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. 

26 July 2023

Technology Minerals Plc 

("Technology Minerals" or the "Company") 

Recyclus receives patent pending status for new lead paste desulphurisation process

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce its 48.25% owned battery recycling business, Recyclus Group Ltd ("Recyclus"), has received patent pending status from the European Patent Office ("EPO") for its lead paste desulphurisation process which has been developed from its recycling facility in Tipton, West Midlands.

The receipt of the International Patent Application from the EPO is a significant step for Recyclus in the patent processing of its lead paste desulphurisation process, with the next stage being the receipt of the International Search Report.

Recyclus has developed an innovative process which significantly reduces the sulphur content in the recycled lead paste, resulting in the production of what is termed 'alpha' paste, which when smelted, produces lower levels of hazardous sulphur oxide (SOx) and in turn requires lower levels of energy through the smelting process, reducing smelting costs. In addition, Recyclus' process assists the filtration rate during smelting, which reduces water consumption.

Robin Brundle, Chairman of Technology Minerals, said: "We are delighted with the results generated by our innovative new approach to the lead paste desulphurisation process, which we have successfully developed to deliver improvements to our end customers, both in terms of processing costs and reduced levels of hazardous waste gases, which ultimately supports the global push towards NetZero. We are eagerly working towards achieving patent status and will update the market on our progress in due course."

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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 extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the group will explore, mine, and recycle metals from spent batteries. 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 lithium-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