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Hannans Limited ( (AU:RIL) ) has shared an update.
Redivium Limited has signed a binding term sheet with WMC Energy BV for an exclusive marketing and offtake agreement for black mass produced from its upcoming UK battery recycling plant. This agreement marks a key milestone, positioning Redivium as a potential leader in supplying recycled battery materials and supporting its strategic plan to become a significant player in Europe’s battery materials market. The partnership with WMC, a company with extensive expertise in the global energy transition, aligns with Redivium’s vision to deliver sustainable and high-quality recycled materials.
More about Hannans Limited
Redivium Limited is a company focused on the battery recycling industry, specifically targeting the production of black mass from recycled battery materials. The company is planning to establish a battery recycling plant in the United Kingdom to serve the growing demand in the electric vehicle and energy storage markets.
Current Market Cap: A$13.58M
Learn more about RIL stock on TipRanks’ Stock Analysis page.
