Technology Minerals Plc (TM1:LSE) Secures Agreement with Halfords to Recycle Lithium-Ion E-Mobility Batteries

Highlights:

• Technology Minerals signs 12-month agreement with Halfords Group to recycle spent lithium-ion e-mobility batteries.
• Recyclus, a Technology Minerals subsidiary, will process batteries at the UK's first industrial-scale Li-ion recycling plant.
• The partnership strengthens Technology Minerals' commitment to the sustainable recycling of battery metals and supports the growing electric vehicle market.

Technology Minerals Plc (LSE:TM1), the UK’s first listed company focused on creating a sustainable circular economy for battery metals, is pleased to announce a significant new partnership with Halfords Group plc ("Halfords"), the UK's leading provider of motoring and cycling products and services. Under this agreement, Recyclus, a subsidiary of Technology Minerals, will recycle spent lithium-ion ("Li-ion") e-mobility batteries for an initial 12-month period, helping address the challenges posed by rising volumes of battery waste.

The agreement will see Recyclus collect spent Li-ion batteries from Halfords, which will then be processed at its Wolverhampton LiBatt facility – the first and only industrial-scale lithium-ion battery recycling plant in the UK. The LiBatt facility is uniquely positioned to tackle the increasing volumes of battery waste generated by the rapid rise in electric vehicle (EV) adoption, as well as other e-mobility sectors.

The facility uses state-of-the-art technology to recover valuable materials from spent batteries, including lithium, cobalt, and nickel, which can then be reintroduced into the supply chain. This closed-loop process is central to Technology Minerals' vision of promoting sustainability in the battery industry, ensuring that valuable resources are reused and reducing the environmental impact of battery production.

With the transition to electric mobility accelerating in the UK and globally, the demand for sustainable battery recycling solutions is growing. The partnership between Recyclus and Halfords will play a key role in supporting the UK's push towards electrification and meeting the regulatory requirements for battery disposal and recycling.

Halfords, the UK’s leading retailer in motoring, cycling, and leisure products and services, is well-positioned to support the UK’s transition to electric transportation. With more than 1,750 service locations across the country, Halfords is a trusted provider of vehicle servicing, maintenance, and repairs. As electric vehicles (EVs) become more mainstream, Halfords is also increasingly involved in providing services for electric and hybrid vehicles, including the installation and maintenance of EV chargers.

The partnership with Recyclus aligns with Halfords’ strategy to support its customers in transitioning to electric forms of transport. As regulatory pressures around sustainability and environmental impact intensify, Halfords is taking proactive steps to offer solutions that meet the growing demand for eco-friendly and future-proof services.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, commented: 

“We are thrilled to be working with such a renowned and trusted name as Halfords, who share our goal of accelerating the transition towards a more sustainable world, underpinned by electric transportation solutions. This agreement is another major milestone in our ongoing efforts to build a sustainable circular economy for battery metals, and it further demonstrates the quality and demand for Recyclus’ Li-ion battery recycling technology. We are excited to begin this journey with Halfords and look forward to the positive impact this collaboration will bring for both companies and the environment.”

As the electric vehicle market continues to expand, so too will the need for sustainable solutions to manage battery waste. Technology Minerals, through its subsidiary Recyclus, is well-positioned to play a pivotal role in meeting this demand. The agreement with Halfords further strengthens the company’s reputation as a leader in the field of battery metal recycling, building on its growing portfolio of partnerships with major industry players.

The partnership also highlights the importance of collaboration between different sectors – including retail, motoring services, and battery recycling – to create a sustainable future for electric mobility. With increasing environmental concerns and regulatory frameworks designed to support the electrification of transport, the market for sustainable battery recycling solutions is set to grow significantly in the coming years.