LONDON: Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, has secured an agreement with Halfords Group plc (“Halfords”), the UK’s leading provider of motoring and cycling services and products, to recycle waste lithium-ion (“Li-ion”) e-mobility batteries for an initial period of 12 months.
Recyclus will collect spent Li-ion e-mobility batteries for processing at its Wolverhampton LiBatt facility, the UK’s first and only industrial scale lithium-ion battery recycling plant, able to address the challenges associated with increasing volumes of battery waste generated by rising usage of electric vehicles.
Halfords is the UK’s leading retailer of motoring, cycling and leisure products and services, for both corporate and consumer customers. Through Halfords Autocentres, it is also one of the UK’s leading independent operators in vehicle servicing, maintenance and repairs with over 1,750 service locations across the country. As the world shifts towards electrification, it is well positioned to support UK customers with the switch to electric forms of transport driven by regulatory changes and increasing environmental concern.
Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: “We are thrilled to be working with such a blue-chip household name, who share our aim to accelerate the transition towards a more sustainable world underpinned by electric transportation solutions. As the latest of multiple agreements of this nature made with elite partners, the deal further evidences the quality of, and demand for, Recyclus’ Li-ion battery recycling solution. We are hugely excited to begin this journey with Halfords and look forward to a bright future together.”
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