Ace Green Recycling and Enecell Announce Strategic Agreement to Advance Sustainable Battery Recycling in Australia

Ace to become Enecell's exclusive offtake partner for its lead battery recycling facility in PerthCommercial agreement is Ace's first in Australia, the world's largest lithium producer 

HOUSTON, June 16, 2025 /PRNewswire/ -- Ace Green Recycling, Inc. ("Ace" or the "Company"), a leading provider of sustainable battery recycling technology solutions, today announced its signing of a collaboration agreement with The Owens Group (WA) Pty Ltd ("Enecell"), a leading lead battery recycler based in Perth, Australia, to advance sustainable battery recycling opportunities in Australia.

As part of the collaboration, Ace has secured a master offtake agreement whereby Enecell will sell 100% of its recycled lead material from its battery breaking recycling facility in Perth, Australia to the Company for resale by Ace. Ace plans to market the lead battery material purchased from Enecell to the Company's global network. The offtake agreement has an initial term of 10 years, with the opportunity to renew. Enecell's Perth facility has a current processing capacity of more than 33 million pounds of intermediary recycled lead products and the master offtake agreement covers any future expansions or modifications at the facility, including lead refining, casting, and alloying capabilities and lithium battery processing.

In addition, Ace and Enecell are also exploring potentially installing Ace's proprietary GREENLEAD® recycling technology, a fully electric process that produces zero Scope 1 emissions, at Enecell's facility. In addition to lead battery recycling, the companies are also exploring the possibility of deploying the Company's LithiumFirst™ technology, which is capable of commercially recycling lithium batteries, at Enecell's facility. The joint effort from Ace and Enecell is expected to leverage their combined expertise and resources to create a robust recycling facility in Australia capable of efficiently processing significant volumes of used batteries, contributing to a circular economy and minimizing the need for transporting hazardous materials across borders.

The deal is consistent with Ace's broader growth strategy, which is focused on generating revenues in a capital efficient manner. In addition, the master offtake agreement provides Ace the right to match commercial terms offered by a potential end customer to purchase battery material from Enecell's facility for its own use instead of for resale. This optionality further strengthens Ace's recycling solutions platform by providing additional feedstock security for future projects and to meet customer demand.  

"Ace shares our vision in driving the growth of environmentally friendly solutions to support smart lead recycling," said Paul Owens, Founder and CEO of Enecell. "We have a profound appreciation for their innovative technology and immense customer network. I recently had the privilege of witnessing Ace's technology in action, and I was thoroughly impressed. I look forward to partnering with Ace to bring more climate focused recycling opportunities for both lead and lithium batteries in Australia."

"Ace and Enecell are industry pioneers when it comes to sustainable solutions for recycling lead, and we look forward to partnering with Enecell as we expand our operations into Australia, a previously untapped market for us," said Nishchay Chadha, CEO and Co-Founder of Ace. "Australia, similar to the U.S., has been   implementing strict regulations for smelting lead and has shut down some smelters that do not meet such regulations, which, we believe, strategically positions Ace and Enecell to help meet the demand for lead by delivering a more sustainable recycling solution. While lead recycling remains a key near-term growth driver for Ace, we believe that Australia's position as the world's top lithium producer presents significant long-term opportunities for lithium battery recycling in this market."

About Ace Green Recycling

Ace Green Recycling, Inc., incorporated in Delaware, is an innovative battery recycling technology platform offering sustainable end-of-life solutions. It has deployed modular, Scope 1 carbon emissions-free recycling facilities for lithium (nickel-manganese-cobalt & lithium iron phosphate) and lead batteries used in various industries including electronics, automotive and energy storage. Ace was founded by Nishchay Chadha, Chief Executive Officer and a veteran in recycling, mining and global supply chain industries, and Dr. Vipin Tyagi, Chief Technology Officer, with extensive experience in battery materials recycling technologies. For more information, please visit www.acegreenrecycling.com.

About Enecell

Enecell is a forward-thinking company dedicated to environmental sustainability through the recycling of lead batteries. As the global demand for energy storage solutions continues to grow, the responsible disposal and recycling of lead batteries have never been more critical. At Enecell, we focus on minimizing the harmful environmental impact of battery waste while extracting valuable materials for reuse in new products. Our mission is to contribute to a cleaner planet by transforming used lead batteries into safe, reusable resources. For more information, please visit https://www.enecell.com.au/about.

Contacts:

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Forward-Looking Statements

This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements generally can be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology. Such statements include statements regarding the intent, belief or current expectations of Ace and members of its management as well as the assumptions on which such statements are based. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties that could cause actual events or results to vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this press release are made as of this date, and Ace undertakes no duty to update such information except as required under applicable law.