Technology Minerals Chairman says Recyclus moving into a new phase with EA clearance
London, UK
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October 24, 2023 07:45 AM Eastern Daylight Time
Technology Minerals PLC (LSE:TM1) chairman Robin Brundle speaks to Proactive's Thomas Warner after the company's 48.25%-owned battery recycling business, Recyclus, received final clearance from the Environment Agency for fully automated operations at its lead acid battery recycling plant in Tipton, West Midlands. Brundle starts by saying that he's delighted with the news and says that the clearance should serve as a "cookie-cutter" for helping Recyclus create more lead acid recycling plants.
The company aims to get five lead acid and five lithium-ion recycling plants up and running in the coming years. He also provides an update on the company's lithium-ion recycling plant in Wolverhampton, saying that the facility has completed the commissioning phase and is "ready to run at full scale... we've transitioned that business from pre-revenue to revenue." When asked if recent progress on the two facilities represents the end of the beginning for Recyclus, Brundle agrees before going to lay out the next steps for the business.
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