Technology Minerals PLC - London-based provider of technology for battery metals recycling - Signs agreement with Halfords Group PLC for the recycling of waste lithium-ion batteries used in electric cars and bikes. Under the agreement, Recyclus Group Ltd, in which Technology Minerals holds a 48% stake, will collect spent batteries from Halfords for processing at its facility in Wolverhamption.
Halfords operates a chain of motoring and cycling product stores and service centres across the UK. It has 386 stores and 645 garages, as well as mobile service vans. The initial period of the agreement is 12 months. No financial details are disclosed. ‘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,’ says Technology Minerals Chair Robin Brundle.
Current stock price: last quoted at 0.11 pence; shares are suspended from trading in London due to late accounts
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