Technology Minerals PLC Converts Bonds to Shares, Expanding Total Voting Rights

An update from Technology Minerals PLC ( (GB:TM1) ) is now available.

Technology Minerals PLC has announced an agreement with Atlas Capital Markets LLC to convert £80,000 of Convertible Bonds into 69,637,480 Ordinary shares, priced at £0.001 each, as part of their £5.5 million facility. This conversion will maintain the total funds drawn at £2.5 million, with £0.81 million converted to shares. The new shares will be admitted to the London Stock Exchange, increasing the total issued shares and voting rights to 1,874,727,998, impacting shareholders’ calculations for interest notifications according to FCA rules.

More about Technology Minerals PLC

Technology Minerals PLC is pioneering the UK’s first listed sustainable circular economy for battery metals, focusing on recycling, recovering, and reusing battery technologies to support a renewable energy future. The company is dedicated to exploring raw materials necessary for lithium-ion batteries while addressing the ecological challenges posed by spent batteries through recycling for reuse by battery manufacturers.

YTD Price Performance: -13.14%

Average Trading Volume: 52,054,382

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.88M

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