Lohum Signs Black Mass Offtake Agreement With Recyclus

Lohum, a producer of sustainable critical minerals and the only integrated battery recycling, repurposing, and material refining company, has signed a black mass offtake agreement with the first listed UK company focused on creating a sustainable circular economy for battery metals, Recyclus Group, a subsidiary of Technology Minerals.

Under the terms of the agreement, Recyclus will sell black mass produced at its industrial-scale lithium-ion (“Li-ion”) battery recycling facility in Wolverhampton, to Lohum’s facility in India. This agreement aligns with Lohum’s strategy to procure black mass from multiple partners as it continues to build its inventory of black mass.  

Black mass contains essential metals including lithium, manganese, nickel, and cobalt that can be reprocessed and sold back into the battery manufacturing supply chain. Recyclus has achieved a significant 47 per cent recycling rate from end-of-life battery to black mass at its recycling facility in Wolverhampton.

The partnership with Lohum originated from Recyclus’ academic partnership with the University of Birmingham. This collaboration led to Recyclus’ involvement in hosting a delegation from India, which included a Minister, academia and industry leaders. In addition, Recyclus being selected to join the UK and Indian Governments' Innovating for Transport and Energy Systems (“ITES”) scheme, aimed at developing trade links and advancing electrification, further strengthened the relationship with Lohum.

On this partnership, Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said: “We are seeing increased commercial traction for our recycling solutions, and this deal further underscores our potential to build international trading partners as the world shifts to electrification.”

Together,  Lohum & Recyclus form a closed-loop materials ecosystem where Recyclus will produce black mass and Lohum will extract critical materials from it with 95 per cent yield and best-in-market 99.5 per cent average purity.

Rajat Verma, Founder & CEO of Lohum, expressed- “This partnership is also one of the world's first examples of a circular materials ecosystem consisting of multiple recyclers in the same loop. The black mass recovered by Recyclus will be further refined at Lohum to yield various critical minerals vital to the energy development and energy security of nations worldwide.”