• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

PRESSLED

Your Leading News Source

PRESSLED
Your Leading News Source

  • Home
  • BUSINESS
  • MONEY
  • POLITICS
  • REAL ESTATE
  • US
  • Meet the Reporters
  • About/Contact

Circular Economy in EV industry being made possible by one

May 14, 2021 by Staff Reporter

LONDON, May 08, 2021 (GLOBE NEWSWIRE) — Having raised significant funds to fast track the commercial growth of a unique, end-to-end battery recycling solution, Technology Minerals have recently announced their imminent IPO on the LSE.

The group holds the facilities and resources needed to extract and recycle the raw materials required to fuel electric vehicles (EVs) and is positioning itself as the first UK-based circular economy for battery metal recycling. This is an exciting prospect given the renewed push from the UK Government and the public for EV mass-adoption.

In Europe, EV sales increased 127% last year, while the battery capacity deployed was 174% higher. Globally, the demand forecasts for the key materials required to power mass-EV adoptions are staggering.

Despite this excitement, the main environmental issue associated with EVs, is the difficulty to recycle the lithium-ion batteries they require. This forms an odd paradox with the world shifting to a more environmentally-conscious solution that may, in-turn, become environmentally-damaging. The major car manufacturers have explained elements of potential future refinements, but the environmental charge currently is being led by younger, exciting businesses.

One of these businesses is Technology Minerals. Working with the global automotive industry, this British business offers comprehensive, contracted solutions that cover every stage of a car battery’s life-cycle. Ethical mining projects extract the key raw materials, like cobalt, that are required to create the batteries that power electric cars. The group then also has the facilities and technology to recycle the spent lithium-ion batteries, a missing piece in the UK’s sustainable vehicle puzzle.

This early-to-market positioning has proved attractive to initial seed investors with pre-IPO raises filling quickly. Set to IPO imminently, the company has attracted significant attention and looks set to grow fast.

Media Contacts –
Name – Alex Stanbury (CEO)
Company – Technology Minerals
Email – Info@technology-minerals.co.uk

Originally Appeared On: https://www.globenewswire.com/news-release/2021/05/08/2225848/0/en/Circular-Economy-in-EV-industry-being-made-possible-by-one-company.html

Filed Under: BUSINESS

Primary Sidebar

More to See

EJ Jenkins Hopes to be a Versatile Receiving Threat for Georgia Tech This Season

One of Georgia Tech's most impactful incoming transfers could be EJ Jenkins. Jenkins is coming over from South Carolina, where he was used as a wide … [Read More...] about EJ Jenkins Hopes to be a Versatile Receiving Threat for Georgia Tech This Season

Stock futures dip following S&P 500’s third winning week in a row

Traders on the floor of the NYSE, Aug. 4, 2022.Source: NYSEStock futures traded slightly lower in overnight trading Sunday, following the S&P 500's … [Read More...] about Stock futures dip following S&P 500’s third winning week in a row

Why it is a must to choose your Realtor wisely?

In 2021, Las Vegas experienced its most frenzied market in years. Any agent could put a house on the market and it had a considerable chance to sell. … [Read More...] about Why it is a must to choose your Realtor wisely?

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · PRESSLED · As Amazon Associates we earn commissions from qualifying purchases · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT