Technology Minerals PLC Supply Agreement to MOD for LiBox

RNS Number : 5032I

Technology Minerals PLC

17 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.

 

17 October 2024

 

Technology Minerals Plc 

 

("Technology Minerals" or the "Company") 

 

Supply Agreement to MOD for LiBox

 

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 its 48.35% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has signed an agreement and delivered its first order from the Ministry of Defence ("MOD") for its market-leading solution for the safe storage and transportation of lithium-ion ("Li-ion") batteries, LiBox.

 

Under the terms of the contract, Recyclus provided the MOD with its LiBox Li-ion battery storage boxes, which are UN-certified and ADR compliant - the highest global standard for the transportation of hazardous goods. With a 20kWh power rating, the boxes are certified for the safe storage and transportation of Li-ion batteries.

 

By adhering to the highest global standards, the LiBox not only mitigates the risk of harm to people but also significantly reduces potential environmental impact. Their robust design and stringent compliance measures help prevent hazardous incidents, such as fires, thereby safeguarding both human health and ecological systems.

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: "We are delighted that our product will play a small, but important part in keeping safe our military personnel. We thank the MOD for choosing our LiBox and we are proud to be a supplier."

 

 

Enquiries

 

Technology Minerals Plc
Robin Brundle, Executive Chairman Alex Stanbury, Chief Executive Officer	c/o [phone]
Oberon Investments Limited (Broker)
Nick Lovering, Adam Pollock	[phone]
Gracechurch Group (Financial PR)
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.

 

Recyclus Group Ltd

 

The demand for the raw materials used in battery manufacturing is anticipated to increase substantially. Recyclus Group provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus Group's battery recycling capacity will prove essential in the shift from fossil fuels to electric transportation. Through its strategic support from Technology Minerals, Recyclus is an integral component to the recycling of lithium-ion and lead acid batteries and is a significant contributor towards the circular economy for battery metals. Further information on Recyclus Group is available at https://www.recyclusgroup.com/.

 

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