Technology Minerals PLC (LSE:TM1) said 49% owned Recyclus Group signed a deal with Slicker Recycling to collect battery waste from around the UK and deliver it to its plants.
Recyclus has unique technologies that allow it to reprocess both lead-acid and lithium-ion power units. Next year the business expects to deal with 16,000 tonnes of the former and 5,000 tonnes of the latter.
Slicker Recycling has 13 depots and uses 25,000 collection points nationally.
Slicker will collect battery waste and safely transport it to Recyclus operations. The aim is to move the recycling process from small-scale manual operations to large industrial facilities such as those owned by Recyclus.
“The partnership will help ramp up our recycling capacity for both lead-acid and Li-ion batteries and builds on our strategy and goal to help tackle the critical upcoming supply shortages of the key minerals being used to drive the global transition to electric vehicles,” said Alex Stanbury, chief executive of Technology Minerals.