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
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Technology
Minerals Plc
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Robin Brundle, Executive Chairman
Alex Stanbury, Chief Executive
Officer
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c/o +44 (0)20 4582 3500
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Oberon
Investments Limited (Broker)
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Nick Lovering, Adam Pollock
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+44 (0)20 3179 0500
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Gracechurch
Group (Financial PR)
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Harry Chathli, Alexis Gore, Rebecca
Scott
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+44 (0)20 4582 3500
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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/.