Technology Minerals PLC Response to incident at Recyclus Group facility

RNS Number : 6380G

Technology Minerals PLC

02 October 2024

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

 

2 October 2024

 

Technology Minerals Plc 

 

("Technology Minerals" or the "Company") 

 

Response to incident at Recyclus Group facility

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, provides an update on an incident at its 48.35% owned battery recycling business, Recyclus Group Ltd ("Recyclus").

 

At 12.08am on 2 October 2024, there was an isolated fire at Recyclus' LiBatt plant in Wolverhampton. Fire engines arrived promptly on the scene and the fire was quickly contained. The company's fire safety management protocols worked successfully as confirmed by the emergency services and the plant will reopen today after consultation with all the appropriate agencies.

 

The fire broke out in a goods inward building and was contained within one of seven bays which is used to store batteries prior to processing, and is separate to the recycling plant. There was no damage to the other six bays. No one was hurt and no other buildings or plant were affected. The burnt material will be processed through Recyclus' system so that no materials are wasted or sent to landfill.

 

Enquiries

 

Technology Minerals Plc
Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer	c/o [phone]
Oberon Investments Limited
Nick Lovering, Adam Pollock	[phone]
Gracechurch Group
Harry Chathli, Alexis Gore, Rebecca Scott	[phone]

 

Technology Minerals Plc 

 

Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at  www.technologyminerals.co.uk.

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