Technology Minerals PLC Extension of Share Warrants (7566T)
17 November 2023 - 8:00AM
UK Regulatory
TIDMTM1
RNS Number : 7566T
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 +44 20 4582 3500
Oberon Investments Limited
Nick Lovering, Adam Pollock +44 (0)20 3179 0535
Gracechurch Group
Harry Chathli, Alexis Gore, Rebecca
Scott +44 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
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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END
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