Technology Minerals PLC (LSE:TM1) subsidiary, Recyclus Group Ltd, has entered into a contract with a global automotive company to recycle lithium-ion (Li-ion) battery packs.
The batteries will be processed at Recyclus’ Wolverhampton recycling facility, the company said in a statement.
Hundreds of electric vehicle Li-ion battery packs, sourced both domestically and internationally will be handled via a recall programme, it added.
"We are thrilled to collaborate with a globally renowned company that shares our commitment to driving sustainability in the automotive sector,” Technology Minerals chair and Recyclus director Robin Brundle said in a statement.
“The multinational scope of the partnership highlights the industry-leading nature of Recyclus' solutions, building further momentum for the company and reinforcing our position as a trusted service provider for Li-ion battery recycling."