Technology Minerals PLC (LSE:TM1) told investors that its subsidiary, Recyclus Group, has entered into an agreement with UK independent garages operator Servicesure Autocentres for lithium-ion batteries (LIB) recycling services.
The deal, under a partnership with Slicker Recycling, underlines Recyclus' role in the circular economy, the company noted.
It will see the Recyclus receive a supply of LIBs from the EV arm of the garage operator, which has a network of more than 600 garages.
Recyclus will use the LiBoxes solution for the safe transport and storage of the LIBs, before they’re processed at the firm’s plant in Wolverhampton.
“As the first UK-based battery lithium-ion recycler at industrial scale, it is our mission to create a cradle-to-cradle sustainable circular economy for battery metals, assuring the supply of battery materials for future generations,” Robin Brundle, Recyclus director, said in a statement.
“We are delighted to now be working with EVSure through our trusted partner, Slicker Recycling."
Servicesure Autocentres’ Paul Dineen added: “Through our partnership with Slicker Recycling, and in turn Recyclus, we have found what we believe to be the best solution for our members' waste lithium-ion batteries.
“Through our partnership, we will help reduce members' carbon emissions, improve their sustainability, and minimise waste management spend.”
And, Slicker Recycling managing director Laura Carter said: “thanks to our alignment with lithium-ion recycling specialist, Recyclus, we are pleased to offer a sustainable solution for the growing needs of Servicesure's EVSure members."