Technology Minerals PLC (LSE:TM1) said its 48.35%-owned battery recycling business Recyclus has been selected to provide WMG, University of Warwick, with a bespoke lithium-ion battery shredder.
WMG selected Recyclus to design, manufacture, supply, install, commission and train operators for the use of an industrial-grade Li-ion battery shredder after a competitive tender, the statement added.
The shredder will be based on Recyclus' industrial-scale Li-ion battery recycling plant at Wolverhampton and will enable WMG to shred cells and modules to advance its research in battery recycling technologies and black mass.
Recyclus will receive an immediate initial upfront fee and additional fees for completing various project milestones.
Anwar Sattar, principal engineer in Battery Recycling Re-Use and Remanufacture at WMG, said: “As an academic institution, our requirements are unique, and the Recyclus system offers the greatest balance of compactness, to be seamlessly integrated into our laboratory, and robustness to powerfully shred large modules.”
Robin Brundle, chairman of Technology Minerals, added: “WMG are a leader in R&D for Li-ion battery recycling so to secure their endorsement speaks volumes for our teams' capabilities, expertise and innovative technology."