Technology Minerals Plans to Boost Share Numbers Amidst Drive for a Sustainable Battery Economy

On a path to transform the battery metals industry, Technology Minerals PLC is set to submit an application for the admission of 10,362,520 additional ordinary shares. This move is an extenuation of the company’s previous announcements made on the 20th of December 2024, and January 7, 2025. These shares are to be issued to Atlas Capital Markets LLC, thus bolstering the company’s monetary position.

The total funds projected to be drawn from the £5.5 million facility with ACM post-conversion will remain standing at £2.5million, with £820,000 set to be converted into ordinary shares. This reflects an outstanding principal balance of £1.68 million.

Technology Minerals is the first listed UK company dedicated to instating a sustainable circular economy for battery metals. The firm deploys cutting-edge technology to recycle, recover and reuse battery technologies for a truly renewable energy future. Their primary focus is currently on exploring raw materials required for Li-ion batteries, and simultaneously tackling the ecological issue of spent Li-ion batteries through recycling for reuse by battery manufacturers. Technology Minerals continues to demonstrate its commitment to revolutionise both the technical and environmental aspects of the battery metals industry.