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."