\n \n \n \n Technology Minerals Plc\n \n (\"Technology Minerals\" or the \"Company\")\n \n Technology Minerals and Slicker Recycling Partner to Revolutionise UK Battery Recycling\n \n \n \n National initiative launched to support Technology Minerals' aim of creating a circular economy for the UK battery market\n \n Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that Recyclus Group, a 49% Technology Minerals owned company, has signed a partnership agreement with Slicker Recycling Limited (\"Slicker Recycling\"), one of the UK's leading hazardous waste management and service delivery providers, with a view to further their visions of creating a circular economy for the UK battery market.\n \n The agreement between Recyclus Group and Slicker Recycling (the \"Partnership\") launches a national initiative with the aim of improving the UK capability for battery recycling from dangerous, small-scale manual operations to recycling safely and sustainably on an industrial scale - which the Company believes is a necessary development for the UK to reach its climate targets.\n \n Slicker Recycling, which has 13 depots nationwide and executes more than 25,000 collections per annum, will collect battery waste from around the UK and safely transport it to the closest Recyclus Group Ltd (\"Recyclus\") plant. Recyclus is a battery-recycling business with innovative technology that can safely salvage key materials from spent batteries to produce black mass (consisting of cobalt, nickel, lithium, and manganese). These recycled raw materials can then be subsequently fed back into the market for re-use and resale. Recyclus will also test the safety of the batteries to determine whether they should be re-used or repurposed. Recyclus believes this partnership alone could deliver up to 40% of the lead-acid battery capacity, and up to 90% of its Li-ion capacity once the two plants are commissioned in Q1 2022.\n \n The Partnership is expected to be a driver in Technology Minerals' growth strategy and aim to increase its recycling capacity in 2022 for lead-acid batteries to ...