Technology Minerals PLC Drawdown of Convertible Bond Facility (5286A)

TIDMTM1

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 GBP5 million Convertible Bond Facility with CLG Capital LLC, it has completed the drawdown of the first GBP1.0 million and in accordance with the terms of the facility, the Company issued CLG Capital LLC with the following warrants:

 
 No. Warrants      Exercise   Issue Date   Expiry Date 
                      Price 
    8,115,162   GBP0.018484   5 January     5 January 
                                 2024          2027 
   10,011,333   GBP0.014983   18 January   18 January 
                                 2024          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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January 23, 2024 02:00 ET (07:00 GMT)

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