Recyclus Awarded EA Permit at Wolverhampton Plant

Recyclus Receives Lithium-ion Environmental Permit and Given Priority Status

Issue of permit is a key step towards commencement of operations as EA prioritises Recyclus' operations

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 the Environment Agency ("EA") has awarded its 49% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), an environmental permit for its recycling plant in Wolverhampton, West Midlands.

The EA permit at its Wolverhampton plant will provide the critical legal foundation from which Recyclus can receive the variation of licence required to enable the Wolverhampton site to be fully operational. This variation of licence is required due to the novelty of recycling lithium-ion batteries within the UK.  

Further, the EA has prioritised the determination of Recyclus' application to transfer its permits across its lithium-ion Wolverhampton plant and lead-acid Tipton plant. This priority status has been given to Recyclus as the EA is satisfied that the development of the company will help maintain national resilience, national infrastructure and/or is critical for environmental protection.

Once the site is fully operational, the Wolverhampton plant will be the first in the UK with the capacity to recycle lithium-ion batteries on an industrial scale and will be a key foundation of Recyclus' ambition to increase its lithium-ion battery recycling capacity from an estimated 8,300 tonnes in the first full year of operations, to a total of circa 41,500 tonnes across a further 4 lithium-ion plants by 2027.

This is the second EA permit Recyclus has been awarded in two weeks following the environmental permit obtained for its Tipton lead-acid recycling facility earlier this month.

Robin Brundle, Chairman of Technology Minerals, said: "Receiving the EA permit for our Wolverhampton plant is a critical step for the recycling facility to become fully operational which, for the first time, will bring industrial scale recycling capability for lithium-ion batteries in the UK. To be awarded priority status and be categorised as an organisation critical for environmental protection is fantastic. This high-level of recognition from the EA is reflective of the importance of Recyclus' ambition to recycle batteries and establish a circular economy for battery metals in the UK. With the increasing demand for critical battery metals, we are pleased to be seen as integral to ensuring a domestic supply through recycling."

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Provided by the London Stock Exchange: https://www.londonstockexchange.com/news-article/TM1/recyclus-awarded-ea-permit-at-wolverhampton-plant/15465318