Majestic Corporation has announced plans to accelerate its UK expansion with the launch of a new critical minerals recycling facility in Wrexham, Wales.
Majestic Corporation is a specialist recycler of e-waste, battery materials, IT infrastructure, and solar renewables with a global supply and refining network.
Hot on the heels of record-breaking 2024 full-year results, Majestic Corporation has outlined plans to launch a new 50,000 sq. ft. facility in Wrexham. The group will continue to operate its existing 4,000 sq. ft Deeside facility.
The new Wrexham facility ‘will be integral to Majestic’s strategy to increase the annual volume of processed materials to 100,000 tonnes by 2030’ as the group enhances its capabilities through proprietary processing methods and increased capacity.
Demonstrated by 2024 revenues surging 67% to $49m, the group is rapidly becoming one of the major players in the UK critical minerals recycling sector.
The UK is estimated to produce 1.65 million tonnes of e-waste per year, representing a substantial growth opportunity for the company.
“This facility marks a major step forward in our mission to enable a truly circular economy,” said Peter Lai, Chairman, CEO and Founder of Majestic Corporation
“By increasing our capacity to handle complex waste streams, we’re not only meeting rising demand but also ensuring more of this critical processing happens locally, here in the UK. Ultimately, this means we’re delivering more to our customers – with greater efficiency.”
Majestic Corporation shares were trading at 125p at the time of writing on Thursday, giving the company a Price-to-Sales ratio of just 0.55x. The group’s EPS jumped 6% in 2024.