TM1 Technology Minerals Plc

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

29 May 2024

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Appointment of Operations Director at Recyclus

Technology Minerals Plc (LSE: TM1), the UK's pioneering firm in establishing a circular economy for battery metals, is pleased to announce that its 48.35% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has appointed Tony Walmsley as Operations Director.

Tony has more than 30 years' experience in recycling, chemicals and engineering contracting sectors; designing, building, and operating diverse processes and manufacturing facilities.  He has held senior positions in global corporations as well as leadership roles in business start-ups.

Most recently, Tony spent two years working for Ascend Elements Inc. developing its lithium-ion battery recycling operations in USA and Europe.  Prior to this, Tony served as General Manager at Whelan Refining Ltd, where they managed the recycling of waste oil to produce base oil. Tony also worked as a Project and Plant Manager at Yelo Enterprises Ltd, overseeing the construction and operation of a rapeseed processing facility and biomass power plant. Tony is a Chartered Chemical Engineer and possess a Fellowship in Manufacturing Management from Cranfield University.

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: "I am delighted to welcome Tony to Recyclus. Tony's extensive experience in the sector will prove invaluable, particularly with our plans to roll-out additional recycling plants in the UK. We are currently assessing three sites in Scotland which are under consideration for our second lithium-ion battery recycling plant. We are proud to have assembled a world-class leadership team in this fast-moving lithium-ion battery space, attracting and retaining top talent to drive the next phase of our growth and expansion."

Tony Walmsley, Operations Director at Recyclus, said: "It is an exciting time to join Recyclus and the team behind the UK's first industrial scale lithium-ion battery recycling plant. I have been impressed by their ambition and growth strategy. My experience in overseeing the construction and operation of multiple plants aligns well with Recyclus' expansion plans. At a time when it is crucial for the UK to enhance its battery recycling capabilities, I am delighted to be working with a national leader in this field."

Enquiries

Technology Minerals Plc 

Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at  www.technologyminerals.co.uk.

Recyclus Group Ltd  

The demand for the raw materials used in battery manufacturing is anticipated to increase substantially. Recyclus Group provides a national recycling initiative that supports the transition to carbon neutrality. Recyclus Group's battery recycling capacity will prove essential in the shift from fossil fuels to electric transportation. Through its strategic support from Technology Minerals, Recyclus is an integral component to the recycling of Li-ion and lead acid batteries and is a significant contributor towards the circular economy of battery metals. Further information on Recyclus Group is available at www.recyclusgroup.com.