Technology Minerals PLC (LSE:TM1) chairman Robin Brundle joins Proactive's Stephen Gunnion with details of the company's 48.35% owned battery recycling business, Recyclus Group, joining the UK and Indian government-backed Innovating for Transport and Energy Systems (ITES) scheme.
Brundle explained that Recyclus' involvement stems from a visit by an Indian delegation to its Wolverhampton site, showcasing a full-scale lithium-ion battery processing plant and a mobile solution concept, which previously won a £1.96 million Innovate UK grant.
The ITES scheme aims to address India's vast need for lithium-ion battery recycling, given its population of approximately 1.5 billion people and the prevalence of devices containing these batteries. Recyclus' technologies, including a mobile solution, aim to enhance recycling capabilities, thereby supporting India's net zero targets.
Upcoming steps involve workshops with Indian companies to explore commercial opportunities, emphasizing the importance of understanding local business nuances. This partnership is viewed as a vote of confidence in the Recyclus technology by both governments, highlighting Technology Minerals' British innovation in the recycling sector.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Technology Minerals Plc is developing a sustainable circular economy for battery metals, using technology to recycle, recover, and re-use battery technologies for a renewable energy future. It is focused on raw material exploration required for lithium-ion batteries, whilst solving the ecological issue of spent lithium-ion batteries, by recycling them for re-use by battery manufacturers. It has a portfolio of battery metal projects focused on cobalt, lithium, copper, nickel, and manganese. Its projects include Asturmet, Blackbird, Emperium, Technology Minerals Cameroon (TMC), and Oacoma. The Asturmet Project, based in the Principality of Asturias, north-west Spain, consists of eight exploration permits. The Blackbird Creek Property consists of 158 contagious lode claims, covering an area of about 1,285 hectares. The Emperium Project is located in east-central Idaho. The TMC property consists of five exploration permits. It also holds a 49% interest in the battery recycling business.
