REG - Technology Minerals - Update on CLN Settlement Terms

Technology MineralsAnnouncement

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RNS Number : 0675W  Technology Minerals PLC  10 March 2026

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.

 

10 March 2026

 

Technology Minerals Plc

 

("Technology Minerals" or the "Company")

 

Update on CLN Settlement Terms

 

Technology Minerals Plc (LSE: TM1), the first UK listed company focused on
creating resource and manufacturing resilience through a sustainable circular
economy for battery metals and other critical resources, provides the
following update on its conditional settlement with existing CLN holders.

As previously announced on 15 January 2026, the Company and Fortified
Securities successfully agreed settlement terms with Jonathan Swann ("JS") and
Atlas Special Opportunities II, LLC ("Atlas") in respect of their convertible
instruments. The settlements with JS and Atlas were conditional upon the
following:

·    the Company securing placing letters by 16 February 2026 (the
"Placing Date") for a placing to provide funds to satisfy settlement sums due
in cash plus providing 12 months working capital for the Company (the
"Anticipated Placing"); and

·    the shares associated with the Anticipated Placing being admitted to
trading by 31 March 2026 (the "Longstop Date").

The Placing Date has been extended from 16 February 2026 to 20 March 2026 and
the Longstop Date has been extended from 31 March 2026 to 30 April 2026 as the
Company continues to progress with the Anticipated Placing and final approval
of its audit.

As stated previously, whilst there can be no certainty that the Anticipated
Placing will successfully close, the Board are confident in their efforts, in
conjunction with the appointment of Nick Bridle and Mick Cataldo and their
profile and successes, and the services to be delivered by Fortified
Securities.

Alex Stanbury, CEO of Technology Minerals, said: "The Board remains focused
on progressing the Anticipated Placing, while also achieving satisfactory
settlements with Jonathan Swann and Atlas. We are also nearing completion of
the audit for the Annual Report and Accounts and look forward to updating the
market in due course."

Enquiries

 Technology Minerals Plc
 Robin Brundle, Executive Chairman          c/o +44 (0)20 4582 3500

 Alex Stanbury, Chief Executive Officer

 Fortified Securities (Lead Broker)
 Guy Wheatley                               +44 (0)20 3411 7773

 Oberon Investments Limited (Joint Broker)
 Nick Lovering, Adam Pollock                +44 (0)20 3179 0500

 Gracechurch Group (Financial PR)
 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
(http://www.technologyminerals.co.uk/) .

 

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