LONDON - Technology Minerals Plc (LSE: LON:TM1) has announced a partnership with a prominent online retailer to recycle lithium-ion batteries through its subsidiary Recyclus Group Ltd. The collaboration aims to address the environmental challenges of battery disposal and promote a circular economy for battery metals.
Recyclus will process the retailer's end-of-life lithium-ion battery packs at its industrial-scale recycling facility. The partnership, which has already seen the successful recycling of several thousand batteries, will continue to support the retailer's maintenance program. Additionally, Recyclus' proprietary LiBox storage boxes, which meet the highest global standards for hazardous goods transport, will be used for safe battery storage and transportation.
The initiative underscores the growing need for comprehensive recycling solutions as the world shifts towards electrification and the demand for lithium-ion batteries surges. By recycling these batteries, Recyclus contributes to reducing environmental hazards and supports the recovery of critical battery metals for reuse in the industry.
Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, expressed enthusiasm for the partnership, highlighting its alignment with the company's mission to create a sustainable circular economy for battery metals. He noted that the materials recovered from the recycling process would re-enter the supply chain, reinforcing Recyclus' commitment to sustainability.
The announcement builds on other recent partnerships, signalling Recyclus' expanding commercial presence in the battery recycling sector. Technology Minerals, through its support of Recyclus, continues to play a pivotal role in the transition from fossil fuels to electric transportation, contributing to the UK's efforts to achieve carbon neutrality.
This initiative is based on a press release statement and reflects Technology Minerals' ongoing strategy to develop sustainable solutions for the battery industry.
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