RNS Number : 5286A
Technology Minerals PLC
23 January 2024
 

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. 

 

23 January 2024

 

Technology Minerals Plc

 ("Technology Minerals" or the "Company")

 

Drawdown of Convertible Bond Facility and Grant of Warrants

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announces that further to its announcement on 8 January 2024, that it had approved a £5 million Convertible Bond Facility with CLG Capital LLC, it has completed the drawdown of the first £1.0 million and in accordance with the terms of the facility, the Company issued CLG Capital LLC with the following warrants:

 

No. Warrants

Exercise Price

Issue Date

Expiry Date

8,115,162

£0.018484

5 January 2024

5 January 2027

10,011,333

£0.014983

18 January 2024

18 January 2027

 

 

Enquiries

 

Technology Minerals Plc

 

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

 

+44 (0)20 4582 3500

Oberon Investments Limited

 

Nick Lovering, Adam Pollock

 

+44 (0)20 3179 0535

Gracechurch Group

 

Harry Chathli, Alexis Gore, Rebecca Scott

 

+44 (0)20 4582 3500

 

 

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 raw material exploration required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. Further information on Technology Minerals is available at? www.technologyminerals.co.uk.

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