Extension of Share Warrants

Technology Minerals PLC

17 November 2023

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

17 November 2023

Technology Minerals Plc

("Technology Minerals" or the "Company") 

Extension of Share Warrants

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that it has extended the exercise period of warrants to subscribe for an aggregate of 353,164,631 Ordinary shares exercisable at 3.375p per Ordinary share and 6,666,666 Ordinary shares exercisable at 2.25p per Ordinary share, from 17 November 2023 to 31 January 2024.

All other terms and conditions of the Share Warrants remain unchanged. Initial warrants were issued as part of a long-term financing strategy to secure future investments from our existing investors. This funding will bolster our current portfolio, aligning with our commitment to delivering enhanced value for our shareholders. 

Related Party Transactions 

Chang Oh Turkmani, Non-Executive Director, and Philip Beard, Non-Executive Director, each are beneficial Warrant holders; therefore, the Proposed Transaction is a related party transaction under Disclosure and Transparency Rule 7 ("RTP"). The Board has established procedures to ensure that RTPs are approved by independent board members.

Enquiries

Technology Minerals Plc
Robin Brundle, Executive Chairman Alexander Stanbury, Chief Executive Officer	[phone]
Oberon Investments Limited
Nick Lovering, Adam Pollock	[phone]
Gracechurch Group
Harry Chathli, Alexis Gore, Rebecca Scott	[phone]

Technology Minerals Plc

Technology Minerals is developing the UK's first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the group will explore and recycle metals from spent batteries. Further information on Technology Minerals is available at www.technologyminerals.co.uk.

 

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