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Technology Minerals PLC - London-based company focused on creating a circular economy for battery metals - Recyclus Group, 49%-owned by Technology Minerals, is granted a UN-standard safety certification for its battery boxes, which are under the brand name Halo and allow for the transportation and storing of lithium-ion batteries.
"As the world embraces the era of electrification, there is set to be a huge increase in demand for the logistical capability to safely store, move, and recycle batteries, and this certification opens up another revenue stream to Recyclus, both domestically and abroad, at an opportune time. Discussions with potential customers have demonstrated the level of demand for the Halo boxes and we expect to see revenues during August," said Chair Robin Brundle.
Current stock price: 2.00 pence, down 9.1% on Friday
12-month change: down 38%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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