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NAIROBI - Marula Mining PLC (AQSE:MARU, A2X: MAR) has entered into a collaboration agreement with WEEE Centre Limited to develop a lithium-ion battery recycling facility in Kenya, according to a press release statement issued Monday.
The agreement involves an initial €500,000 investment from Marula’s wholly owned subsidiary, Marula Metals Processing Limited, to support the early-stage development of a black mass extraction facility for end-of-life lithium-ion batteries. The project aims to recover valuable materials including lithium, cobalt, manganese, and nickel.
WEEE Centre, a Kenyan-based electronic waste management company operating across 18 African countries, will establish and manage a Special Purpose Vehicle to operate the project. The company plans to source lithium-ion batteries from households, solar firms, telecommunication companies, and e-waste aggregators throughout Kenya.
The funding will support infrastructure development, pilot project implementation, and technical research. Marula expects to satisfy the initial commitment through a combination of future cash flows from operations and potential financing arrangements.
"This agreement enables us to participate in delivering sustainable, scalable recycling infrastructure for lithium-ion batteries and critical materials in Kenya," said Jason Brewer, CEO of Marula Mining.
Bonnie Mbithi, CEO of WEEE Centre, stated the project aims to "support Africa’s circular economy initiatives and help meet global demand for critical battery components."
The collaboration represents Marula’s expansion into value-added processing and critical metals recycling. WEEE Centre, established in 2012 and ISO 9001 and 14001 certified, focuses on environmentally sound e-waste disposal and materials recovery.
A joint monitoring framework will be established to ensure transparent deployment of funds and alignment with shared impact goals.
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